Company: BRSL
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001619762-25-000017
Chunk: 24

Company: Brightstar Lottery PLC
Filing Date: 2025-05-13
Form: 6-K
Chunk 24
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 mainly attributable to a reduction in service revenue, as discussed above, notably from LMA incentive revenues, which affect the revenue without a corresponding decrease in costs.

Gross margin on product sales for the three months ended March 31, 2025 decreased compared to the same period last year. This decline is primarily due to reduced product sales, as discussed above, and a less favorable product mix. Specifically, there was a decrease in higher-margin systems and software sales and an increase in lower-margin ticket printing sales.

#### Operating expenses
|                                                                                                                |     | For the three months ended March 31, | 2025 |     |   | 2024 |     |   | Change |     |   |    |
|:---------------------------------------------------------------------------------------------------------------|:----|:-------------------------------------|-----:|:----|:--|-----:|:----|:--|-------:|:----|:--|---:|
| ($ in millions)                                                                                                |     | $                                    |      |     | $ |      |     | $ |        |     | % |    |
| Selling, general and administrative                                                                            |     |                                      |  104 |     |   |  102 |     |   |      2 |     |   | +2 |
| Selling, general and administrative expenses remained relatively stable compared to the same period last year. |     |                                      |      |     |   |      |     |   |        |     |   |    |

|                                                                                          |     | For the three months ended March 31, | 2025 |     |   | 2024 |     |   | Change |     |   |    |
|:-----------------------------------------------------------------------------------------|:----|:-------------------------------------|-----:|:----|:--|-----:|:----|:--|:-------|:----|:--|---:|
| ($ in millions)                                                                          |     | $                                    |      |     | $ |      |     | $ |        |     | % |    |
| Research and development                                                                 |     |                                      |   11 |     |   |   11 |     |   | —      |     |   | +2 |
| Research and development expenses remained stable compared to the same period last year. |     |                                      |      |     |   |      |     |   |        |     |   |    |

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