Cirsa’s profit up six times from last year’s figure
In its first annual results as a listed company, Spanish operator Cirsa generated a net profit of €72.9m, the best in its history and almost six times higher than last year’s figures.
The IPO last year allowed the company to drastically cut its debt. Continuing its track record of quarter-by-quarter improvement, results in 2025 evolved positively, both in revenue growth and operating profit, which exceeded 2024 figures by 8.8 per cent and 6.8 per cent respectively.
As a result of this growth and the reduction in financial costs due to progressive deleveraging, net profit reached €72.9m in 2025, the highest in the company’s history.
EBITDA improved by 7.8 per cent in comparable terms, to €753.5m. Turnover, meanwhile, increased by 8.8 per cent compared to 2024.
Joaquim Agut, Executive Chairman of the CIRSA Group, said: “We present the results for 2025 for the first time as a listed company, and we do so with the satisfaction of having once again fulfilled the commitments made. Beyond financial performance, the year has been marked by two milestones: the IPO and tangible progress in all areas of our ESG agenda, which the market recognises and values”, added the chairman of Cirsa, who pointed out that the group is prepared to “continue to grow with rigour and responsibility.”
The company’s casino division improved upon the strong performance of 2024, while also incorporating four new casinos in Peru and one in Marrakech during the last quarter, further strengthening the Group’s presence in regulated, high-growth markets. The strategy of recent years continued, with strict execution of commercial and efficiency plans, selective renewal of the machine portfolio, and upgrades to facilities in 15 casinos and gaming halls, as well as 14 Gold Mine expansion projects completed during the year.
The Slots Spain Division delivered excellent results in 2025, particularly in the fourth quarter, both in revenue and operating profit.
Commercial and product plans—featuring the new Manhattan Mirage and Manhattan Premium models—continued to drive significant revenue increases. Combined with cost containment derived from technological and logistical improvements, these factors enabled the division to exceed forecasts for both Q4 and the full year.
In Italy, the recovery trend in the retail market, together with productivity and efficiency improvement measures, enabled growth above the market average. During the fourth quarter, foundations were laid for the expansion of several venues, with the aim of strengthening both the Retail channel and the Bar & Restaurant segment.
Additionally, the integration of new halls and bingo venues was successfully completed, resulting in improved performance in both net revenue and EBITDA.
Online gaming closed the year with a 25.8 per cent annual increase in net revenue, translating into a 22% improvement in EBITDA compared to the previous year.
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Cirsa’s profit up six times from last year’s figure In its first annual results as a listed company, Spanish operator Cirsa generated a net profit of €72.9m, the best in its history and almost six times higher than last year’s figures. The IPO last year allowed the company to drastically cut its debt. Continuing its track record of…
The post Last year’s IPO clears the debt for Cirsa to post best profit in its history appeared first on G3 Newswire.