Announcement • May 09
Codere Online Luxembourg, S.A. Reiterates Earnings Guidance for the Year 2026 Codere Online Luxembourg, S.A. reiterated earnings guidance for the year 2026. For the year, the company expects net gaming revenue of €235 million - €245 million. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • May 01
Full year 2025 earnings released: EPS: €0.03 (vs €0.086 in FY 2024) Full year 2025 results: EPS: €0.03 (down from €0.086 in FY 2024). Revenue: €210.4m (up 4.8% from FY 2024). Net income: €1.29m (down 67% from FY 2024). Profit margin: 0.6% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in South America. Announcement • Apr 30
Codere Online Luxembourg, S.A. to Report Q1, 2026 Results on May 07, 2026 Codere Online Luxembourg, S.A. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 07, 2026 Board Change • Apr 17
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Laurent Teitgen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Feb 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Laurent Teitgen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 10
Codere Online Luxembourg, S.A. to Report Q4, 2025 Results on Feb 26, 2026 Codere Online Luxembourg, S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Board Change • Feb 06
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Laurent Teitgen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Dec 24
First half 2025 earnings released: €0.069 loss per share (vs €0.006 loss in 1H 2024) First half 2025 results: €0.069 loss per share (further deteriorated from €0.006 loss in 1H 2024). Revenue: €105.3m (up 3.2% from 1H 2024). Net loss: €3.15m (loss widened €2.90m from 1H 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in South America. Board Change • Dec 22
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Laurent Teitgen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Dec 09
Codere Online Luxembourg, S.A. Appoints Gaetan Dumont to the Board of Directors, Effective December 9, 2025 Codere Online Luxembourg, S.A. held an extraordinary shareholders' meeting on December 9, 2025, with a single resolution to appoint with immediate effect Mr. Gaetan Dumont to the Board of Directors. The resolution submitted to the Company's shareholders at the above meeting was duly approved. Announcement • Nov 19
Codere Online Luxembourg, S.A. Reiterates Earnings Guidance for the Year 2025 Codere Online Luxembourg, S.A. reiterated earnings guidance for the year 2025. For the year, the company expects net gaming revenue of €220 million - €230 million. Announcement • Nov 18
Codere Online Announces Executive Changes, Effective November 17, 2025 Codere Online announced that Marcus Arildsson has been appointed Chief Financial Officer, effective November 17, 2025. Mr. Arildsson will succeed Oscar Iglesias, who, as part of the previously announced transition, will assist with an orderly handover and is expected to join the Company’s Board of Directors, subject to the approval of shareholders at an Extraordinary General Meeting scheduled for December 1st. Mr. Arildsson is a senior finance executive with over 25 years of international experience across investment banking, equity markets and corporate finance. He began his career at Lehman Brothers and Merrill Lynch in London, executing over €9 billion in cross-border M&A, IPO, and equity-linked transactions. He later spent 12 years at Arcano Partners in Madrid, advising corporates and financial sponsors on more than €5 billion in M&A, debt and equity transactions. He has since held CFO and executive committee roles at Millenium Hospitality Real Estate, a listed REIT with a €700 million portfolio, Sonae Sierra and Ladorian, a retail media technology company. Mr. Arildsson holds an MBA from Northwestern University’s Kellogg School of Management and a BBA from James Madison University. He is fluent in English, Spanish and Swedish. Announcement • Sep 03
Oscar Iglesias to Step Down as CFO of Codere Online Luxembourg, S.A., Effective Upon the Earlier of the Completion of an Orderly Transition to His Successor or December 31, 2025 On August 28, 2025, Oscar Iglesias, the Chief Financial Officer of Codere Online Luxembourg, S.A., notified the Company of his decision to step down from his role at the Company for personal reasons, effective upon the earlier of the completion of an orderly transition to his successor or December 31, 2025. Mr. Iglesias’ decision to step down from his role at the Company is voluntary and not due to any disagreement with the Company, the Board, or management on any matter relating to the Company’s operations, policies or practices. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 31
Codere Online Luxembourg, S.A. Reiterates Its Earnings Outlook for the Year 2025 Codere Online Luxembourg, S.A. reiterated its earnings outlook for the year 2025. For the year, the company expects net gaming revenue of €220-230 million. Announcement • Jul 10
Codere Online Luxembourg, S.A. to Report Q2, 2025 Results on Jul 31, 2025 Codere Online Luxembourg, S.A. announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jul 02
Codere Online Luxembourg, S.A. Announces Board Changes T In the Board of Directors meeting held earlier this month ahead of the AGM of Codere Online Luxembourg, S.A., A.G. Burnett was appointed as Chairman of the Compliance Committee, effective July 1, 2025. Rafael Catalá and Yaiza Rodríguez will continue to serve as members. Mr. Burnett brings over 20 years of experience in gaming regulation and law, including his service as Chairman and Executive Director of the Nevada Gaming Control Board (“GCB”) from 2012 to 2017. Prior to that, he served as a Board Member and Deputy Chief of the GCB’s Corporate Securities Division, as well as Senior Deputy Attorney General representing the GCB and the Nevada Gaming Commission. Mr. Burnett is a recognized professional in gaming law, regulatory compliance, enforcement, legislative affairs, AML, and sports betting law and regulation. He currently serves as a Partner at McDonald Carano, where he advises gaming clients on a wide range of regulatory and compliance matters. A graduate of Gonzaga University School of Law, Mr. Burnett holds leadership and advisory roles with several industry groups, including the International Association of Gaming Advisors, the International Masters of Gaming Law, and the UNLV’s Boyd School of Law Gaming Law Advisory Board. Mr. Burnett succeeds Mark Dunn as chairman of the Compliance Committee. Announcement • Jun 10
Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2025 Codere Online Luxembourg, S.A., Annual General Meeting, Jun 30, 2025. Announcement • May 16
Codere Online Luxembourg, S.A. Announces Earnings Guidance for the Year 2025 Codere Online Luxembourg, S.A. announced earnings guidance for the year 2025. For the year, the company reiterated net gaming revenue of EUR 220- EUR 230 million. Board Change • Mar 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 1 independent director (5 non-independent directors). Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. Independent Director Daniel Valdez-Franco was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 21
Codere Online Luxembourg, S.A. Provides Earnings Guidance for the Full Year 2025 Codere Online Luxembourg, S.A. provided earnings guidance for the full year 2025, For the year, the company expects net gaming revenue of €220 million to €230 million. Announcement • Feb 20
Codere Online Luxembourg, S.A. (NasdaqCM:CDRO) announces an Equity Buyback for $5 million worth of its shares. Codere Online Luxembourg, S.A. (NasdaqCM:CDRO) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program is subject to shareholder approval at the general meeting convened on March 3, 2025. The program will run over a period of one year. Announcement • Feb 13
Codere Online Luxembourg, S.A. to Report Q4, 2024 Results on Feb 20, 2025 Codere Online Luxembourg, S.A. announced that they will report Q4, 2024 results on Feb 20, 2025 Announcement • Dec 14
Codere Online Luxembourg, S.A. Announces Executive Changes On December 12, 2024, the Board of Directors of Codere Online Luxembourg, S.A. appointed Laurent Teitgen as a member of both the Board and the Audit Committee of the Board, effective immediately. Mr. Teitgen previously served as a member of the Board from November 2021 to June 2024 and brings further experience in the online gaming sector from NeoGames S.A., where he served as a member of both its board of directors and audit committee from April 2017 to April 2024. Mr. Teitgen holds a B.A. in Accounting and Financial Management with a specialization in Accounting Review from Université de Lorraine, IUT Henri Poincaré, France. Mr. Teitgen will fill one of the vacancies created by Taavi Davies and Claude Noesen, who resigned from their position as members of the Board on December 9, 2024. Messrs. Davies and Noesen’s resignations were not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Announcement • Nov 27
Codere Online Luxembourg, S.A. Provides Net Gaming Revenue Guidance for the Full Year 2024 Codere Online Luxembourg, S.A. provided net gaming revenue guidance for the full year 2024. Company expects to finish the year in the upper part of full year 2024 net gaming revenue outlook of €205 - 215 mm. Announcement • Nov 22
Codere Online Luxembourg, S.A. to Report Q3, 2024 Results on Nov 27, 2024 Codere Online Luxembourg, S.A. announced that they will report Q3, 2024 results on Nov 27, 2024 Board Change • Nov 21
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. Independent Director Daniel Valdez-Franco was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 29
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Executive Vice Chairman of the Board Moshe Edree is the most experienced director on the board, commencing their role in 2022. Independent Director Daniel Valdez-Franco was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 31
Codere Online Luxembourg, S.A. Increases Net Gaming Revenue Guidance for the Full Year 2024 Codere Online Luxembourg, S.A. increased net gaming revenue guidance for the full year 2024. for the year, the company increased net gaming revenue outlook to €205 million- €215 million. Announcement • Jul 17
Codere Online Luxembourg, S.A. to Report Q2, 2024 Results on Jul 31, 2024 Codere Online Luxembourg, S.A. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Announcement • Jul 02
Codere Online Announces Changes to its Board of Directors Codere Online have been appointed as directors for an initial term of one year, replacing Patrick Ramsey, Michal Elimelech, and Laurent Teitgen. Changes to Board Committees, In the Board of Directors meeting held last week ahead of the AGM, the following changes to the Company's Committees were approved: Audit Committee - Appointment of Claude Noesen as member. Borja Fernandez and Daniel Valdez will continue to serve as Chairman and member, respectively. Compliance Committee - Appointment of Mark Dunn as Chairman and Taavi Davies as member. Rafael Catala and Yaiza Rodriguez will continue to serve as members. Announcement • Jun 26
Codere Online Announces Board Changes Codere Online announced the favorable resolution of all 21 agenda items at the Annual General Meeting held at the registered office of the Company, including the appointment of three new members to its Board of Directors. Mr. Gabriel Saenz de Buruaga, Mr. Taavi Davies and Mr. Claude Noesen have been appointed as directors for an initial term of one year, replacing Mr. Patrick Ramsey, Ms. Michal Elimelech, and Mr. Laurent Teitgen. In the Board of Directors meeting held last week ahead of the AGM, the following changes to the Company’s Committees were approved: Audit Committee - Appointment of Mr. Claude Noesen as member. Mr. Borja Fernández and Mr. Daniel Valdez will continue to serve as Chairman and member, respectively. Compliance Committee – Appointment of Mr. Mark Dunn as Chairman and Mr. Taavi Davies as member. Mr. Rafael Catalá and Ms. Yaiza Rodríguez will continue to serve as members. Announcement • May 12
Codere Online Luxembourg, S.A. to Report Q1, 2024 Results on May 15, 2024 Codere Online Luxembourg, S.A. announced that they will report Q1, 2024 results Pre-Market on May 15, 2024 Announcement • May 03
Codere Online Luxembourg, S.A. announced delayed 20-F filing On 05/01/2024, Codere Online Luxembourg, S.A. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Feb 15
Codere Online Luxembourg, S.A. to Report Q4, 2023 Results on Feb 29, 2024 Codere Online Luxembourg, S.A. announced that they will report Q4, 2023 results on Feb 29, 2024 Board Change • Jan 10
High number of new directors Director Michal Elimelech was the last director to join the board, commencing their role in 2023. 
