A springtime tradition, the CEO of the Société des Bains de Mer has come before the press to outline the group’s financial results for the financial year, which begins on 1 April each year and ends on 31 March of the following year. And the 2025/2026 financial year is a strong one.
“This is a new record for the group, across all our company’s business sectors,” explained Stéphane Valeri on Wednesday as he unveiled the summary. “We are continuing to grow and significantly improving our operating profit, at a faster rate than turnover. These are the best results we have ever seen. ”
The SBM’s Deputy Chairman acknowledges the ongoing price rises in Monaco’s luxury hotels
The latest major refurbishment, the Diamond Suites at the Hermitage, opened in time for this Grand Prix.
Translation: a 12% increase in turnover, amounting to €861.6 million. And a 16% surge in operating profit, reaching €86.6 million. This resulted in a net profit of €112.9 million, including the company’s financial investments, despite the fact that these “have been affected by a general fall in interest rates and are yielding less ”
“We are the most closely monitored casino in Europe”
Amidst this chorus of celebrations, one sector in particular stands out: gaming. Having faced difficulties in recent years, the casino business posted growth in the past financial year that has been described as exceptional, with an average growth rate of 20%.
operations appointed to the Société des Bains de Mer de Monte-Carlo
“We have recruited top-level managers across all our establishments and departments. We are investing heavily in improving the customer experience. We are attracting new brands and have developed private clubs for a clientele with very high purchasing power. But a company is also made up of its employees, whom we do not overlook in our priorities. ”
For them, the strong financial results for the financial year just ended should enable a bonus of €2,000 per employee to be paid out this year. “I am proud of this social model,” emphasised the Deputy Chairman, “which I am constantly striving to improve.”