CIRSA operating profit tops €200m in record second quarter

CIRSA generated operating profit of €202m during the second quarter of 2026, an increase of 8.3 per cent year-on-year and the first time the figure has exceeded €200m in a single quarter.

Operating revenue grew by 10.1 per cent to €637m as the Spanish gaming and leisure group benefited from organic growth, disciplined investment and contributions from businesses acquired during recent months. The result represented CIRSA’s 72nd consecutive quarter of operating-profit growth.

For the first half of 2026, revenue increased by 9.1 per cent and operating profit rose by 8.4 per cent compared with the corresponding period of 2025. CIRSA said it was confident of finishing the year at the upper end of the guidance previously communicated to the market.

The Casinos division recorded growth across its markets, supported by strategic initiatives and improved activity levels. CIRSA completed five refurbishment projects under its Gold Mine investment programme, including work at Casino Majestic Panama.

Six gaming halls in Andalusia and Catalonia were expanded, while more than 700 new gaming machines were installed across the casino estate. The operator also advanced the integration of its businesses in Peru and Morocco as it implemented planned synergies and aligned the operations with its management model.

CIRSA’s Slots Spain division increased revenue by 11.2 per cent, with productivity measures helping the division deliver EBITDA growth of more than 17 per cent. CIRSA attributed the performance to selective acquisitions, integration synergies and demand for products including Manhattan Mirage, Manhattan Premium and Manhattan Magic.

In Italy, CIRSA continued to outperform a declining amusement-with-prizes market, while the country’s video-lottery-terminal segment remained stable. The company said a delay to the anticipated regulatory decree could extend the existing arrangements through 2027 and 2028, with a new tender potentially taking place in 2029.

Online gaming and sports-betting revenue increased by 14.9 per cent, supported by record active-player and customer-acquisition levels. Commercial activity also benefited from the opening phase of the World Cup during the final two weeks of the quarter.

CIRSA said its liquidity position would allow it to continue combining organic investment with disciplined M&A. Recent transactions have expanded the group’s presence in Paraguay and Portugal.

The company currently operates 459 casinos and more than 85,000 gaming machines across 11 countries, alongside approximately 2,500 sports-betting points.