Svenska Spel, casino operator from Sweden, has reported notable growth in both net gaming revenue and operating profit for the 2025 financial year. Despite challenges, including the closure of its land-based casinos, the Swedish gaming operator exceeded its financial targets, posting a 10% increase in operating profit and a rise in net gaming revenue.

CEO Anna Johnson praised the company’s progress, emphasizing that the results were driven by successful digital transformations and strong performances in key business areas. “The end of the year is characterized by a continued positive earnings trend and we are exceeding our financial targets for 2025,” she commented. This financial success led to the proposal of a SEK 1.8 billion dividend, reflecting a significant increase from the previous year’s SEK 1.6 billion.

Strong Financial Growth Across Key Segments

For the full year of 2025, Svenska Spel achieved SEK 7.69 billion in net gaming revenue, which represents a 2% growth from SEK 7.57 billion in 2024. As stated in a press release, the company also saw an increase in operating profit, which rose to SEK 2.54 billion from SEK 2.32 billion in 2024. This boost in profits was accompanied by a 33% operating margin, up from 31% the previous year.

During the fourth quarter, net gaming revenue grew by 2%, reaching SEK 2.13 billion. This increase was largely driven by the continued success of the company’s lotto and sports and casino gaming products. Operating profit for the quarter saw an even stronger increase, rising by 16% to SEK 641 million. Net profit for Q4 also saw a 9% increase, totaling SEK 525 million.

Svenska Spel’s strong performance in online gaming was another highlight, as online revenues grew by 7%, now accounting for 62% of total revenues compared to 60% in the previous year.

In 2025, the company faced significant challenges following the Swedish government’s decision to shut down its land-based casino operations. The final closure of Casino Cosmopol in Stockholm in April 2025 marked the end of an era for the operator’s physical venues. The decision came after legislation passed banning land-based casinos in Sweden starting in 2026. Despite this setback, Svenska Spel has successfully adapted by shifting its focus to online gaming, which has shown steady growth.

This shift to digital channels, including lotto and sports betting, has helped offset losses from its land-based operations. Notably, the company’s Sport & Casino segment saw a 2% increase in net gaming revenue, driven by growth in online casino offerings. The successful relaunch of Lotto in Q3 2025 also contributed significantly to the company’s performance in the fourth quarter.

Investments in Innovation and Technology

CEO Anna Johnson highlighted that Svenska Spel’s investments in technological advancements and organizational transformation were crucial to the company’s success in 2025. These efforts were part of a broader strategy to ensure the company remains competitive and continues to meet its strategic goals of providing sustainable growth, healthy gaming experiences, and high customer satisfaction.

Johnson reflected on the company’s ongoing efforts to build a long-term value proposition for its customers and stakeholders, saying, “2025 has been a year marked by investments in growth and transformation of technology, organisation and culture to strengthen Svenska Spel and create long-term value.”

Given the strong performance, Svenska Spel has proposed a SEK 1.8 billion dividend, which would mark an increase from the previous year’s dividend of SEK 1.6 billion. This dividend payout highlights the company’s strong financial standing and commitment to delivering value to shareholders, even as it continues to adapt to regulatory changes and industry trends.