FLUT Flutter Entertainment plc

Overview and Growth

In fiscal 2025, Flutter Entertainment plc recorded $16.38B of revenue, net loss of $310.00M, and an operating cash inflow of $1.18B. At $16.38B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 16.6% from $14.05B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$1.75, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $0.24 in fiscal 2024, the current result was 829.2% lower. Revenue equaled 0.56x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $7.40B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 45.2% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $36.00M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 0.2%, showing how efficiently sales converted into operating profit. The company ended the period with a net loss of $310.00M, extending the operating result through all remaining items. Net margin was -1.9%, reflecting a loss equal to 1.9% of reported revenue. The company reported a pretax loss of $121.00M, before the effect of income taxes. Pretax margin was -0.7%, reflecting a pre-tax loss equal to 0.7% of revenue. The company recognized $286.00M of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 3.3%, placing the bottom-line deficit against shareholder capital. The net loss equaled 1.1% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

Total assets were $29.28B, supported by $19.58B of liabilities and $9.27B of shareholder equity. Current assets were $4.80B against $5.04B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.95x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $1.83B, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 36.2%, excluding receivables and other current assets. The company carried $12.27B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 1.32x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 41.9%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 66.9%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 6.2%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 19.5% higher than fiscal 2024 assets of $24.51B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $1.18B, a reported cash inflow that can be compared directly with net income and capital spending. Capital expenditures used $105.00M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 8.9% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $1.08B of positive free cash flow for the period. Free cash flow represented 6.6% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 3.7% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.