(AsiaGameHub) – The gambling operator, which is owned by Blackstone, saw its revenue grow by 8 per cent compared to the same period last year.
Spain.- CIRSA has announced positive Q1 financial results, achieving record net operating revenue of €623m. This marks an 8 per cent year-on-year rise (or 9.5 per cent when adjusted for constant exchange rates). EBITDA saw an 8.5 per cent increase to €193.9m (a 10.8 per cent rise in constant currency), while margins remained consistent at 31.1 per cent.
Adjusted net profit grew by 32.8 per cent, reaching €69.9m. Growth was largely driven by organic performance, supplemented by minor acquisitions finalized in late 2025 that bolstered casino and slot machine operations across Spain, Peru, and Morocco.
Retail gaming continued to be the primary driver of earnings, recording a 9.3 per cent increase in constant currency, with EBITDA rising by 13.3 per cent. Spain’s slot division was a notable performer, delivering a 13.1 per cent revenue increase and a 17.8 per cent rise in EBITDA to €64.3 million. Leadership credited these results to a slot replacement initiative, the introduction of new games, and technological improvements.
The online division also experienced strong momentum: casino revenue grew by 23.9 per cent, sports betting by 19.7 per cent, and total online turnover by 22.4 per cent. Nevertheless, profitability was impacted by favorable results for players and the implementation of a new online gaming tax in Peru, resulting in an 11.9 per cent drop in online EBITDA to €21.4m.
Casino revenues climbed 8.3 per cent (10.7 per cent at constant currency), bolstered by solid performance in Colombia, Panama, Peru, and Morocco. Operations in Mexico remained steady despite brief closures during February. In Peru, CIRSA grew its footprint from 19 to 23 casinos, raising its slot machine count from 2,611 to 3,434 and gaming tables from 37 to 61. The Italian slot business maintained a modest but consistent growth path, with revenue increasing by 2 per cent and EBITDA by 3.6 per cent.
Moving forward, the company has maintained its full-year 2026 guidance, anticipating revenue between €2.5bn and €2.56bn, and EBITDA between €800m and €820m.
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