Pollard Banknote Reports Strong Q2 2026 Growth on Digital and Charitable Gaming Strength
Event summary
- Pollard Banknote reported Q2 2026 revenue of $154.8 million, up 8.5% year-over-year.
- Adjusted EBITDA increased by 6.5% to $31.1 million compared to Q2 2025.
- Gross margin percentage improved to 18.1% from 16.7% in the same period last year.
- Colorado Lottery published a notice of intent to award Pollard their lottery digital solution contract.
- Board authorized a Normal Course Issuer Bid (NCIB) to purchase up to 967,000 common shares.
The big picture
Pollard Banknote's Q2 2026 results highlight the company's strategic shift towards digital solutions and charitable gaming, areas showing robust growth. The Colorado Lottery contract win reinforces Pollard's position as a leading provider of iLottery technology. With improving manufacturing efficiencies and strong demand for eTab products, the company is well-positioned to capitalize on industry trends favoring digital transformation in gaming.
What we're watching
- Digital Strategy Execution
- How Pollard's third iLottery contract win in two years will impact its digital revenue stream and market positioning.
- Manufacturing Efficiency Gains
- Whether the company can sustain improved manufacturing processes to drive further cost reductions and margin expansion.
- Charitable Gaming Demand
- The pace at which new jurisdictions adopt eTab technology, given strong revenue trends in Minnesota.
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