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Pollard Banknote (TSE:PBL)
TSX:PBL
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.43Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -8.37%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
Pollard Banknote's first quarter of 2025 showcased strong financial performance with significant growth in sales and net income, driven by successful iLottery implementation and joint venture achievements. However, challenges such as decreased instant ticket sales volumes, regulatory impacts on eTabs, and competitive pressures in Michigan iLottery tempered the overall performance.Company Guidance
During the first quarter of 2025, Pollard Banknote Limited reported robust financial performance and significant operational milestones, contributing to their strategic goal of being a leader in the lottery and charitable gaming sectors. The company achieved traditional GAAP sales of $146.2 million, an increase from $125.7 million in the same period last year. The combined sales revenue, including their NeoPollard joint venture, reached $177 million compared to $151.2 million the previous year. Key drivers for this growth included a $17.1 million rise in instant ticket average selling prices and increased charitable gaming volumes by $4.4 million. Adjusted EBITDA rose to $30.6 million from $23.7 million, with net income increasing to $11.7 million, up from $6.9 million. The successful launch of the Kansas iLottery solution on February 13, 2025, illustrated Pollard's technological capabilities and leadership in the iLottery space, despite initial start-up costs affecting gross margins. The company also saw a $4 million rise in income from their NeoPollard joint venture, driven by strong eInstants sales in Virginia and North Carolina. Additionally, Pollard completed the acquisition of Pacific Gaming, enhancing their product offerings in the charitable gaming market. Overall, the company remains optimistic about its growth prospects, particularly in digital areas like iLottery and eInstants.Strong Financial Performance
Pollard Banknote achieved traditional GAAP sales of $146.2 million compared to $125.7 million in the first quarter of 2024, with combined sales revenue including the NeoPollard joint venture reaching $177 million compared to $151.2 million last year.
iLottery Expansion Success
Successful implementation and start-up of the Kansas iLottery solution, the fastest rollout in North America, showcasing Pollard's expertise in the lottery market.
NeoPollard Interactive Joint Venture
Record results were achieved in Q1 2025, with strong eInstants sales, especially in Virginia and North Carolina, leading to a $4 million increase in income from the joint venture.
Higher Average Selling Price
Significantly higher instant ticket average selling price increased sales by $17.1 million compared to 2024, mainly due to an increase in proprietary product sales and repriced contracts.
Adjusted EBITDA Growth
Adjusted EBITDA increased to $30.6 million in the first quarter compared to $23.7 million last year, driven by higher gross profit and increased equity investment income.
Positive Net Income Trend
Net income rose to $11.7 million from $6.9 million in the first quarter of 2024, with net income per share doubling from $0.26 to $0.43.
TSE:PBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:PBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$20.30 | C$20.03 | -1.33% |
Mar 10, 2025 | C$24.79 | C$21.64 | -12.71% |
Nov 13, 2024 | C$23.52 | C$25.98 | +10.46% |
Aug 13, 2024 | C$18.68 | C$20.48 | +9.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pollard Banknote (TSE:PBL) report earnings?
Pollard Banknote (TSE:PBL) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Pollard Banknote (TSE:PBL) earnings time?
Pollard Banknote (TSE:PBL) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PBL EPS forecast?
TSE:PBL EPS forecast for the fiscal quarter 2025 (Q2) is 0.45.