Cirsa reported operating revenues of €2.33bn ($2.75bn) in 2025, while operating profit, excluding IPO-related costs of €6.9m, reached €753.5m, up 7.8% year-on-year.
Indeed, operating profit surpassed the 2025 guidance target set for investors. Operating profit, net of these costs, amounted to €746.6m.
Due to growth and lower financial costs from progressive deleveraging, net profit reached €72.9m in 2025, marking the highest level in the company’s history. According to Joaquim Agut, Executive Chairman of the Cirsa Group: “Today we report our 2025 results for the first time as a listed company, and we do so with the satisfaction of having once again fulfilled our commitments.
“Beyond financial performance, the year was marked by two milestones: the IPO and tangible progress across all areas of our ESG agenda, which the market recognises and values. These achievements reflect a company prepared to continue growing with rigour and responsibility.”
The Online Gambling and Betting Division ended the year with a 25.8% increase in net revenue, resulting in a 22% improvement in EBITDA compared to the previous year. A strategy focused on enhancing the customer experience led to a 49% year-on-year increase in the active user base, reaching 2.4 million.
In November, Italy completed its transition to new online gaming regulations, during which the company successfully obtained three licences. The 2025 annual results for the Casinos Division surpassed the strong 2024 performance, aided by the addition of four new casinos in Peru and one in Marrakech.
The Slots Spain Division achieved strong results in 2025, particularly in the fourth quarter, across both revenue and operating profit. Regarding the Slots Italy Division, the Italian retail market showed a recovery, leading to above-average growth driven by efficiency improvements. Additionally, the integration of new halls and bingo venues boosted net revenue and EBITDA performance.
Cirsa has also published its 2025 Sustainability Report, detailing all Environmental, Social and Governance (ESG) achievements recognised by leading international rating agencies. Sustainalytics has classified the company as a leader in managing significant ESG issues within its global reference group. Additionally, Standard & Poor’s has recognised Cirsa by including it in "The Sustainability Yearbook 2026," ranking the company among the world's top organisations for sustainability and good governance practices.
Cirsa, established in Terrassa in 1978, operates in 11 countries, providing a diverse range of gaming products and services.
