Business Maintains Optimistic 2025 Growth Prospects Following First Half Profit Report
Evoke plc Achieves Strategic Progress and Revenue Growth in Q3 2025
Evoke plc, a leading player in the gaming industry, has reported a significant leap in its strategic progress, demonstrating continued revenue growth, improving profitability, and deleveraging efforts.
For the third quarter of 2025 (up to August 10), the company's revenue is in line with expectations, supporting the reaffirmed full-year guidance of 5%-9% revenue growth and an adjusted EBITDA margin of at least 20%.
The growth is driven by international expansion and operational improvements, which underpin continued profitability and cash flow enhancement.
Revenue Growth
Evoke plc recorded a 3% year-over-year increase in group revenue to £887.8 million for the first half of 2025. On a constant currency basis, the revenue increase was 22%. This marks the fourth consecutive quarter of growth for the company.
Profitability
Adjusted EBITDA surged by 44% to £165.9 million, and reported EBITDA more than tripled to £141.3 million. These figures reflect stronger gross margins, efficient marketing, and cost savings across operations.
Deleveraging
The leverage ratio improved from 6.7x a year earlier to 5.0x, signaling reduced financial risk. Cash (excluding customer balances) is at £121 million, with total liquidity of £250 million, including an undrawn revolving credit facility of £129 million.
Core Market Focus
International markets contributed to a 13% revenue increase for the company, with gains in Italy, Spain, Romania, and Denmark. Despite a 2.4% dip in the U.K. and Ireland revenue, the company is offsetting this with a Q2 rollout of 5,000 gaming cabinets.
Long-Term Growth Prospects
The company's momentum in revenue and profitability, combined with stronger balance sheet management and execution on marketing strategies, supports positive medium- to long-term growth prospects within its core markets.
Evoke plc believes it is well-positioned to extend its growth with strong market positions, well-known brands, diverse products, and a clear value proposition for customers. Early Q3 trading is meeting expectations, and management states that the momentum is building.
Planned investment in self-service betting terminals is scheduled for the second half of the year. The company has also restructured its marketing strategy in the U.K. and Ireland.
The Q3 2025 outlook is stable, reinforcing confidence in achieving at least mid-single-digit revenue growth and margin expansion within the current fiscal year.
- In line with the company's continued growth and success, Evoke plc is planning to invest in technology to improve its business operations in the sports sector.
- The financial reports show that Evoke plc's robust revenue growth in Q3 2025 is driven not only by its strong position in the gaming industry but also by its strategic focus on technology and expansion in international business markets.
