Société Française de Casinos: Revenue Up 4.8%, Net Income at €0.80M
Société Française de Casinos published on July 31, 2026 its half-year results for 2025-2026 (ended April 30, 2026), marked by a return to growth and improved profitability. The group recorded gross revenue growth of 4.8% to €10.9M, an EBITDA margin of 16.2%, and net income of €0.80M compared to €0.51M a year earlier. This performance reflects the effects of facility modernizations and cost control, in a context that remained challenging economically.
4.8% Growth and Improving EBITDA Margin
The group recorded consolidated gross revenue of €10.9M, up 4.8% for the half-year ended April 30, 2026. EBITDA stood at €1.77M, up €0.46M year-on-year, representing 16.2% of gross revenue.
This improvement notably reflects the effects of modernization work at the Châtel-Guyon casino, resulting in strong revenue rebound. The casinos in Port-La Nouvelle and Collioure also confirm the positive momentum observed in the previous fiscal year.
These performances made it possible to offset two headwinds: the decline in activity at the Gruissan casino, also undergoing renovation, and the scope effect related to the exit of restaurants in Châtel-Guyon and Gruissan, entrusted to third parties through subdelegation. Current operating income stands at €0.97M, up €0.27M, while group net income increased to €0.80M, compared to €0.51M in the first half of 2024-2025.
Improved Profitability and Strengthened Balance Sheet
The increase in revenue coupled with good cost control translates into improved profitability. The EBITDA margin stands at 16.2% of gross revenue.
Financially, consolidated shareholders' equity amounts to €14.54M on April 30, 2026, compared to €13.79M at the close of the previous fiscal year. Gross financial debt decreased to €4.10M (compared to €4.26M), of which €0.96M related to the debt repayment plan for the Collioure casino, fully repaid in May 2026, after the half-year close.
Available gross cash stands at €4.70M. The group generates positive free cash flow of €0.63M for the half-year, after investments of €0.94M dedicated to the conceptual overhaul of the casinos.
Continuation of Profitable Growth Trajectory
Faced with an unchanged economic climate, the group intends to continue its profitable growth trajectory in the second half. This ambition is based on reaping the benefits of modernization work and capitalizing on the expertise of teams in deploying marketing and commercial actions to strengthen the attractiveness of the four casinos operated directly (Châtel-Guyon, Collioure, Gruissan and Port-La Nouvelle).
The group's financial structure is strengthening, with net cash of €0.60M (€1.88M excluding IFRS 16), enabling it to continue its investments and development.
