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v3.25.1

Financial instruments - fair values and risk management (Tables) | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract] |
Summary of Tabular Form of Financial Assets and Financial Liabilities at Carrying Value and Fair Value | The following are the fair values and carrying amounts of financial assets and liabilities in the Consolidated Statement of Financial Position:
| Carrying Amount | Fair Value | Carrying Amount | Fair Value
| 2024 € '000s | 2024 € '000s | 2023 € '000s | 2023 € '000s
Assets |  |  |  |
Regulatory deposits | 13,015 |  | 13,015 |  | 11,951 |  | 11,951 |
Loans receivable | 853 |  | 853 |  | 95,809 |  | 95,809 |
Financial assets |  |  |  |
Derivative financial instruments | 272 |  | 272 |  | — |  | — |
Investments in non-listed equity instruments | — |  | — |  | 174 |  | 174 |
Prepayment for sportsbook software 1 | 112,594 |  | 112,594 |  | — |  | — |
Trade and other receivables | 60,281 |  | 60,281 |  | 97,158 |  | 97,158 |
Restricted cash | 8,703 |  | 8,703 |  | 38,287 |  | 38,287 |
Cash and cash equivalents | 372,882 |  | 372,882 |  | 241,923 |  | 241,923 |
Fixed term deposits | 13,180 |  | 13,180 |  | — |  | — |
Total | 581,780 |  | 581,780 |  | 485,302 |  | 485,302 |
Liabilities |  |  |  |
Lease liabilities | 70,360 |  | 70,360 |  | 29,145 |  | 29,145 |
Derivative financial instruments | 2,195 |  | 2,195 |  | 44,656 |  | 44,656 |
Deferred and contingent consideration | 368 |  | 368 |  | 2,714 |  | 2,714 |
Interest-bearing loans and borrowings | 36 |  | 36 |  | 87 |  | 87 |
Trade and other payables | 218,812 |  | 218,812 |  | 162,875 |  | 162,875 |
Customer liabilities (at fair value through profit/loss) | 51,108 |  | 51,108 |  | 67,592 |  | 67,592 |
Dividends payable | 72,531 |  | 72,531 |  | — |  | — |
Total | 415,410 |  | 415,410 |  | 307,069 |  | 307,069 |
Net | 166,370 |  | 166,370 |  | 178,233 |  | 178,233 |
1 Refer to note 15.
Summary of Key Value Assumptions | The key valuation assumptions as at January 31, 2024 and December 31, 2023 were as follows:
| 2024 | 2023
Exercise price ($m) | 12.9 | 4.3
Volatility | N/A 1 | 72.66%
Time to expiration (years) | N/A 1 | 0.5
Risk-free rate | N/A 1 | 5.40%
Probability of conditions being met | 100% | 91%
1 At the exercise date, on January 31, 2024, the fair value of the option was equal to the intrinsic value of the option and these assumptions were not applicable for the fair value measurement.
Summary of Tabular Form of Analysis of Loan and Borrowings | Analysis of loans and borrowings for the year ended December 31, 2024
Facility | Maturity | Interest rate | Currency | Facility amount
Other loans | On demand | 0.00 | % | NGN | Unspecified
Analysis of loans and borrowings for the year ended December 31, 2023
Facility | Maturity | Interest rate | Currency | Facility amount
Other loans | On demand | — | % | NGN | Unspecified
Other loans | On demand | 0.00 | % | EUR | Unspecified
Summary of Cash Flows for Financial Liabilities |
26 | Financial instruments - fair values and risk management (continued)
Liquidity risk (continued) The following table shows the undiscounted cash flows for financial liabilities.
| Carrying Amount € '000s | Contractual cash flows € '000s | less than1 year € '000s | 1 - 2 years € '000s | 3 - 5 years € '000s | Over 5 years € '000s
At December 31, 2024 |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Lease liabilities | 70,360 |  | 106,162 |  | 8,498 |  | 9,224 |  | 26,477 |  | 61,963 |
Contingent consideration | 368 |  | 368 |  | 368 |  | — |  | — |  | — |
Interest-bearing loans and borrowings - principal | 36 |  | 36 |  | 36 |  | — |  | — |  | — |
Trade payables | 88,596 |  | 88,596 |  | 88,596 |  | — |  | — |  | — |
Accruals 1 | 122,615 |  | 122,615 |  | 122,615 |  | — |  | — |  | — |
Other payables | 7,601 |  | 7,601 |  | 7,601 |  | — |  | — |  | — |
Customer liabilities (at fair value through profit/loss) | 51,108 |  | 51,108 |  | 51,108 |  | — |  | — |  | — |
Derivative financial instruments | 2,195 |  | 2,195 |  | 2,195 |  | — |  | — |  | — |
Dividends payable | 72,531 |  | 72,531 |  | 72,531 |  | — |  | — |  | — |
Total | 415,410 |  | 451,212 |  | 353,548 |  | 9,224 |  | 26,477 |  | 61,963 |
At December 31, 2023 |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Lease liabilities | 29,145 |  | 43,982 |  | 7,881 |  | 6,549 |  | 11,370 |  | 18,182 |
Derivative financial instruments 2 | 44,656 |  | 44,656 |  | 42,600 |  | 2,056 |  | — |  | — |
Deferred and contingent consideration | 2,714 |  | 2,714 |  | 2,392 |  | 322 |  | — |  | — |
Interest-bearing loans and borrowings - principal | 87 |  | 87 |  | 87 |  | — |  | — |  | — |
Trade payables | 80,512 |  | 80,512 |  | 80,512 |  | — |  | — |  | — |
Accruals 1 | 79,150 |  | 79,150 |  | 79,150 |  | — |  | — |  | — |
Other payables | 3,214 |  | 3,214 |  | 3,214 |  | — |  | — |  | — |
Customer liabilities (at fair value through profit/loss) | 67,592 |  | 67,592 |  | 67,592 |  | — |  | — |  | — |
Total | 307,070 |  | 321,907 |  | 283,428 |  | 8,927 |  | 11,370 |  | 18,182 |
1 Excludes gaming tax accruals. 2 Derivative financial instruments in 2023 include instruments that were settled by way of the conclusion of the option arrangements detailed in note 20.
Summary of Reconciliation of Liabilities Arising from Financing Activities | Changes in liabilities arising from financing activities
| Interest-bearing loans and borrowings and deferred and contingent consideration € '000s | Lease liabilities € '000s | Total € '000s
At January 31, 2022 | 16,972 |  | 16,249 |  | 33,221 |
Cash outflows | (26,679) |  | (8,222) |  | (34,901) |
Loans assumed in connection with the shares repurchased | 222,345 |  | — |  | 222,345 |
Payments related to the repurchased shares | (224,322) |  | — |  | (224,322) |
Deferred consideration paid | (13,200) |  | — |  | (13,200) |
Effects of movements in exchange rates | 1,875 |  | (306) |  | 1,569 |
Disposals | — |  | (112) |  | (112) |
New leases | — |  | 8,024 |  | 8,024 |
Arising as a result of merger | 671 |  | — |  | 671 |
Arising from business combinations | 23,445 |  | — |  | 23,445 |
Liabilities assumed on business combination | — |  | 671 |  | 671 |
Interest | 96 |  | 955 |  | 1,051 |
At December 31, 2022 | 1,203 |  | 17,259 |  | 18,462 |
Cash inflows | 18,594 |  | — |  | 18,594 |
Arising from business combinations | 120,992 |  | 4,367 |  | 125,359 |
Increase in deferred consideration | 2,714 |  | — |  | 2,714 |
Cash outflows | (139,436) |  | (7,526) |  | (146,962) |
Effects of movements in exchange rates | (1,859) |  | (791) |  | (2,650) |
Disposals | — |  | (341) |  | (341) |
New leases | — |  | 4,410 |  | 4,410 |
Lease modification | — |  | 11,737 |  | 11,737 |
Transfer to Liabilities associated with assets held for Sale | — |  | (2,038) |  | (2,038) |
Other | 15 |  | — |  | 15 |
Interest | 578 |  | 2,068 |  | 2,646 |
At December 31, 2023 | 2,801 |  | 29,145 |  | 31,946 |
Cash outflows | (2,512) |  | (7,951) |  | (10,463) |
Effects of movements in exchange rates | 37 |  | 1,118 |  | 1,155 |
Disposals | — |  | (178) |  | (178) |
New leases | — |  | 44,970 |  | 44,970 |
Other | 78 |  | — |  | 78 |
Interest | — |  | 3,256 |  | 3,256 |
At December 31, 2024 | 404 |  | 70,360 |  | 70,764 |

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