PointsBet Reports Record FY25 Results and Reaffirms MIXI Takeover Support
PointsBet Holdings Limited (ASX: PBH) today announced its FY25 financial results, reporting record revenues and the first Normalised EBITDA profit in company history. The Company also reiterated its Board’s unanimous recommendation that shareholders accept MIXI Australia’s unconditional cash takeover offer.
Key Highlights – FY25 Results:
- Group Net Revenue: $261.4 million, up 6% on the prior year.
- Gross Profit: $137.0 million, up 6%.
- Normalised EBITDA: $11.2 million, compared with a ($1.8m) loss in FY24 – the first positive result since listing.
- Australia: Net Win up 3% to $240.6m; Record Statutory Segment EBITDA of $30.1m, up 12%.
- Canada: Net Win up 26% to $43.0m; iGaming Net Win up 39%.
- Cash Active Clients: 295.8k, an all-time high.
MIXI Australia Takeover Update:
- MIXI Australia’s all-cash offer of $1.25 per share is unanimously recommended by the PointsBet Board.
- Payments to accepting shareholders commenced today.
- The offer closes 7.00pm Melbourne time, Friday 29 August 2025.
- The offer represents a 50.6% premium to the pre-announcement share price of $0.83.
- Betr’s unsolicited, all-scrip proposal remains unanimously rejected by the Board.
Industry Positioning:
- PointsBet paid $115.3m in GST, POCT and product fees to Australian governments, racing bodies and sports bodies.
- The Company reaffirmed its support for gambling advertising reform, advocating for digital and social media-based controls such as sign-in, age-gating, opt-in/out functions, and frequency caps.
Full FY25 Results Presentation can be found at https://www.asx.com.au/markets/company/PBH
For enquiries:
Alister Lui
Group Chief Financial Officer
Ph: +61 422 005 364
ENDS
