Private company

Neo Group Ltd

Neo Group Ltd is an amusement and recreation services company.¹

Last updated Oct 21, 2026.

Overview

$191.5MRevenue, fiscal 2023²

-$18.3MNet income, fiscal 2023²

IndustryServices-Amusement & Recreation Services¹
HeadquartersN4¹
Incorporated inLuxembourg³
Business address63-65, Rue De Merl, Luxembourg, N4 L-2146³
Filer categoryAccelerated filer, Emerging growth company³

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(formerly, Aspire Global Plc), and together with its subsidiaries, the “Aspire Group”;⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-13.9%Operating margin²

-9.5%Net margin²

15.6%Revenue growth, 2023²

-13.7%Return on equity²

$59.3MFree cash flow²

Where the money goes

Where each dollar of revenue went, fiscal 2023

Other costs

Research and development8¢$14.9M
Other costs90¢$172.3M
Interest0¢$148.0K
Income tax2¢$4.2M

Out of $191.5M in revenue.² The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

Kept or used elsewhere

Capital spending1¢$791.0K
Share buybacks10¢$6.2M
Kept or used elsewhere88¢$53.1M

Out of $60.1M of cash from operations.²

Financial statements

Revenue⁵⁶⁷²$191.5M in 2023+716% since 2018

Operating income⁵⁶⁷²-$26.7M in 2023+2603% since 2018

Net income⁵⁷²-$18.3M in 2023+348% since 2018

Fiscal year	2018	2019	2020	2021	2022	2023
Revenue	$23.5M⁵	$33.1M⁶	$49.2M⁷	$50.5M²	$165.7M²	$191.5M²
Research and development				$9.4M²	$10.3M²	$14.9M²
Operating income	-$987.0K⁵	$5.3M⁶	$11.6M⁷	-$1.2M²	-$24.4M²	-$26.7M²
Interest				$32.0K²	$535.0K²	$148.0K²
Income before tax				$5.0M²	-$17.4M²	-$14.1M²
Income tax				$325.0K²	$1.5M²	$4.2M²
Net income	-$4.1M⁵	-$54.0K⁵	$6.5M⁷	$4.7M²	-$19.0M²	-$18.3M²
Earnings per share	-$0.27⁵	-$0.18⁶	$0.29⁷	$0.18²	-$0.64²	-$0.54²
Earnings per share (diluted)	-$0.27⁵	-$0.18⁶	$0.27⁷	$0.17²	-$0.64²	-$0.54²
Shares (weighted, basic)				25.3M shares²	29.7M shares²	33.6M shares²
Shares (weighted, diluted)				26.6M shares²	29.7M shares²	33.6M shares²

Total assets⁵⁶⁷²$457.8M in 2023+1280% since 2019

Shareholders’ equity⁵⁶⁷²$133.8M in 2023+3486% since 2017

Cash⁵⁶⁷²$29.0M in 2023+711% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$3.6M⁵	$3.2M⁶	$6.0M⁷	$59.8M²	$66.1M²	$41.2M²	$29.0M²
Current assets					$77.5M⁷	$90.3M²	$85.9M²
Property, plant and equipment					$2.2M⁷	$4.0M²	$3.4M²
Goodwill						$180.9M²	$187.1M²
Intangible assets					$22.4M⁷	$347.2M²	$342.8M²
Total assets			$33.2M⁵	$94.6M⁶	$115.8M⁷	$460.9M²	$457.8M²
Accounts payable					$8.1M⁷	$16.0M²	$20.4M²
Current liabilities					$34.1M⁷	$74.8M²	$76.2M²
Long-term liabilities					$21.8M⁷	$240.8M²	$247.8M²
Retained earnings					-$28.7M⁷	-$47.7M²	-$65.9M²
Shareholders’ equity	$3.7M⁵	-$2.2M⁶	-$5.6M⁷	$50.8M²	$59.8M²	$145.3M²	$133.8M²
Shares outstanding				25.0M shares⁵	25.6M shares⁶	33.5M shares⁷	33.7M shares²

Cash from operations⁵⁶⁷²$60.1M in 2023+1017% since 2018

Capital spending⁵⁶⁷²$791.0K in 2023+102% since 2018

Free cash flow⁵⁶⁷²$59.3M in 2023+1089% since 2018

Share buybacks²$6.2M in 2023

Fiscal year	2018	2019	2020	2021	2022	2023
Cash from operations	$5.4M⁵	$15.0M⁶	$28.2M⁷	$28.0M²	$38.3M²	$60.1M²
Depreciation and amortization				$14.6M²	$35.6M²	$55.9M²
Capital spending	$392.0K⁵	$756.0K⁶	$928.0K⁷	$1.5M²	$1.4M²	$791.0K²
Free cash flow	$5.0M	$14.3M	$27.3M	$26.5M	$37.0M	$59.3M
Cash from investing				-$18.5M²	-$225.9M²	-$45.0M²
Share buybacks				$0²	$0²	$6.2M²
Cash from financing				-$3.1M²	$162.2M²	-$28.1M²

Compare Neo Group Ltd with another company

Corporate structure

Neo Group Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Neo Group Ltd

Barak Matalon Filed SC 13D/A on Neo Group Ltd, latest May 2, 2024 (5 filings since Jul 11, 2022)
Sunriver Management LLC Filed SC 13G/A on Neo Group Ltd, latest Feb 12, 2024 (3 filings since May 23, 2022)
Aristocrat Leisure Ltd. Filed SC 13D on Neo Group Ltd, latest May 25, 2023
Caesars Entertainment Filed SC 13D/A on Neo Group Ltd, latest Mar 18, 2022

Neo Group Ltd N4

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Neo Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, net	$3.4M² Dec 31, 2023	$4.0M² Dec 31, 2022	−13.8%
Operating-lease assets (leased space)	$8.7M² Dec 31, 2023	$8.0M² Dec 31, 2022	+9.6%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$29.0M² Dec 31, 2023	$41.2M² Dec 31, 2022	−29.5%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$187.1M² Dec 31, 2023	$180.9M² Dec 31, 2022	+3.5%
Intangible assets, net (excluding goodwill)	$342.8M² Dec 31, 2023	$347.2M² Dec 31, 2022	−1.3%

Former names

NeoGames S.A.Sep 10, 2020 to Apr 26, 2024³

Filings

62 filings to the SEC since October 2021: 4 annual reports, 10 large holders, 48 other. The latest 20:

May 6, 202415-12G EDGAR
May 2, 2024SC 13D/A EDGAR
Apr 26, 202420-F EDGAR
Apr 25, 20246-K EDGAR
Apr 25, 2024S-8 POS EDGAR
Apr 25, 2024S-8 POS EDGAR
Apr 24, 20246-K EDGAR
Apr 18, 20246-K EDGAR
Apr 9, 20246-K EDGAR
Mar 6, 20246-K EDGAR
Feb 12, 2024SC 13G/A EDGAR
Nov 8, 20236-K EDGAR
Aug 22, 2023144 EDGAR
Aug 9, 20236-K EDGAR
Jul 18, 20236-K EDGAR
Jul 6, 20236-K EDGAR
Jun 27, 20236-K EDGAR
Jun 21, 20236-K EDGAR
May 26, 20236-K EDGAR
May 25, 2023SC 13D EDGAR

The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Barak MatalonSC 13D/A, 5 filings Jul 11, 2022 to May 2, 2024⁸
Sunriver Management LLCSC 13G/A, 3 filings May 23, 2022 to Feb 12, 2024⁹
Aristocrat Leisure Ltd.SC 13D, 1 filing May 25, 2023¹⁰
Caesars EntertainmentSC 13D/A, 1 filing Mar 18, 2022¹¹

SEC filer profile

How Neo Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARNeo Group Ltd¹
CIK0001821349
Filer statusAccelerated filer<br>emerging growth company¹
Incorporated inLuxembourg¹
Fiscal year endsDecember 31¹
Industry code (SIC)7900 Services-Amusement & Recreation Services¹
SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance¹
Business address63-65, Rue De Merl, Luxembourg, N4 L-2146¹
Phone972-73-372-3107¹
Shares outstanding33,741,041 as of Dec 31, 2023²
On EDGAR sinceSep 10, 2020¹
Filings109 in all: 6-K (47), CORRESP (10), SC 13D/A (6), UPLOAD (6), 20-F (4), F-1/A (3), SC 13D (3), SC 13G (3)¹
All 27 form types
424B4 (2), DRS (2), DRSLTR (2), EFFECT (2), F-1 (2), S-8 (2), S-8 POS (2), SC 13G/A (2), 144 (1), 15-12G (1), 20-F/A (1), 25-NSE (1), 8-A12B (1), CB (1), CB/A (1), CERT (1), DRS/A (1), F-X (1), FWP (1)
Latest filingsAnnual report (20-F) Apr 26, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARNeo Group Ltd filings on SEC EDGAR
2
SEC EDGARNeo Group Ltd 10-K for fiscal 2023
3
SEC EDGARNeo Group Ltd filings on SEC EDGAR
4
SEC EDGARNeo Group Ltd annual report, Item 1 (Business)
5
SEC EDGARNeo Group Ltd 10-K for fiscal 2018
6
SEC EDGARNeo Group Ltd 10-K for fiscal 2019
7
SEC EDGARNeo Group Ltd 10-K for fiscal 2020
8
SEC EDGARBarak Matalon SC 13D/A on Neo Group Ltd
9
SEC EDGARSunriver Management LLC SC 13G/A on Neo Group Ltd
10
SEC EDGARAristocrat Leisure Ltd. SC 13D on Neo Group Ltd
11
SEC EDGARCaesars Entertainment SC 13D/A on Neo Group Ltd