April 30, 2025
Supreme Ventures Limited(SVL)
Unaudited financials for the first quarter ended March 31, 2025:
Supreme Ventures Limited (SVL), for the first quarter ended March 31, 2025, reported a 4% increase in Total Gaming Income from $13.25 billion in 2024 to $13.83 billion in 2025. Gross ticket sales were $31.03 billion (Q1 2024: $28.69 billion) on SVL’s core product line of Lottery.
Revenue from non-fixed odd wagering games, horse racing, and pin codes rose by 5%, reaching $8.45 billion in the first quarter of 2025, up from $8.05 billion in the previous year. This increase reflects steady consumer participation and engagement growth across these gaming categories according to the Company.
Additionally, Income generated from fixed-odds wagering games, after accounting for prize payouts, experienced a 3% increase, totaling $5.37 billion in 2024 compared to $5.20 billion in 2024. SVL noted that total revenue across all of their main operating segments grew, whilst their payout ratios exceeded 70% on core lottery products. Management stated that, “this underlines out commitment to providing our customers with a positive gaming experience and life changing returns on their investment.”
Direct Expenses rose 4% to $10.67 billion (2024: 10.29 billion). Gross Profit for the quarter ended March 31, 2025, inched up 6% to $3.22 billion (2024: $3.04 billion).
Selling, general and administrative expenses for the three months increased 32% to $2.22 billion (2024: $1.68 billion).
Operating Profit for the quarter ended March 31, 2025, decreased 33% to $952.94 million (2024: $1.43 billion).
Finance Costs for the three months slid 2% to $220.23 million (2024: $225.84 million).
Profit before taxation for the three months decreased 39% to $732.72 million (2024: $1.20 billion). Taxation for the three months decreased 35% to $217.10 million (2024: $334 million).
Profit Attributable to shareholders for the three months decreased by 40% to $515.62 million (2024: 855.92 million).
Consequently, Earnings Per Share for the three months amounted to $0.20 (2024: EPS: $0.32). The twelve-month trailing EPS was $0.55, and the number of shares used in these calculations was 2,637,254,926.
Notably, SVL’s stock price closed the April 30, 2025, trading period for $19.99 with a corresponding P/E ratio of 36.26x.
Balance Sheet Highlights
The Company’s assets totaled $20.78 billion (2024: $22.15 billion). The Company’s balance sheet decline is mainly due to a reduction in cash and bank balances, which closed at $1.20 billion. Additionally, inventories fell to $183.87 million compared to $433.90 million in the prior year.
Shareholder’s equity was $5.03 billion (2024: $5.12 billion), representing a book value per share of $1.91 (2024: $1.94).
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