Monarch Casino & Resort (MCRI) investor relations material

Executive summary

• Net income for Q2 2026 was $32.5 million, up 20.4% year-over-year; diluted EPS rose 23.6% to $1.78.

• Net revenues for Q2 2026 increased 4.2% to $142.6 million; six-month net revenues rose 6.4% to $279.1 million.

• Adjusted EBITDA for Q2 2026 was $53.0 million, up 3.3% year-over-year, with margins at 37.2%.

• Growth was driven by increases in casino, food & beverage, and hotel revenues, with hotel revenue up 13.0% year-over-year.

• Returned $5.4 million to shareholders via quarterly dividend and increased cash position by $18.1 million.

Financial highlights

• Casino revenue grew 2.5% in Q2 2026 and 5.8% for the first half of 2026 year-over-year.

• Food and beverage revenue increased 3.1% in Q2 and 4.3% for the first half, driven by higher revenue per cover and covers.

• Hotel revenue surged 13.0% in Q2 and 13.2% for the first half, with occupancy up to 83.7% and ADR rising to $196.43.

• Adjusted EBITDA for the first half of 2026 was $102.0 million, up 10.3% year-over-year.

• Diluted EPS for the first half of 2026 was $3.30, up 32.0% year-over-year.

Outlook and guidance

• Management expects continued strength at both properties, supported by local economic growth and expanded operations.

• Strong balance sheet and free cash flow position the company to continue investing in properties, share repurchases, and dividends.

• Ongoing evaluation of potential M&A transactions to drive long-term value.

• Inflationary pressures and competitive marketing may impact revenue growth and margins.

• Anticipated operating cash flows are expected to sustain operations and capital plans for the next twelve months.