CIRSA reports €753.5 million in operating profit in 2025, up 7.8% vs. 2024

• The Company increases its operating profit by 7.8% compared to 2024 and makes significant progress in its ESG agenda, with recognition from Standard & Poor’s and Sustainalytics

Terrassa, 26 February 2026.– CIRSA, a leading multinational gaming and leisure company and the top operator in the sector in Spain, achieved operating revenues of €2.339 billion in 2025. The operating profit, excluding IPO-related costs of €6.9 million, reached €753.5 million, exceeding the 2025 guidance target committed to investors. Operating profit, net of these costs, stood at €746.6 million.

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% and 6.8% respectively.

As a result of this growth and the reduction in financial costs due to progressive deleveraging, net profit reached €72.9 million in 2025, the highest in the company’s history.

Regarding the fourth quarter — its 70th consecutive quarter of improved results — the Company reached operating revenues of €623.6 million (+6.4% vs. Q4’24) and an operating profit of €198 million (+3.5% vs. Q4’24).

CIRSA has also published its 2025 Sustainability Report, which outlines all ESG achievements that have earned the company recognition from leading international rating agencies. Sustainalytics places the company among the global reference group as a “leader in managing material ESG issues,” while Standard & Poor’s recently included CIRSA in “The Sustainability Yearbook 2026,” ranking it among the world’s leading companies in sustainability and good governance practices. The multinational is one of 33 Spanish companies included in this global selection.

According to Joaquim Agut, Executive Chairman of the CIRSA Group:
“Today we report our 2025 results for the first time as a listed company, and we do so with the satisfaction of having once again fulfilled our commitments. Beyond financial performance, the year was marked by two milestones: the IPO and tangible progress across all areas of our ESG agenda, which the market recognizes and values. These achievements reflect a company prepared to continue growing with rigor and responsibility.”

2025 Highlights by Business Division

CASINOS

The 2025 annual results of the Casinos 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.

SLOTS SPAIN

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.

Synergies from recent acquisitions also surpassed expected profitability targets.

SLOTS ITALY

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 AND BETTING

The Division closed the year with a 25.8% annual increase in net revenue, translating into a 22% improvement in EBITDA compared to the previous year.

A strategy focused on optimizing the customer experience boosted the active user base to 2.4 million over the year, a 49% increase versus 2024, consolidating the company as a leading operator in the regulated market.

In November, Italy completed its transition to the new online gaming regulations, a process in which the company obtained three licenses. The migration was successfully executed both technologically and commercially. The new regulatory framework has created a more favorable environment following the rationalization of licensees and brands resulting from the regulatory update.