Swedish gaming technology giant Evolution AB has announced a new €2 billion share buyback programme aimed at optimizing its capital structure and increasing shareholder value.
The company’s board approved the initiative following authorization granted at the 2026 Annual General Meeting. Under the programme, Evolution will repurchase its own shares on Nasdaq Stockholm and other regulated markets in line with EU market abuse and safe harbour regulations.
Evolution said the buybacks will begin immediately and continue until the full €2 billion allocation has been used or until the board decides otherwise. The repurchased shares are expected to support a reduction in the company’s share capital.
At present, Evolution has around 199.2 million shares outstanding and does not hold any treasury shares. Under Swedish corporate rules, the company can own a maximum of 10% of its own shares at any given time, meaning it could repurchase up to roughly 19.9 million shares through the programme.
The company also revealed it has secured a €300 million revolving credit facility from J.P. Morgan and Citibank Europe plc to preserve financial flexibility during the buyback process. The facility carries a three-year term with options for two one-year extensions.
Evolution stated that while it intends to maintain a net cash position over time, the scale of the repurchase programme represents a significant adjustment to its capital structure. The company added that if the treasury share limit is reached before the full €2 billion is deployed, the board may call an extraordinary general meeting to cancel repurchased shares and continue the programme.
Founded in 2006, Evolution has grown into one of the world’s largest B2B providers of online casino solutions, serving around 870 operators globally and employing nearly 22,900 people across studios in Europe, Asia, and the Americas.