GROUPE PARTOUCHE: Sustained performance over 2025 - Turnover of € 460.2 M, up by +6.0 %

Core Insights - Groupe Partouche reported a consolidated turnover of €460.2 million for fiscal year 2025, reflecting a growth of 6.0% compared to the previous year [4][10] - The Gross Gaming Revenue (GGR) for fiscal year 2025 reached €748.3 million, marking a 5.1% increase from €712.3 million in 2024 [2][10] - The company successfully renovated three major casinos, resulting in significant GGR growth of 20.9%, 17.7%, and 15.0% for Annemasse, Divonne, and La Tour-de-Salvagny respectively [2] Financial Performance - In Q4 2025, GGR increased by 6.4% to €197.8 million compared to €186.0 million in Q4 2024 [2][9] - Annual GGR in France grew by 5.2% to €669.4 million, supported by a 4.9% increase in attendance [2][10] - Net Gaming Revenue (NGR) for the year was €352.4 million, up 4.0% from €338.7 million in 2024 [3][10] Revenue Breakdown - Turnover excluding NGR rose by 12.4% to €110.7 million, driven by non-gaming activities [3][10] - In Q4 2025, total consolidated turnover was €112.4 million, a 5.1% increase from €107.0 million in Q4 2024 [9][12] - The breakdown of turnover by activity in Q4 2025 showed casinos generating €100.0 million, hotels €8.7 million, and other activities €3.8 million [12] Strategic Developments - Groupe Partouche arranged a refinancing syndicated loan totaling €80 million to extend the average maturity of its debt [5][6] - Must Group, a partnership 40% owned by Groupe Partouche, reported a turnover of €5.4 million in its first full year of operation [7] - Upcoming projects include the reopening of Doobie's restaurant and modernization of the Medellín club, aimed at enhancing customer experience [11]