CIRSA reports 187 million euros in operating profit for the second quarter of 2025

  • The company went public on 9 July this year at a price of €15 per share.
  • Reduced leverage to 2.68x Ebitda through debt repayment.
  • Ranked #1 globally in its sector for ESG by Sustainalitycs
Terrassa, September 9, 2025 – CIRSA, a leading multinational in gaming and leisure and Spain’s number one company in the sector, posted operating revenue of €579 million and operating profit of €187 million in the second quarter of 2025, once again surpassing its best quarterly records and achieving 68 consecutive quarters of growth, excluding Covid. These results represent an 11.3% increase in operating revenue and a 9.2% increase in operating profit compared to the second quarter of 2024. The company went public on 9 July this year at a price of €15 per share, with more than 250 institutional investors and demand over eight times the offering. The placement consisted of a primary offering of new shares amounting to €400 million and a secondary offering of existing shares of €53 million, bringing the free float to 18%. In line with the commitment to reduce debt using the funds obtained, following the IPO the Group allocated €373 million to this purpose which, together with the prior capital injection, reduced leverage by over €700 million, bringing it down to 2.68x Ebitda. According to Joaquim Agut, Executive Chairman of CIRSA: “Our first quarterly results as a publicly listed Group are strong and consistent with our track record, driven by our employees’ commitment to continuously and sustainably improving our operations. The execution of our strategy, our customer focus and productivity have once again enabled CIRSA to exceed its objectives.” CIRSA has strengthened its position as a global leader in gaming and entertainment sustainability, recently rising to first place worldwide in Morningstar’s Sustainalytics ESG Rating – a recognition of its responsible management of environmental, social and governance risks. Highlights of the second quarter of 2025 CASINOS The Casino division’s results in the second quarter remained in line with recent quarters, supported by various initiatives implemented in recent months. Notable among these is the renovation of facilities, with several key projects completed during the period: Casino de Marbella in Spain, Casino de Cuitláhuac in Mexico and Fantastic Lima in Peru. These improvements reinforce the Group’s commitment to enhancing the customer experience. Disciplined execution of commercial plans and activation of points of sale, along with strict expense control, contributed to the Company’s growth in local currency in Latam. In addition, the renewal of the slot machine fleet—with over 500 new slots added during the quarter—demonstrates efficient, innovation-oriented management. The omnichannel strategy continues to be key, promoting Sportium’s online offering and cross-selling actions, as well as refurbishing betting corners in casinos. SLOTS SPAIN Revenue growth in the Slots Spain division in Q2 2025 maintained the excellent trend seen in Q1, improving on the same period last year. Proper execution of commercial plans and cost containment translated into improved operating margin and Ebitda in the second quarter. These strong results were driven by the excellent performance of the new Manhattan Mirage models, featuring a new set of games that have been very well received by the market. Industrial activity remained on the same positive path thanks to the outstanding results of Manhattan Mirage in hospitality with the new Smart GIM (Integrated Monetary Management) and the introduction of Manhattan with the uElite Next cabinet, enabling Ticket In–Ticket Out functionality in gaming halls. SLOTS ITALY Thanks to CIRSA Group’s improvement plans in Italy, the challenging market conditions in the second quarter were successfully navigated. CIRSA Italy continues to implement measures to mitigate these impacts, supported by Royal Games’ contribution, to drive growth into 2025. ONLINE GAMING AND BETTING The online gaming and sports betting division increased revenue by 63% and Ebitda by 120% compared to the same period last year, even though Euro 2024 and Copa América took place in 2024. Strong performance in the core markets of Spain and Italy, together with the 2024 acquisitions of Apuesta Total (Peru) and Casino Portugal (Portugal), drove part of this increase. In June, a strategic sponsorship with Liverpool FC was signed, enabling the use of the club’s brand assets and digital activations across all geographies in which the division operates.
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