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Organization of Football Prognostics S.A.

Organization of Football Prognostics S.A.

OPAP.AT
Organization of Football Prognostics S.A.GR flagAthens Stock Exchange
14.49
EUR
-0.56
- -
5.19BMarket Cap
Organization of Football Prognostics S.A.
OPAP.AT
(Athens Stock Exchange)

Recent

price

14.49

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.18
4.43
4.08
2.74
1.92
1.96
2.92
3.06
3.27
3.41
2.21
3.04
4.13
3.94
4.34
4.58
4.54
Revenue per Share
1.81
1.68
1.58
0.44
0.61
0.66
0.53
0.4
0.45
0.64
0.61
0.75
1.67
1.12
1.34
1.35
1.34
Basic EPS, GAAP
1.38
-1.3
1.66
0.52
0.83
0.5
0.16
0.47
0.63
0.77
0.5
1.36
1.8
1.37
1.86
1.87
1.85
Free Cash Flow per Basic Share
1.45
1.08
0.72
0.57
0.25
0.87
0.92
1.4
0.41
0.53
0.64
0.26
0.4
1.41
1.21
1.3
1.29
Dividend per Share
2.05
2.64
3.51
3.34
3.51
3.5
3.17
2.17
2.22
2.24
1.51
1.58
2.41
1.76
1.91
1.48
1.47
Book Value per Share
1.53
-0.71
0.15
0.04
-0.15
-0.11
-0.5
-1.45
-1.25
-1.02
-2.38
-1.53
-0.81
-1.37
-1.72
-2.01
-1.99
Tangible Book Value per Share
319
319
319
319
319
319
319
318
318
318
334
344
354
365
362
359
362
Basic Weighted Avg Shares
1,654
1,413
1,302
875
613
625
931
973
1,040
1,086
737
1,044
1,462
1,436
1,570
1,643
1,643
Sales/Revenue/Turnover
52.7
48.81
48.34
22.51
48.28
48.42
26.78
22.04
23.3
27.26
14.97
38.94
40.27
41.49
44.09
41.46
41.46
Operating Margin (%)
40
44
44
44
50
59
58
89
97
108
117
145
134
134
135
139
139
Depreciation Expense
576
537
505
141
195
211
170
126
143
202
205
259
592
408
486
483
483
Net Income, GAAP
35.27
23.19
20.8
24.84
34.8
29.94
27.04
31.89
32.7
24.92
7.99
26.98
17.59
27.36
26.27
26.48
26.48
Effective Tax Rate (%)
34.81
38.03
38.82
16.14
31.78
33.7
18.29
12.97
13.78
18.63
27.83
24.85
40.5
28.44
30.94
29.41
29.41
Profit Margin (%)
444
95
213
-103
-49
65
47
-41
75
545
263
427
199
89
69
-104
-104
Working Capital
1
251
166
- -
- -
115
263
513
650
1,103
1,058
1,035
546
606
629
528
528
LT Debt
697
885
1,162
1,125
1,235
1,203
1,072
759
760
772
783
949
1,075
775
609
427
427
Total Equity
59.67
53.1
38.85
10.57
13.98
15.04
12.38
9.77
11.32
13.73
5.4
14.78
23.47
24.12
34.15
33.75
33.75
Return on Invested Capital (%)
91.6
60.71
40.52
10.85
15.84
17.25
13.1
9.56
11.32
13.89
14.39
17.54
36.59
27.81
35.35
34.19
34.19
Return on Capital (%)
93.83
71.97
51.6
12.92
17.85
18.86
16.01
14.83
20.54
28.55
33.73
49.53
84.75
54.61
73.02
79.26
79.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
310
605
441
LT Borrowings
348
348
507
LT Finance Leases
20
20
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
359
359
359
Market Capitalization
6,964
7,189
6,910

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
608
883
906
Cash, Cash Equivalents & STI
502
778
774
Accounts Receivable, Net
69
64
86
Inventories
4
4
5
Total Current Liabilities
796
1,296
1,009
Payables & Accruals
- -
- -
- -
ST Debt
310
605
441
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.16%
-8.93%
-29.9%
Free Cash Flow
37.54%
45.73%
-0.35%
Net Income, GAAP
15.33%
28.44%
-0.49%
Sales/Revenue/Turnover
12.65%
18.78%
4.68%
Total Cash Common Dividend
29.71%
50.7%
6.35%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
363
345
328
523
1,436
2024
376
364
387
443
1,570
2025
406
382
410
446
1,643

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.33
0.29
0.23
- -
1.12
2024
0.31
- -
- -
- -
1.34
2025
0.34
- -
- -
- -
1.35

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.41
- -
- -
1.41
2024
- -
- -
- -
- -
1.21
2025
- -
- -
- -
- -
1.3
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Business
Organization of Football Prognostics S.A. (OPAP) serves as the leading gaming company in Greece, operating as the exclusive licensed provider of numerical lotteries, sports betting, video lottery terminals (VLTs), passive lotteries, instant scratch games, and horse racing betting; its core numerical lottery products include JOKER, LOTTO, TZOKER, PROTO, EXTRA 5, SUPER 3, KINO, EUROJACKPOT, and POWERSPIN; sports and other betting offerings encompass PROPO, PROPOGOAL, STOIHIMA, PAME STOIXIMA, MONITOR GAMES, and GO LUCKY; passive lotteries feature NATIONAL and POPULAR brands with and without jackpots; instant win games operate under SCRATCH; and VLTs are deployed across Greece with licenses extending to 2035. The company delivers these products through an extensive network of over 4,000 branded retail agencies, supplemented by kiosks, street vendors, online platforms, and land-based outlets, while also providing telecommunication services, e-money solutions, bill payments, and software development for integrated systems. OPAP maintains operations in Greece and Cyprus, with headquarters located at 112 Athinon Avenue, Athens, Greece, and was founded in 1958 as the national lottery operator, achieving full privatization in 2013 following its listing on the Athens Stock Exchange in 2001. In recent developments, OPAP approved an all-share business combination with Allwyn International in October 2025, creating a €16 billion entity that combines market-leading positions across Europe, the United States, and other regions, with Allwyn holding 51.78% ownership and the combined company retaining a Greek listing under Allwyn branding. The company upgraded 4,000 VLTs in partnership with Inspired Entertainment in 2024, introducing the innovative Valor Slant cabinet alongside Vantage models to enhance player experience and fleet modernization. Earlier initiatives include the 2024 launch of Eurojackpot in Greece and the TIPSTERS digital sports betting community, alongside a share buy-back program, increased dividends, and the creation of OPAP Eco SINGLE MEMBER S.A. for energy cost management. OPAP's licenses for core games extend through 2030, VLTs to 2035, and horse racing to 2036, supporting ongoing digital expansion and responsible gaming under World Lottery Association standards.