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Winvia Entertainment AIM:WVIA

Founded
1999 · London, England
Incorporated
United Kingdom
Chief executive
Mihai Manoilă
Employees
254
Reports in
GBP
Companies House
03755182

Technology-led entertainment group combining the UK's second-largest prize draw competition business (Best of the Best and Click Competitions brands) with profitable regulated online gaming in Romania (PrincessCasino.ro, Luck.com). Formed in 2024 by combining Crowd Entertainment with the former Best of the Best business and re-admitted to AIM in November 2025.

Consumer DiscretionaryPrize draws and online gaming
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

288p at close on 2 Oct 2026 · 12 reported years, 2015–2025

Years in viewFY2015 – FY2026
2 Oct 2026288p+32.2% since 3 Nov 2025
288p
LineFY201504/15FY201604/16FY201704/17FY201804/18FY201904/19FY202004/20FY202104/21FY202204/22FY202304/23FY202312/23FY202412/24FY202512/25FY2026unreported
Revenuelater 14.1
Gross profitlater 11.4
Operating profitlater 2.3
Adjusted operating profit—————————
Exceptional items——————later 0.59
Net finance cost
Profit before taxlater 2.4
Tax chargelater 0.44
Profit for the yearlater 2.0
EBITDA
Basic EPS—
Diluted EPS—
Adjusted EPS—————————
Dividend per share————————

GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.

2 figures

11 years, at a glance

GBP · %
050m100m150m200m0%10%20%30%40%FY2015FY2025

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2025Revenue£170mOperating margin7.0%
The latest report

FY2025 annual report

year to 31 Dec 2025 · approved 18 May 2026 · 121 pages · Companies House

Open the reportJSONComing soon
Next report9 Jul 2027for the year to 31 Dec 2026, the date the register holds, plus this company's usual gap to publication
Sixty seconds on this reportPlaceholder

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From the reportevery line sits on the page it names
What drove revenue

Growth in Prize Draw active customers and new registrations (+94% and +74% respectively)

Active customers rose to 1.7m (FY24: 0.9m); new user registrations to 1.5m (FY24: 0.9m)

page 15
And

BOTB Pass subscription model launched July 2025

9% of monthly BOTB revenue at year-end and growing; subscription revenue reached >20% of monthly revenue by 31 March 2026

page 5
What moved the margintailwind

Adjusted EBITDA margin improvement from operating leverage

Adjusted EBITDA +103.5% to £31.2m on revenue +23.5%, reflecting operating leverage in the technology platform and B2B revenue at high incremental margin with minimal incremental operating cost

page 33
Andheadwind

Romanian gambling duty increase (21% to 30%, August 2025)

Group mitigated the duty increase through proactive marketing cost management

page 33
One-offs in the year

£8.2m charge: IPO costs

page 94
What management said

Trading in the first quarter of 2026 has continued to be strong and the Group is firmly on track to meet the Board's full year expectations, with net revenue as at 31 March 2026 ahead of the same period last year. Monthly recurring revenue from subscriptions continues to accelerate and, as of 31 March 2026, now contributes in excess of 20% of monthly revenue, ahead of plan.

page 16
After the year end

18 May 2026: Group entered an asset purchase agreement to acquire the trade, business and certain assets (excluding liabilities, cash and trade receivables) of Rev Corp Limited (trading as Rev Comps) for expected consideration of £11.79m, payable in instalments (45% completion, 34% at 12 months, 21% deferred to second anniversary), plus earnout based on adjusted PBT growth in FY2027/FY2028 vs Rev Comp's audited accounts for year ended 31 May 2026

page 113
The dividend

Maiden final dividend of 5.9 pence per share proposed, based on the financial performance of the Group in 2025, payable 1 July 2026 to shareholders on the register at 5 June 2026, subject to AGM approval; policy reflects a commitment to shareholder returns balanced with continued investment in product, prizes and technology

page 34
Going concern and the audit

Directors adopted the going concern basis after reviewing cash flow forecasts to 31 December 2027, including severe but plausible downside scenarios; Group met both bank covenant tests at 31 December 2025 (net bank debt/EBITDA and net bank debt/equity). Auditor BDO LLP issued an unqualified opinion with a going concern conclusion and no material uncertainty; sole key audit matter was fraud risk in B2C revenue recognition through inappropriate journal adjustments, on which no material exceptions were found; Group materiality was £1.35m (4.5% of Adjusted EBITDA)

page 69
The risks it names first
  • Planned M&A not completed or integrated successfullyp.41
  • Intensifying competitive landscape in UK prize draw and Romanian online gaming marketsp.41
  • Dependence on key executives and ability to retain or hire skilled personnelp.42
  • Attracting new and retaining existing customers (high churn in active player base)p.42

Read from C001417-AR-2025-ch.

Filings

11 annual reports read, FY2016 to FY2025

Open a year to see what its report said. Every line in it carries the page it was read from.

Sources: Companies House (11)

  1. FY2026Next report expected 9 Jul 2027

Every figure above,
back to the page it was printed on