Italy ETF Gains on Lottomatica's €700M Buyback and 21% EBITDA Rise
Lottomatica, a top holding in the Italy ETF, rolled out a €700 million buyback replacing a €500 million authorization and proposed a €0.44 per share dividend totalling €111 million. It reported Q4 revenue of €615 million (+5% year-on-year) and full-year EBITDA up 21% to €856 million.
1. Buyback Program Details
Lottomatica proposed a new €700 million share repurchase plan replacing a €500 million authorization, authorizing up to 12.5% of share capital over 18 months. This program adds roughly €500 million of additional returns on top of €300 million completed in 2025.
2. Robust Financial Results
In Q4, Lottomatica generated €615 million in revenue, up 5% year on year, and €239 million in adjusted EBITDA, up 7%. For full-year 2025, revenue climbed 12% to €2.255 billion and adjusted EBITDA rose 21% to €856 million.
3. Online Growth and Synergies
The online segment drove growth with revenue rising 22% to €955 million and a market share increase to 31.3% in Q4. Integration of PWO delivered €87 million in synergies, exceeding initial targets and underpinning scale benefits.
4. Impact on EWI ETF
Lottomatica’s capital returns and earnings beat support its weighting in the Italy ETF, enhancing yield through its €0.44 per share dividend proposal and buyback. Improvement in gaming fundamentals and cash returns may boost EWI’s NAV and investor appeal.