CIRSA posts €194 million in operating profit in the first quarter of 2026

Terrassa, 21 May 2026.- CIRSA, a leading multinational in gaming and entertainment and Spain’s leading company in the sector, recorded operating revenues of €623 million and operating profit of €194 million in the first quarter of 2026, once again exceeding its best quarterly records.

The company has started 2026 with strong growth momentum, supported by a clearly defined strategy, very solid operational execution and a strengthened financial position. This performance has resulted in an 8.0% increase in operating revenues and an 8.5% increase in operating profit compared with the first quarter of 2025.

The solid organic growth achieved across all geographies and channels in which CIRSA operates is particularly noteworthy, supported by a selective investment policy that ensures additional growth beyond organic performance. For the full year, the Group expects to invest more than €200 million in organic growth and operational improvement, an amount that would exceed €350 million once planned investments in acquisitions are included.

The strength of the results, together with the Group’s solid liquidity position, enables the company to continue advancing its growth plan with confidence, including a potential acceleration of its corporate M&A activity in the coming months, in line with its investment and acquisition-led expansion forecasts.

Similarly, the refinancing plan launched in the second quarter of 2025 continues to be reflected positively in CIRSA’s financial structure, with a debt reduction of €589 million since 1 January 2025 and a decrease in financial costs of €18 million in the quarter. In this context, the company has completed this May the payment of a €75 million dividend, reflecting the strength of its cash generation and its confidence in the development of the business.

Highlights for the first quarter of 2026

CASINOS

The results of the Casinos Division in the first quarter of 2026 significantly exceeded those of the previous year, thanks to improved performance across all geographies in which it is present. The main areas of focus during the quarter were the integration of the casinos in Peru and Morocco incorporated in the final quarter of last year, the start of facility renovation works at 20 casinos and gaming halls within the Gold Mine plan and the start of construction work on a new casino in Colombia. The strategy pursued in recent years has continued, focused on the strict execution of commercial and efficiency plans, as well as the selective renewal of the machine estate, with more than 500 machines added during the first quarter.

SLOTS SPAIN

In the first quarter of 2026, the Slots Spain division consolidated the excellent trend recorded in recent quarters, delivering double-digit growth in both revenues and EBITDA.

The acquisition of operating companies, with the associated synergies, the expansion of the number of high-quality gaming venues and the successful execution of our commercial plans have enabled the division to increase its customer base. The launch plans for new products such as Manhattan Magic, Premium and Omega continue to win customer preference and position this successful range as a market leader.

SLOTS ITALY

During the first quarter of 2026, Italy experienced a negative market trend. Despite this, CIRSA continues to deliver results above the market and closed the first quarter with positive performance in both products, thanks to the incorporation of two operations and to productivity and efficiency improvement initiatives in both the operations and retail segments.

ONLINE GAMING AND BETTING

The online gaming and sports betting division recorded revenue growth of 9.4% compared with the same period of the previous year, driven by strong performance in its main markets, including Spain, Italy and Peru. Although sports results were less favourable than in the prior year, the commitment to the continuous improvement of the user experience – both in the front end and through the incorporation of new functionalities and an expanded games catalogue – continues to consolidate sustainable and profitable business growth.