Stock Markets January 27, 2026

Winvia Entertainment Signals Strong FY25 Performance as Adjusted EBITDA Tops Expectations

Technology-led gaming group reports sizable EBITDA gain, successful AIM IPO and rising customer engagement across prize draws and online gaming

By Maya Rios
Winvia Entertainment Signals Strong FY25 Performance as Adjusted EBITDA Tops Expectations

Winvia Entertainment PLC reported that adjusted EBITDA for FY25 is expected to be at least £31.0 million, more than double the prior year figure of £15.3 million and ahead of market forecasts. The company also completed an AIM listing in the second half of 2025, raising gross proceeds of £40.0 million, and recorded strong customer growth in both its UK Prize Draw and online gaming divisions.

Key Points

  • Winvia expects FY25 adjusted EBITDA of at least 31 million, up from 5.3 million in FY24.
  • The company completed an oversubscribed AIM IPO in H2 2025, raising gross proceeds of 0.0 million and is pursuing acquisitions in the UK Prize Draw market.
  • Customer engagement rose across both core divisions - UK Prize Draw active customers rose 47% year-on-year and online gaming active customers rose 12% year-on-year, with December 2025 delivering record monthly deposits 16% higher than the prior year. Subscription sales and a new B2B revenue stream are now material contributors.

Winvia Entertainment PLC has told investors that its adjusted EBITDA for the fiscal year ending FY25 is expected to be not less than 31 million, representing a substantial increase from the .3 million reported in FY24.

The group completed an AIM initial public offering in the second half of 2025, raising gross proceeds of 0.0 million through an oversubscribed placing. Management said the company continues to engage with multiple potential acquisition targets as part of its strategy to expand in the UK Prize Draw market.

Operationally, the UK Prize Draw business delivered meaningful customer growth, with active customers rising 47% year-on-year and revenue reaching record levels for the segment. The subscription product, introduced in the second half of the year, has exceeded management expectations and now represents a meaningful portion of total ticket sales.

In the online gaming division, active customers increased by 12% year-on-year. The company highlighted December 2025 as a record month for deposits, which were 16% higher than the prior year. Winvia also disclosed the development of a new B2B revenue stream and noted it has executed its first three partnerships under that initiative.

The group announced changes to its board and finance leadership. David Perry will step down from the board, and Simon Hay - who joined the business as Chief Commercial Officer in November 2025 - will take on the role of Chief Financial Officer from February 1, 2026.

CEO Mihai Manoila said: "The Group continued to deliver strong growth throughout FY25, providing further evidence of the highly profitable, technology driven business we have built across two fast-growing markets, UK prize draws and online gaming."

Winvia indicated it expects to publish full-year results in May 2026 and intends to declare a dividend consistent with the expectations set at the time of the IPO. No further guidance or figures for the dividend were provided in the trading update.

The update underscores the companys momentum across both core markets it serves, while emphasising continued M&A outreach and a shift toward recurring subscription revenue and B2B partnerships as contributors to future top-line mix.

Risks

  • Execution risk around potential acquisitions in the UK Prize Draw market - M&A progress could affect strategic growth plans and is a factor for the entertainment and gaming sectors.
  • Leadership transition risk with David Perry stepping down and Simon Hay moving from Chief Commercial Officer to CFO on February 1, 2026 - governance and finance continuity could be impacted.
  • Dividend expectation is pending confirmation at full-year results in May 2026 - shareholders and markets in the finance sector may face uncertainty until the dividend is formally declared.

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