Pollard Banknote Limited

Pollard Banknote Limited

PBKOF
Pollard Banknote LimitedUS flagOther OTC
11.73
USD
- -
- -
317.54MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.86
8.26
9.39
10.47
12.13
13.05
15.52
16.15
17.16
17.97
19.32
20.57
22.02
21.85
Basic EPS, GAAP
0.23
0.37
0.32
0.52
0.71
0.58
0.86
1.3
0.74
0.72
1.17
1.3
1.28
0.98
Free Cash Flow per Basic Share
0.17
- -
0.15
0.24
0.81
0.68
0.14
1.59
0.81
0.78
0.98
0.74
0.92
2.09
Dividend per Share
0.12
0.12
0.12
0.12
0.12
0.12
0.15
0.16
0.16
0.16
0.16
0.19
0.2
0.2
Book Value per Share
1.42
1.38
1.66
2.04
2.32
4.13
4.59
5.45
7.8
9.03
10.04
11.45
12.77
12.82
Tangible Book Value per Share
-0.68
-0.68
-0.28
0.1
-0.93
-0.08
-0.04
-0.82
0.17
1.53
2.22
3.09
3.9
3.88
Basic Weighted Avg Shares
24
24
24
24
24
25
26
26
27
27
27
27
27
27
Sales/Revenue/Turnover
185
194
221
246
286
332
398
414
459
484
520
557
596
591
Operating Margin (%)
7.13
8.86
8.06
8.23
9.7
9.1
8.69
10.88
6.92
3.31
1.46
3.12
0.12
-1.7
Depreciation Expense
9
8
8
11
13
18
27
31
40
41
45
44
49
50
Net Income, GAAP
5
9
7
12
17
15
22
33
20
19
31
35
35
26
Effective Tax Rate (%)
41.81
30.01
38.81
28.14
29.99
28.49
24.08
27.86
27.34
13.23
16.31
32.48
33.07
35.18
Profit Margin (%)
2.95
4.5
3.38
4.98
5.88
4.48
5.53
8.04
4.29
3.99
6.04
6.32
5.81
4.47
Working Capital
33
30
39
49
45
65
79
69
62
78
82
96
101
93
LT Debt
73
75
79
76
97
116
139
143
126
129
133
163
167
164
Total Equity
34
34
44
52
58
118
123
142
207
252
275
334
373
376
Return on Invested Capital (%)
7.45
10.89
9.22
11.43
13.22
10.91
10.48
11.57
7.29
3.79
1.58
2.56
0.09
-1.17
Return on Capital (%)
7.25
10
8.12
12.03
13.93
9.5
11.17
13.41
7.43
7.36
10.24
9.51
8.49
6.39
Return on Common Equity (%)
18.08
26.55
20.83
28.17
32.74
18.62
19.79
25.86
11.31
8.54
12.24
12.13
10.57
7.94

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
6
6
LT Borrowings
177
155
154
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
620
522
503

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
252
247
234
Cash, Cash Equivalents & STI
21
28
13
Accounts Receivable, Net
94
82
81
Inventories
70
69
69
Total Current Liabilities
128
146
141
Payables & Accruals
119
137
133
ST Debt
6
6
6
Deferred Revenue
3
3
3

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.41%
21.9%
11.75%
Free Cash Flow
124.72%
-4.82%
24.46%
Net Income, GAAP
21.96%
6.1%
-1.55%
Sales/Revenue/Turnover
10.54%
7.57%
6.99%
Total Cash Common Dividend
- -
5.92%
5.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
126
138
153
140
557
2025
146
143
156
151
596
2026
142
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.44
0.67
-0.07
1.3
2025
0.43
0.3
0.38
0.17
1.28
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.05
0.05
0.05
0.19
2025
0.05
0.05
0.05
0.05
0.2
2026
0.05
- -
- -
- -
- -

Company Description

APIChat
CEO
John S. Pollard
Full Time Employees
2,470
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
Address
140 Otter Street Winnipeg MB Canada R3T 0M8
IPO Date
Jan 31, 2013
Business
Pollard Banknote Limited manufactures and sells lottery and charitable gaming products worldwide, primarily serving lotteries and gaming organizations in the United States, Canada, and internationally; its core offerings include instant tickets with licensed properties, proprietary designs featuring Scratch FX and Clear Play technologies, and related services such as distribution, marketing, loyalty programs, and vending machines including easyVEND and scanACTIV systems; charitable gaming products encompassing pull-tab tickets, bingo paper, daubers, electronic bingo systems, pull-tab vending machines, and eTab electronic pull-tab solutions on cabinets, tablets, and terminals; digital solutions like eInstants, iLottery platforms under the Catalyst brand with player account management and engagement tools, mobile apps via playON and gameON, and lottery optimization software such as sureTRACK and optiFORCE; Schafer Systems ticket merchandising; and lottery management services including warehousing, logistics, and second-chance promotions. The Pollard Charitable Games Group, incorporating subsidiaries and brands like American Games, International Gamco, Diamond Game, Compliant, and CJ Venne, supplies these products through global distributors, while NeoPollard Interactive, a 50% joint venture with NeoGames, delivers iLottery systems powering operations in multiple U.S. states including Michigan, North Carolina, Virginia, and Kansas. Founded in 1907 and headquartered at 140 Otter Street in Winnipeg, Manitoba, Canada, the company operates manufacturing and sales facilities across North America, including in Alberta, Ontario, Michigan, Arizona, Iowa, Nebraska, and California, as well as in the United Kingdom and Austria, generating approximately 70% of revenue in U.S. dollars. Recent developments include the April 1, 2025, acquisition of Pacific Gaming for $10 million USD to enhance electronic bingo offerings like handheld devices and management systems, integrating it into the Charitable Games Group; the July 31, 2024, purchase of Clarence J. Venne for $12.6 million USD to bolster bingo daubers production; expansion of eInstant games with debuts at Norsk Tipping, West Virginia Lottery, and Virginia Lottery, plus partnerships for third-party content integration; a three-year extension of Arizona Lottery warehousing services to 2029; and ongoing iLottery growth with Kansas operations meeting expectations amid investments in Catalyst platform features. In the second quarter of 2025, revenue rose 3.6% to $142.7 million, supported by higher instant ticket pricing, charitable gaming volumes from acquisitions, and record joint venture iLottery profits of $19.5 million, despite timing shifts in orders and Kansas startup costs.

Company News

APIChat
  • Pollard Banknote Q1 Earnings Call Highlights

  • Pollard Banknote Limited (PBL:CA) Q1 2026 Earnings Call Transcript

  • Pollard Banknote: NeoPollard Could Be Worth Half The Company

  • Pollard Banknote Limited (PBL:CA) Q4 2025 Earnings Call Transcript

  • Pollard Banknote: The Market Is Underpricing The Impact Of New Long-Term Contracts

  • Pollard Banknote (OTCMKTS:PBKOF) Trading 2% Higher – What’s Next?

  • Pollard Banknote: Why Weak Margins Don't Tell The Whole Story

  • Pollard Banknote Limited (PBKOF) Q2 2025 Earnings Call Transcript

  • Pollard Banknote: iGaming Punch Seems To Be Priced In

  • Pollard Banknote Limited (PBKOF) Q1 2025 Earnings Call Transcript

  • Pollard Banknote: Repricing For A Winning Hand In 2025

  • Pollard Banknote: Getting Close To The Discount I Like

  • Pollard Banknote Limited (PBKOF) Q4 2024 Earnings Call Transcript

  • Pollard Banknote: A Winning Ticket At 11x Forward Earnings

  • Pollard Banknote Limited (PBKOF) Q3 2024 Earnings Call Transcript

  • Pollard Banknote wins ‘Buy' rating, increased price target from Canaccord following jackpot 4Q