REVENUE AND EXPENSES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Notes and other explanatory information [abstract] |
|
| Disclosure of groups revenues |
| Disclosure of groups revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Online sports betting |
|
|
78,866 |
|
|
|
83,408 |
|
|
|
72,176 |
|
| Online casino wagering |
|
|
131,007 |
|
|
|
117,245 |
|
|
|
89,461 |
|
| Others |
|
|
534 |
|
|
|
51 |
|
|
|
10 |
|
| Total |
|
|
210,407 |
|
|
|
200,704 |
|
|
|
161,647 |
|
|
| Disclosure of geographical revenue |
| Disclosure of geographical revenue |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Spain |
|
|
90,533 |
|
|
|
87,778 |
|
|
|
75,669 |
|
| Mexico |
|
|
107,221 |
|
|
|
95,699 |
|
|
|
73,315 |
|
| Others |
|
|
12,653 |
|
|
|
17,227 |
|
|
|
10,302 |
|
| Total |
|
|
210,407 |
|
|
|
200,704 |
|
|
|
161,647 |
|
|
| Disclosure personnel expenses |
| Disclosure personnel expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Wages, salaries and similar |
|
|
13,304 |
|
|
|
11,671 |
|
|
|
11,374 |
|
| Social security contributions payable by Codere Online |
|
|
1,921 |
|
|
|
1,673 |
|
|
|
1,239 |
|
| Other social contributions |
|
|
9,779 |
|
|
|
5,440 |
|
|
|
4,824 |
|
| Total |
|
|
25,004 |
|
|
|
18,784 |
|
|
|
17,437 |
|
|
| Disclosure of depreciation and amortization |
| Disclosure of depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Depreciation of property, plant and equipment (Note 5) |
|
|
121 |
* |
|
|
136 |
|
|
|
114 |
|
| Amortization of intangible assets |
|
|
- |
|
|
|
10 |
|
|
|
- |
|
| Amortization of right-of-use assets (Note 6) |
|
|
524 |
* |
|
|
242 |
|
|
|
- |
|
| Total |
|
|
645 |
|
|
|
388 |
|
|
|
114 |
|
|
* |
The difference between
the amounts presented herein and the depreciation expense disclosed in Note 5 and the amortization expense in Note 6 arises from
using different FX rates: period-end rates for statement of financial position and average rates for statement of
operations. |
|
| Disclosure of other operating expenses |
| Disclosure of other operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Gaming taxes |
|
|
21,294 |
|
|
|
19,863 |
|
|
|
16,281 |
|
| Leases |
|
|
32 |
|
|
|
234 |
|
|
|
528 |
|
| Utilities, repairs and maintenance |
|
|
1,164 |
|
|
|
1,060 |
|
|
|
1,432 |
|
| Professional services and other expenses |
|
|
62,709 |
|
|
|
62,957 |
|
|
|
59,203 |
|
| Casino license royalties |
|
|
8,325 |
|
|
|
7,732 |
|
|
|
6,279 |
|
| Marketing expenses |
|
|
85,496 |
|
|
|
85,355 |
|
|
|
75,127 |
|
| Total |
|
|
179,020 |
|
|
|
177,201 |
|
|
|
158,850 |
|
|
| Disclosure of finance income cost |
| Disclosure of finance income cost |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Finance income/(cost), net |
|
|
342 |
|
|
|
603 |
|
|
|
1,815 |
|
| Exchange rate impact |
|
|
(5,027 |
) |
|
|
(6,519 |
) |
|
|
(1,618 |
) |
| Argentina Hyperinflation Impact |
|
|
3,249 |
|
|
|
8,990 |
|
|
|
5,292 |
|
| Decrease/(Increase) in Fair Value of Public Warrants (Note 11) |
|
|
(719 |
) |
|
|
(3,310 |
) |
|
|
890 |
|
| Lease finance interest under IFRS 16 (Note 6) |
|
|
(188 |
) |
|
|
(105 |
) |
|
|
- |
|
| Short term investment gain |
|
|
25 |
|
|
|
1,382 |
|
|
|
1,020 |
|
| Related parties debt restructuring |
|
|
- |
|
|
|
- |
|
|
|
(1,573 |
) |
| Others |
|
|
(108 |
) |
|
|
- |
|
|
|
- |
|
| Total |
|
|
(2,426 |
) |
|
|
1,041 |
|
|
|
5,826 |
|
|
| Disclosure of basic and diluted earnings per share |
| Disclosure of basic and diluted earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
12/31/2025 |
|
|
12/31/2024 |
|
|
12/31/2023 |
|
| Net income/(loss) attributable to the equity holders of the Company |
|
|
1,292 |
|
|
|
3,908 |
|
|
|
(2,417 |
) |
| Weighted average number of shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
45,495,139 |
|
|
|
45,482,726 |
|
|
|
45,273,438 |
|
| Diluted |
|
|
45,887,660 |
|
|
|
46,068,846 |
|
|
|
45,273,438 |
|
| Basic earnings per share (euros) |
|
|
0.03 |
|
|
|
0.09 |
|
|
|
(0.05 |
) |
| Diluted earnings per share (euros) |
|
|
0.03 |
|
|
|
0.08 |
|
|
|
(0.05 |
) |
|