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(Sharecast News) - Winvia Entertainment reported a sharp rise in annual revenue and adjusted EBITDA on Tuesday, saying strong trading had continued into the first quarter of 2026.
The AIM-traded technology-led entertainment group, focused on prize draw competitions and online gaming, said net revenue rose to 170.3m for the year ended 31 December, from 38.1m in 2024.
Adjusted EBITDA increased to 31.2m from 6.6m, in line with recently upgraded expectations, while statutory profit from operations rose to 12.0m from 5.9m.
The group ended the year with net cash of 29.9m, compared with net debt of 36.6m a year earlier.
The directors recommended a dividend of 5.9p per share, in line with expectations set at the time of Winvia's IPO.
In prize draw competitions, active customers increased 94% to 1.7m, new user registrations rose 74% to 1.5m, and first-time players more than doubled to 1.2m.
Winvia said the growth was driven by acquisitions, higher marketing spend, streamlined onboarding, platform migration and enhanced prize offerings.
The group launched its BOTB Pass subscription option in the second half, which it said had exceeded management expectations.
Subscriptions reached 9% of BOTB monthly revenue by the end of December and had accelerated to more than 20% by 31 March 2026.
In online gaming, active customers rose 10% to 1.5m, while new user registrations increased 12% to 2.0m.
The company said three new B2B partnerships had created a new revenue stream that accounted for more than a quarter of deposits by 31 March, surpassing the contribution from white labels in less than a year.
Winvia said it had also integrated and developed dedicated AI tools to support scale across owned, B2B and B2B2C channels, as well as future acquisition integration.
The company highlighted the proposed acquisition of Rev Corp, trading as Rev Comps, announced on 18 May, saying the deal was expected to enhance earnings in the first full financial year after completion and support its strategy to build a leading position in the UK prize draw market.
Winvia said trading in the first quarter of 2026 had remained strong and that it was firmly on track to meet the board's full-year expectations.
It said it saw a significant opportunity to gain market share during the coming peak trading period.
Chief executive Mihai Manoila said 2025 had been a "transformational year" for Winvia, marked by strong execution, greater scale and significant revenue and EBITDA growth.
"We have carried this strong momentum into 2026, which gives us confidence in our ability to further increase recurring revenues and market share," he said.
"With a robust balance sheet, a clear consolidation opportunity in the fragmented UK prize draw market, and continued investment in technology and AI, we are well positioned to deliver sustainable long-term value for shareholders."
At 1207 BST, shares in Winvia Entertainment were down 0.08% at 237.3p.
Reporting by Josh White for Sharecast.com.
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