Codere Online Luxembourg, S.A. released its unaudited interim consolidated financial statements for the six months ended June 30, 2024, on December 30, 2024. The company reported positive equity of €18.9 million as of June 30, 2024, and positive working capital amounting to €15.4 million.
Despite these positive balance sheet indicators, Codere Online incurred net losses of €0.3 million for both the six-month periods ended June 30, 2024, and June 30, 2023. The company held €40.4 million in cash and cash equivalents as of June 30, 2024.
As part of an internal reorganization, Codere (Gibraltar) Marketing Services LTD was liquidated on January 17, 2024, and Codere Online Management Services LTD (Malta) was liquidated effective December 1, 2023. The liquidation of the Malta operating entity, Codere Online Operator LTD, is in process and expected to be effective August 28, 2024, with no material impact anticipated.
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