Estoril Sol FY25 net loss widens to EUR 17.85 million; revenue falls 2% to EUR 207.33 million

• Estoril Sol posted a consolidated net loss of EUR 17.85 million in 2025, widening from EUR 4.82 million in 2024.
• Loss attributable to equity holders more than doubled to EUR 25.25 million; basic loss per share widened to EUR 2.12.
• Gross game revenues (net of bonuses and adjustments) slipped 2% to EUR 207.33 million; net game revenues fell 3% to EUR 111.38 million.
• EBITDA dropped 12% to EUR 25.44 million as amortization, depreciation, impairments and provisions climbed 42% to EUR 34.04 million.
• Group booked a EUR 13.2 million impairment on the Estoril gaming concession; capex totaled EUR 4.9 million, mainly tied to the new concession rollout.

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