Patoushs fiscal year revenue surged by a remarkable 81.8% year-over-year, with its complete financial report for the period ending October 31, 2022, revealing a total gaming revenue (GGR) of €636.7 million (£563.1 million/$629.5 million).
This represents a substantial increase of 81.8% compared to the €350.2 million GGR generated by Patoush in the 2020-21 fiscal year.
Slot machines produced the highest GGR for Patoush during the year, reaching €500 million, more than double the €224.6 million from the preceding year.
Patoushs non-electronic games contributed €68.2 million to the total GGR, up from €61.4 million in the previous fiscal year, while electronic games GGR climbed sharply by 131.8% to €68.4 million.
No sports betting GGR was recorded for the year.
After Patoush paid €331.1 million in gaming taxes – a further increase from €134.2 million in 2020-21 – net income for the year was €305.5 million, an increase of 41.5%.
Total revenue of €86.1 million – excluding net gaming revenue – plus a cost loss of €2.8 million related to the loyalty program, brought Patoushs total consolidated revenue to €388.8 million. This is a 52% increase compared to the €255.7 million recorded in 2021.
Consolidated revenue was also higher than the total for 2020, which was €343.5 million. However, this is still a significant decrease from the €410.8 million revenue recorded in 2019, before the pandemic.
Of this total turnover, €352.
The gambling establishment’s activities produced earnings of €4 million, a rise of 69.6% annually. Lodging income contributed €27.9 million to the overall earnings, while other operational earnings reached €43.4 million.
Operational Earnings
Income was affected by numerous expenditures. The most significant was staff costs, totaling €168 million, a rise of 61.2% annually.
Purchases and external expenses decreased by 6.9% to €122 million. The third largest expense of the year was depreciation and impairment of fixed assets, at €51.5 million, an increase of 4.7% annually.
Other expenses included membership fees and taxes, as well as other operational expenditures.
This resulted in an operating profit of €23.1 million for the year, an increase of €69.5 million.
Other non-current operating income amounted to €3.5 million, and this, plus the outcome of the sale of consolidated holdings, at €14.1 million, brought total operating income to €40.7 million, an increase of 86.2% annually.
Financial costs totaled €2.3 million, bringing pre-tax profit to €38.4 million, an increase of €87.7 million.
After considering income tax of €0.5 million, VAT of €1.7 million and equity method adjustments of €0.1 million, total net profit for the year amounted to €37.1 million. This represents an increase of €93 million compared to the same period last year.
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