XML 186 R60.htm IDEA: XBRL DOCUMENT v3.25.1
Financial instruments - fair values and risk management (Tables)
 12 Months Ended
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 AmountFair ValueCarrying AmountFair Value
2024
€ '000s
2024
€ '000s
2023
€ '000s
2023
€ '000s
Assets
Regulatory deposits13,015 13,015 11,951 11,951 
Loans receivable853 853 95,809 95,809 
Financial assets
Derivative financial instruments272 272 — — 
Investments in non-listed equity instruments — — 174 174 
Prepayment for sportsbook software1
112,594 112,594 — — 
Trade and other receivables60,281 60,281 97,158 97,158 
Restricted cash8,703 8,703 38,287 38,287 
Cash and cash equivalents372,882 372,882 241,923 241,923 
Fixed term deposits13,180 13,180 — — 
Total581,780 581,780 485,302 485,302 
Liabilities
Lease liabilities70,360 70,360 29,145 29,145 
Derivative financial instruments2,195 2,195 44,656 44,656 
Deferred and contingent consideration368 368 2,714 2,714 
Interest-bearing loans and borrowings36 36 87 87 
Trade and other payables218,812 218,812 162,875 162,875 
Customer liabilities (at fair value through profit/loss)51,108 51,108 67,592 67,592 
Dividends payable72,531 72,531 — — 
Total415,410 415,410 307,069 307,069 
Net166,370 166,370 178,233 178,233 
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:
20242023
Exercise price ($m)12.94.3
Volatility
N/A1
72.66%
Time to expiration (years)
N/A1
0.5
Risk-free rate
N/A1
5.40%
Probability of conditions being met100%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 loansOn demand0.00 %NGNUnspecified

Analysis of loans and borrowings for the year ended December 31, 2023
Facility  Maturity  Interest rate  Currency Facility amount
Other loansOn demand— %NGNUnspecified
Other loansOn demand0.00 %EURUnspecified
Summary of Cash Flows for Financial Liabilities
26Financial 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 liabilities70,360 106,162 8,498 9,224 26,477 61,963 
Contingent consideration368 368 368 — — — 
Interest-bearing loans and borrowings - principal36 36 36 — — — 
Trade payables88,596 88,596 88,596 — — — 
Accruals1
122,615 122,615 122,615 — — — 
Other payables7,601 7,601 7,601 — — — 
Customer liabilities (at fair value through profit/loss)51,108 51,108 51,108 — — — 
Derivative financial instruments2,195 2,195 2,195 — — — 
Dividends payable72,531 72,531 72,531 — — — 
Total415,410 451,212 353,548 9,224 26,477 61,963 
At December 31, 2023
Liabilities
Lease liabilities29,145 43,982 7,881 6,549 11,370 18,182 
Derivative financial instruments2
44,656 44,656 42,600 2,056 — — 
Deferred and contingent consideration2,714 2,714 2,392 322 — — 
Interest-bearing loans and borrowings - principal87 87 87 — — — 
Trade payables80,512 80,512 80,512 — — — 
Accruals1
79,150 79,150 79,150 — — — 
Other payables3,214 3,214 3,214 — — — 
Customer liabilities (at fair value through profit/loss)67,592 67,592 67,592 — — — 
Total307,070 321,907 283,428 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, 202216,972 16,249 33,221 
Cash outflows(26,679)(8,222)(34,901)
Loans assumed in connection with the shares repurchased222,345 — 222,345 
Payments related to the repurchased shares(224,322)— (224,322)
Deferred consideration paid(13,200)— (13,200)
Effects of movements in exchange rates1,875 (306)1,569 
Disposals— (112)(112)
New leases— 8,024 8,024 
Arising as a result of merger671 — 671 
Arising from business combinations23,445 — 23,445 
Liabilities assumed on business combination— 671 671 
Interest96 955 1,051 
At December 31, 20221,203 17,259 18,462 
Cash inflows18,594 — 18,594 
Arising from business combinations120,992 4,367 125,359 
Increase in deferred consideration2,714 — 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)
Other15 — 15 
Interest578 2,068 2,646 
At December 31, 20232,801 29,145 31,946 
Cash outflows(2,512)(7,951)(10,463)
Effects of movements in exchange rates37 1,118 1,155 
Disposals— (178)(178)
New leases— 44,970 44,970 
Other78 — 78 
Interest— 3,256 3,256 
At December 31, 2024404 70,360 70,764