v3.26.3
RELATED PARTIES
6 Months Ended
Jun. 30, 2026
Related Parties  
RELATED PARTIES

 

12. RELATED PARTIES

 

The parties related to Codere Online include, in addition Codere Group’s subsidiaries, associates and jointly controlled entities, the Codere Online’s key management personnel, as well as all individuals who are related to them by a family relationship, and the entities over which key management personnel may exercise significant influence or control. Balances and transactions between Codere Online and other related parties outside of Codere Online’s consolidation perimeter are disclosed below.

 

06/30/2026

 

                           
Related parties   Relation to Codere Online   Finance
costs and
exchange
differences
    Operating
expenses
    Total Costs  
Codere Apuestas España S.L.   Subsidiary of Codere Group     -       1,734       1,734  
Codere Newco S.A.U.   Parent of Codere Online     -       7,721       7,721  
Codere Apuestas Galicia S.L.   Subsidiary of Codere Group     -       1,278       1,278  
Other retail companies   Subsidiary of Codere Group     -       200       200  
Latam retail companies   Subsidiary of Codere Group     -       4,535       4,535  
Total         -       15,468       15,468  

 

Balance at 06/30/2026

 

Related parties   Relation to Codere Online   Trade
receivables
(Note 6)
    Payables
with Related
Parties
(Note 8)
    Trade payables
and other
current liabilities
(Note 9)
 
Codere Newco S.A.U.   Parent of Codere Online     -       (1 )     (1,941 )
Codere Apuestas España S.L.   Subsidiary of Codere Group     -       -       (338 )
Other retail companies   Subsidiary of Codere Group     1,384       (1,692 )     (1,373 )
Other latam retail companies   Subsidiary of Codere Group     922       (1,208 )     (2,028 )
Total         2,306       (2,901 )     (5,680 )

 

06/30/2025

 

Related parties   Relation to Codere Online   Finance
costs and
exchange
differences
    Operating
expenses
    Total Costs  
Codere Apuestas España S.L.   Subsidiary of Codere Group     -       899       899  
Codere Newco S.A.U.   Parent of Codere Online     -       7,683       7,683  
Codere Apuestas Galicia S.L.   Subsidiary of Codere Group     -       1,159       1,159  
Other retail companies   Subsidiary of Codere Group     -       1,421       1,421  
Latam retail companies   Subsidiary of Codere Group     -       3,249       3,249  
Total         -       14,411       14,411  

 

Balance at 12/31/2025

 

Related parties   Relation to Codere Online   Trade
receivables
(Note 6)
    Payables
with Related
Parties
(Note 8)
    Trade payables
and other
current liabilities
(Note 9)
 
Codere Newco S.A.U.   Parent of Codere Online     -       (2 )     (1,822 )
Codere Operadora de Apuestas S.L. (OACO)   Subsidiary of Codere Group     -       -       (290 )
Codere Apuestas España S.L. (CAES)   Subsidiary of Codere Group     -       -       (224 )
Other retail companies   Subsidiary of Codere Group     12       (155 )     (531 )
Latam retail companies   Subsidiary of Codere Group     942       (1,651 )     (1,439 )
Total         (954 )     (1,808 )     (4,306 )