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.

 

Last local news

Evening Update Friday 11th July 2025

The prefect of the Alpes-Maritimes has made a legal challenge against new limits on large cruise ship moorings in Nice and Villefranche.... Evening Update Friday 11th July 2025 Read More

11/07/2025

French and Riviera News Friday 11 July 2025

British Prime Minister Sir Keir Starmer and President Emmanuel Macron have announced a so-called "one in, one out" migrant deal aimed at reducing migr... French and Riviera News Friday 11 July 2025 Read More

10/07/2025

Evening Update Thursday 10th July 2025

French comedian Bun Hay Mean, known as “le Chinois marrant,” has been found dead after an eight-story fall from his Paris apartment on the 10th of Jul... Evening Update Thursday 10th July 2025 Read More

10/07/2025

French and Riviera News Thursday 10 July 2025

French police have raided the headquarters of the far-right National Rally party as part of an inquiry into its campaign finances... French and Riviera News Thursday 10 July 2025 Read More

09/07/2025

Evening Update Wednesday 9th July 2025

The massive wildfire near Marseille, which began on the 8th of July from a burning car on the A55, has burned over 700 hectares and destroyed or damag... Evening Update Wednesday 9th July 2025 Read More

09/07/2025