Monaco-based Société des Bains de Mer (SBM) has reported record financial results for the year ended 31 March 2026, with revenue rising 12% year-on-year to €861.6m ($994.3m) as the group benefited from strong performances across its gaming, hotel and rental businesses.
The operator said growth was supported by robust activity throughout its Monte-Carlo resort portfolio, particularly during the summer season, alongside a notable increase in gaming volumes.
Operating profit rose 16% to €86.6m, while net profit attributable to the group reached €112.9m, up from €110.1m in the previous financial year.
Gaming was one of the strongest-performing segments, with revenue climbing 20% to €259.6m. SBM attributed the increase to higher volumes in both table games and slot machines, as well as favourable table game results during the period.
The gaming division also delivered a €13.8m increase in operating profit compared with the previous year.
Hospitality remained the group’s largest revenue contributor, generating €443.1m, an 11% increase year-on-year. Growth was supported by higher room rates and the continued appeal of renovated accommodation at properties including Hôtel Hermitage and Monte-Carlo Bay Hotel & Resort.
Restaurant activity also expanded following the opening of new venues and the first full year of operations for the Marlow restaurant.
Meanwhile, rental income rose 4% to €156.5m, with occupancy across SBM’s residential portfolio remaining close to 100%.
SBM continued to invest heavily in its properties during the year, spending €176.8m on renovation and development projects. Planned additions for 2026 include the opening of new hospitality concepts and the reopening of the renovated La Rascasse venue.
Looking ahead, the group said trading during the first two months of the 2026/27 financial year has remained consistent with the strong performance recorded during 2025/26, although it noted that gaming revenues remain subject to short-term volatility.
SBM invested €176.8m during the year, including major renovation projects at Hôtel Hermitage and Monte-Carlo Bay Hotel & Resort, while maintaining a positive net cash position of €158.8m
