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Monarch Casino & Resort (MCRI) investor relations material

Monarch Casino & Resort Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary16 Jul, 2025

Executive summary

  • Net income for Q2 2025 was $27.0 million, up 19.1% year-over-year; diluted EPS rose 21.0% to $1.44.

  • Net revenues for Q2 2025 increased 6.8% to $136.9 million compared to Q2 2024, driven by a 12.1% increase in casino revenue.

  • Adjusted EBITDA reached $51.3 million, up 16.8% year-over-year, with a margin of 37.5% due to operational efficiencies.

  • Completed $100 million hotel room redesign at Atlantis, contributing to market share gains and top hotel ranking in Reno.

  • Continued market share growth at Monarch Black Hawk, with recognition for dining excellence.

Financial highlights

  • Six-month net income was $46.9 million, a 14.4% increase year-over-year; diluted EPS up 17.9% to $2.50.

  • Six-month net revenues reached $262.3 million, up 5.0% from the prior year.

  • Adjusted EBITDA for the first half was $92.4 million, up 12.1% year-over-year.

  • Casino revenue for the first half rose 8.6%, food and beverage up 0.3%, hotel revenue down 1.9%.

  • SG&A expense as a percentage of net revenue decreased to 19.6% in Q2 2025 from 20.4% in Q2 2024.

Outlook and guidance

  • Management expects continued benefit from macro and local economic growth, but notes labor challenges and competitive pressures.

  • Anticipated operating cash flows are expected to sustain operations, capital expenditures, and dividend distributions for the next twelve months.

  • Strong balance sheet and free cash flow position the company to invest in properties and return capital to shareholders.

  • Quarterly cash dividend of $0.30 per share declared, part of a $1.20 annual dividend, subject to quarterly review.

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

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Q3 202522 Oct, 2025
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Q3 202522 Oct, 2025

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Frequently asked questions

Monarch Casino & Resort, Inc. is a gaming and hospitality company primarily engaged in the ownership and operation of casino resorts. The company operates two main properties: Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado. These resorts offer a range of services, including casino gaming, hotel accommodations, dining, and spa services. Monarch Casino & Resort, Inc. caters to both regional and destination guests, providing a variety of entertainment and leisure experiences in its gaming and hospitality venues. The company is headquartered in Reno, Nevada, and its shares are listed on the NASDAQ.

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