|
Winvia Entertainment PLC on Tuesday said Chief Financial Officer David Perry is stepping down from his role to focus on his next project, while the company expects to post 2025 adjusted earnings that beat market expectations. The London-based technology-led entertainment business is focused on the large and ‘highly fragmented’ UK prize draw market, and the regulated Romanian online gaming market. The firm had started trading on London’s AIM market on November 3. Winvia expects to report 2025 adjusted earnings before interest, tax, depreciation and amortisation of at least £31 million, 6.5% higher than market expectations of £29.1 million and more than doubled from £15.3 million in 2024. Meanwhile, the company announced that Chief Financial Officer David Perry intends to step down to focus on his next project. Winvia said it promoted Chief Commercial Officer Simon Hay to CFO, starting this Sunday, when Perry steps down from the board. Incoming CFO Hay joined Winvia in November. Chief Executive Officer Mihai Manoila said: ‘The group continued to deliver strong growth throughout 2025, providing further evidence of the highly profitable, technology driven business we have built across two fast-growing markets, UK prize draws and online gaming. Our successful IPO was a significant milestone for Winvia. We now have the foundations and capability to accelerate our growth strategy, specifically on the UK Prize Draw business where we see significant opportunities, both organic and inorganic, in a fragmented and fast-growing market where we can implement our technology platform. As we head into a peak trading period, we see a significant opportunity to increase our market share and intend to capitalise on the scale of the opportunities ahead.’ Winvia shares rose 4.0% to 234.00 pence each on Tuesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|