v3.26.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases  
Schedule of assets lease
                                           
Category   Lessee   Country     CCY     Start date     End date     Lease duration (months)     Rent
Amount
(Monthly)
(EUR)(*)		  
Main Israel office lease (unit n2)   Codere Israel Marketing Support Services Limited   Israel     ILS     01/07/24     28/10/29       64       32,400  
Melilla Office   Codere Online, S.A.U. (CDON)   Spain     EUR     19/04/2024     19/04/2028       48       10,000  
Vehicles leasing   Servicios de Juego Online S.A.U. (SEJO)   Spain     EUR     01/2024 – 04/2024     03/2028 – 01/2029       51 – 58       594 – 740  
Israel office additional lease (unit n3)   Codere Israel Marketing Support Services Limited   Israel     ILS     01/01/2025     28/10/2029       58       6,427  
Bogota office  

Codere Online Colombia S.A.S.

   Colombia     CCOP     01/11/2025     31/10/2030       60       6,342  

 

 
* These figures are not presented in thousands of euros.
Schedule of right-of-use assets
                               
Cost   Balance at
12/31/2024		     Additions     Derecognitions     Balance at
12/31/2025		  
Right of use assets     2,200       570       -       2,770  
Total     2,200       570       -       2,770  
Accumulated depreciation (Note 13)                                
                                 
Right of use assets     (243 )     (506 )*     -       (749 )
Total     (243 )     (506 )     -       (749 )
Carrying amount     1,957       63       -       2,021  

 

 
* The difference between the depreciation expense disclosed in Note 6 and Note 13 arises from using different FX rates: period-end rates for statement of financial position and average rates for statement of operations.
Schedule of lease liabilities
       
Maturity Analysis:   12/31/2025  
Year 1     698  
Year 2     698  
Year 3     609  
Year 4     541  
Year 5     63  
Onwards     -  
Total future lease payments     2,609  
Less: unearned interest     490  
Lease Liabilities as of December 31, 2025     2,119  
Analyses as:        
Non-Current     1,615  
Current     504  
Depreciation of right-of-use assets
       
    12/31/2025  
Depreciation of right-of-use assets     524  
Lease Finance Interest     188  
Operating expenses (short term and low-value leases)     32  
Total     744  

 

The total cash outflow for leases amount to €0.7 million.

 

For the year ended 31 December 2024, Codere Online recognized the following lease-related expenses in the statement of profit or loss:

 

       
    12/31/2024  
Depreciation of right-of-use assets     (242 )
Lease Finance Interest     (105 )
Operating expenses (short term and low-value leases)     (234 )
Total     (581 )

 

The total cash outflow for leases amount to €0.3 million in 2024.