CIRSA Reports Q3 2025 Results
CIRSA recorded €560.2 million in operating revenue and €182.8 million in operating profit in the third quarter of 2025. The company reported 5.4% revenue growth and a 5.7% increase in operating profit compared to the same quarter last year. CIRSA also highlighted a 102% increase in net profit following its recent €1 billion debt refinancing.
Financial Growth and ESG Performance
CIRSA’s results for the first nine months of 2025 show €1,716.6 million in operating revenues and €548.5 million in EBITDA. These figures extend the company’s run of 69 consecutive quarters of growth, excluding the Covid period. The performance reflects the ongoing execution of its strategic plan and a focus on key markets.
CIRSA noted that its business units continued to apply productivity and commercial measures amid inflationary pressures. The company also reported that it surpassed the financial guidance issued at the start of the year. In November, CIRSA reached the top position in its sector in Sustainalytics’ ESG ranking. The company also secured a joint third place in the Standard & Poor’s ESG Score.
Business Unit Developments Across Markets
The Casino division maintained stable results, balancing exchange-rate impacts in several geographies. CIRSA continued upgrading casino facilities, adding more than 650 new units as part of its technology programme.
- See also: CIRSA Reports €187m Q2 Profit
The company also expanded its footprint with the acquisition of a casino in Marrakech. In gaming halls, titles such as “Manhattan Mirage Salon” and “Link Mix 3” contributed to segment growth. The Slots Spain division recorded its strongest third quarter in recent years in both revenue and EBITDA.
In Italy, the slots business reported a recovery in AWP and VLT markets, producing double-digit net revenue growth. The Online Gaming & Betting division reported 8.1% revenue growth for the quarter and 38.9% growth year-to-date, supported by solid performance in Spain, Peru, Italy, and Portugal.