CIRSA reports 182,8 million euros in operating profit for the third quarter of 2025

• Group revenues increased by 5.4% to €560.2 million and EBITDA grew by 5.7% to €182.8 million compared to the third quarter of 2024.
• The Group reduced its financial costs following the recent refinancing of €1 billion in debt and increased its net profit by 102% as of 30 September.
• CIRSA now ranks among the top positions in the global ESG benchmarks for its sector.

Terrassa, 25 November 2025 – CIRSA, a global leader in gaming and leisure and Spain’s number one company in the sector, posted operating revenue of €560.2 million and operating profit of €182.8 million in the third quarter of 2025. These results reaffirm CIRSA’s consistently strong performance, marking 69 consecutive quarters of growth, excluding Covid. These results represent a 5.4% increase in operating revenue and a 5.7% increase in operating profit compared to the third quarter of 2024.

In the first nine months of 2025, CIRSA accumulated €548.5 million in EBITDA and €1,716.6 million in operating revenues, confirming the strength of the ongoing strategic plan. These results maintain the positive track record demonstrated in recent quarters, supported by a focus on strategic markets, the continuous enhancement of the value proposition, and disciplined operational management across all business units.

This performance exceeds the guidance issued at the beginning of the year and reflects the company’s effective execution of its operational plans in an environment still marked by signs of macroeconomic and geopolitical headwinds.

In November, CIRSA climbed to the number one position in its sector in ESG performance according to Sustainalytics, and to joint third place according to Standard & Poor’s ESG Score — both globally recognised rating agencies.

Highlights of the Third Quarter of 2025

CASINOS

The Casino division’s results in the third quarter remained in line with recent quarters, offsetting exchange-rate differences in certain geographies. During this period, we maintained our focus on the strategic roadmap, prioritising the expansion and selective renovation of casino facilities in several countries.

In parallel, the company continued with its technological upgrade programme, with the addition of more than 650 new units, aimed at enhancing customer experience and comfort.

We continue to rigorously apply commercial and productivity plans to mitigate inflationary effects, particularly in LATAM, which is enabling us to consolidate operational efficiency and strengthen our value proposition across key geographies.

In gaming halls, the solid performance of “Manhattan Mirage Salon” and “Link Mix 3”, along with the renewal of the machine base to offer customers the most innovative products on the market, are contributing to growth in this segment.

As part of our acquisition-driven growth strategy, in November we acquired a casino in Morocco, located in the city of Marrakech.

SLOTS SPAIN

The division delivered its best third quarter in recent years, both in revenues and EBITDA. Commercial plans and machine-replacement programmes — including Unidesa’s Manhattan Mirage and Omega Link models — combined with tight cost management, were the key drivers behind this performance.

The results once again confirm the division’s ability to adapt to market dynamics and respond effectively to customer expectations.

SLOTS ITALY

The third quarter confirmed a market recovery trend in both AWP and VLT segments. Thanks to improvement measures implemented earlier in the year and the progressive market rebound, the division achieved double-digit growth in total net revenues compared to the same quarter in 2024.

ONLINE GAMING AND BETTING

The Online Gaming & Betting Business Unit recorded revenue growth of 8.1% in the quarter and 38.9% year-to-date. Quarterly revenue growth translated into a 13.8% improvement in EBITDA, reflecting solid organic performance with no significant impact from M&A activity.

In September, sports results were significantly favourable for customers across all CIRSA geographies and in the market overall, as widely reported. Nevertheless, strong performance in the company’s core markets — Spain, Peru, Italy and Portugal — helped drive part of this growth.