Codere Online Q2 2025 Financial Results - Net Loss of €3.1 Million

Codere Online Luxembourg, S.A. filed its unaudited interim condensed consolidated financial statements for the six months ended June 30, 2025. The company reported revenue of €105.3 million, representing a 3.2% increase from €102.1 million in the same period last year. However, the company incurred a net loss of €3.1 million, significantly higher than the €0.3 million loss in the prior year period. Operating income declined to €3.0 million from €1.6 million, while finance costs increased substantially to €4.9 million from €1.0 million. The company's total assets decreased to €69.6 million from €74.5 million at year-end 2024, with cash and cash equivalents improving to €45.1 million. Equity attributable to equity holders declined to €20.4 million from €24.1 million. The financial statements show segment performance with Spain generating €7.4 million in operating income while Mexico reported an €0.9 million operating loss. The company continues to operate under the going concern principle, citing adequate resources to continue operations for the next twelve months despite recurring losses.