Canada · Delayed Price · Currency is CAD Pollard Banknote Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong revenue and margin growth, driven by instant ticket volumes, digital expansion, and record charitable gaming results. The California Lottery contract and new digital wins boosted performance, while cost efficiencies and capital allocation initiatives supported profitability.
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Q1 2026 saw lower revenue and profit due to temporary instant ticket order timing and production inefficiencies, but digital and charitable gaming segments performed strongly. Outlook for Q2 and the rest of 2026 is positive, with higher order volumes and EBITDA expected.
Fiscal Year 2025
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Record revenue and major contract wins in 2025 were offset by startup losses in Kansas iLottery and regulatory headwinds in Minnesota eTabs, but margins and EBITDA are expected to improve in 2026 as digital and instant ticket segments recover.
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Record sales achieved with major contract wins in Belgium and California, boosting long-term growth prospects. Gross margin and net income declined due to Kansas iLottery startup costs and regulatory headwinds, but margin improvement is expected in 2026 as new initiatives and contracts ramp up.
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Q2 2025 saw higher revenue but lower margins and net income due to lower instant ticket volumes, Kansas iLottery startup costs, and Minnesota eTAB regulatory changes. NeoPollard Interactive JV and charitable gaming acquisitions drove growth, with Q3 volumes and margins expected to improve.
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Exceptional Q1 performance driven by higher instant ticket margins, strong NeoPollard JV results, and successful Kansas iLottery launch. Revenue and net income rose significantly year-over-year, with digital and iLottery segments poised for further growth.
Fiscal Year 2024
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Record annual sales and EBITDA were achieved, driven by repricing, digital growth, and acquisitions. Q4 saw lower margins due to production issues and ramp-up costs for Kansas iLottery, but 2025 is expected to benefit from higher prices and digital expansion.
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Record Q3 results with 18% sales growth and 34% higher Adjusted EBITDA, driven by repriced instant ticket contracts, strong iLottery and charitable gaming performance, and strategic acquisitions. Full impact of repricing and new technology launches expected in 2025.