S.B.M. Group reports strong growth and record results for 2024/2025
S.B.M. Group reports strong growth and record results for 2024/2025 - The Société des Bains de Mer (S.B.M.) has announced solid financial results for the 2024/2025 fiscal year, ending March 31, 2025, with revenue rising 9% to €768 million. This growth was driven by strong summer and holiday activity at the Monte-Carlo resort, the opening of the Amazónico restaurant in April 2024, and the successful reopening of the iconic Café de Paris in November 2023.
Operating profit increased to €74.5 million, and net profit rose to €110.1 million, showing the strength of the Group’s strategy. Hotel revenue jumped 16% to €399.9 million, and rental income grew by 11%. Although gaming revenue dipped slightly by 3%, gains in other sectors more than made up for it.
Deputy Chairman Stéphane Valeri highlighted the success of recent openings and the Group’s commitment to further development. New venues set to launch in 2025 include Marlow, Jondal at La Vigie, a Cédric Grolet boutique, and the Monte-Carlo Cigar Club.
S.B.M. also celebrated culinary success, earning three new Michelin stars this year, making it the most Michelin-starred resort in the world with a total of 10 stars.
The Group’s financial strength continues to grow, with equity reaching €1.64 billion and a positive net cash position of €186.3 million.