Cirsa Enterprises Earnings Call Transcripts
Fiscal Year 2026
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Q2 and H1 2026 saw record growth in revenues, EBITDA, and net profit, driven by strong organic and M&A expansion across retail and online, especially in LatAm and Spain. The company is on track to exceed the high end of its 2026 guidance, with robust capital structure and ongoing disciplined M&A.
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Q1 2026 delivered strong growth with revenues up 8% and EBITDA up 8.5% year-on-year, driven by robust retail and online performance. Leverage remains low, M&A is accelerating, and the company is on track to exceed high-end 2026 guidance.
Fiscal Year 2025
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2025 delivered strong revenue and EBITDA growth, exceeding guidance, with robust cash generation and a successful IPO supporting M&A and debt reduction. 2026 guidance targets continued growth, with online and retail segments both expanding and a stable dividend policy maintained.
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Q3 2025 saw strong organic growth across all business units, with net revenues and EBITDA up over 5% year-over-year and upgraded 2025 guidance. Leverage dropped post-IPO, M&A pipeline remains robust, and regulatory/tax changes have minimal impact.
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Q2 2025 saw double-digit revenue and EBITDA growth, strong cash generation, and significant debt reduction following a successful IPO and capital injection. Online and casino segments drove performance, with guidance reaffirmed for 7% annual growth in both revenue and EBITDA.