Ctra. de Castellar, 298 - 08226 Terrassa. Barcelona. Spain - T +34 93 739 67 00 - info@cirsa.com - www.cirsa.com De conformidad con el artículo 227 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, Cirsa Enterprises, S.A. (“ CIRSA ” o la “ Sociedad ”), por la presente comunica la siguiente:
OTRA INFORMACIÓN RELEVANTE
CIRSA remite documentación de soporte a la presentación a analistas e inversores institucionales relativa a los resultados correspondientes al 2T 2026, que se celebrará hoy jueves día 30 de julio de 2026 a las 10:30 horas (CET) .
Los datos de conexión se detallan a continuación:
• Webcast link: https://events.q4inc.com/attendee/183325492 • Participant Conference Call Registration Link (Avoid wait time - Bypass speaking with an operator to join the call. Receive a Calendar Invitation with call access details including your unique PIN): https://events.q4inc.com/analyst/183325492?pwd=1CbrOTnN • Dial in details:
o United Kingdom (Local): +44.117.389.0104 o United Kingdom (Toll -Free): +44.808.196.8935 o Global Acces Numbers: Global Dial -In Numbers o Access Code: 183325492 Adicionalmente, la presentación de resultados estará disponible en la página web de la Sociedad.
En Terrassa, a 30 de julio de 2026
Miguel Vizcaíno Prat Secretario no consejero del Consejo de Administración
Q2 26 Results Presentation July 30th, 2026
Agenda
Highlights
Business Overview
Financial Position
Outlook & Conclusion 2
72 consecutive quarters of growth Highlights | Q2 2026 –Solid business growth 3 /Q22026 Results –Another solid setofresults
▪NetRevenues €637m+10.1%y-o-y
▪EBITDA reaching €202m,a+8.3%y-o-y ▪Adjusted Net Profit growth by55%led byEBITDA and
financial savings
/Sustained organic growth across businesses ▪Retail organic growth on the base ofour geographic diversification and operational leverage ▪Online revenues organically growing Net Revenues +14.9% with strong momentum inclient acquisition /Strong EBITDA Margin of31.7% ▪Both retail and online margin improvingNet Revenues
+€637m +10.1%
EBITDA
+€202m +8.3%
Adjusted Net Profit
+€75m +55%
H1 2026 –above long -term guidance Highlights | H1 2026 –Solid business growth 4 /H12026 Results –astrong start oftheyear ▪Net Revenues €1,260m +9.1%, (+8.7% ex -FX) ▪EBITDA reaching €396m, a +8.4%, (+8.2% ex -FX) ▪EBITDA Margin of 31.4% /Well -balanced growth across channels ▪Retail up+9.1%,with astrong organic performance of+5.7% ▪Strong online organic outperformance: Turnover up +22.4% and Net Revenues +12.2% (+11.9% ex -FX) /Our diversified sources ofgrowth deliver ▪Latam region growing a+12.1%with neutral FXimpact inH126 ▪Strong performance ofSpanish activities growing a+7.7% ▪Our 2025 bolt-oninvestments aredelivering accretive strong growthNet Revenues(1)
+€1,260m +9.1%
Retail Net Revenues
+€975m
+€303mOnline Net Revenues+9.1%
+12.2%
(1) Total Net Revenues include (€17m) in H26 related to structure and adjustment effects.
Fully on -track to meet high -end of our 2026 guidance Highlights | Strategic Execution on -track 5/Stronger financial position, ready for growth ▪New refinancing of €375m cutting financial cost by 40% and extending Group’s debt maturity ▪Leverage ratio close to steady state levels (2.0x -2.5x) /Acceleration of M&A strategy on -track ▪Slots del Sol acquisition in Paraguay is accretive for our online activities both in revenues and margin ▪High visibility of transactions in the pipeline across markets /Growing shareholder remuneration ▪€75.5m in dividends paid in May -26 ▪Strong Net Profit increase expected to drive 2027 higher dividend9.1% 2026 Guidance H1 2026Net Revenues
(% Growth)
9.5%
7.0%EBITDA
(% Growth)
9.0%
6.0%8.4%
2026 Guidance H1 2026
Agenda
Highlights
Business Overview
Financial Position
Outlook & Conclusion 6
Business Overview | Growth drivers accross businesses
7Online
Growth
DriversRetail
Growth
enhancement
▪Strong and sustainable organic growth model :turnover 20%+ ▪Strong progress towards our20%+EBITDA margin target, reaching 19.2%inQ226 ▪The acquisition ofSlots del SolinParaguay isanatural extension ofour omnichannel model, further strengthening ourscale and leadership intheregion ▪Enlarging client base and scale fueled byWorld Cup high customer acquisition▪Sustained growth incasino visits continues todrive organic performance ▪Goldmine projects with double tailwind :high -ROIC and seeding future organic growth ▪Acquisition ofCasino Figueira, ourfirst casino inPortugal, supports omnichannel strategy ▪Slots Spain own technology development askeycompetitive advantage
Business Overview | Strong growth levered on leadership position 8/Our leadership position &diversification enables growth ▪Consistent &recurrent y-o-ygrowth delivery during 72
consecutive quarters
▪Allgeographies aregrowing across both retail and online ▪High margins allow forself-funded investment ingrowth/Q22026 figures with superior performance ▪Outstanding organic growth :Net Revenues +6.8%and
EBITDA +4.0%
▪2025 bolt-ons contributing tofurther growth and
accretion inmargin
▪Strong EBITDA Margin of31.8%based on strict efficiency discipline across businesses Net Revenues -(€m) EBITDA –(€m)
187202
9.64.81.1
Q2 2025 Organic Growth M&A Bolt-onFX & Others Q2 2026579637
37.914.75.8
Q2 2025 Organic Growth M&A Bolt-onFX & Others Q2 2026+6.8%
var.+2.5%
var.+10.1%
var. +4.0%
var.+2.5%
var.+8.2%
var.
31.8%
EBITDA
Margin
443488
20.814.79.6
Q2 2025 Organic Growth M&A Bolt-on FX Q2 2026 Business Overview | Retail performance Q2 2026 9Retail Activities –EBITDA bridge (€m)Retail Activities –Net Revenues bridge (€m)/Revenue growth remains strong across theretail portfolio ▪Netrevenues increased +10.2%,including +4.7%organic growth ▪EBITDA grew +10.9%,outperforming revenue growth ▪EBITDA margin expanded to36.4%(+25bps) ▪Bolt-onacquisitions continue toprovide accretive growth
+4.7%
var.+3.3%
var.+10.2%
var.
36.4%
EBITDA
Margin160178
9.04.83.9
Q2 2025 Organic GrowthM&A Bolt-on FX Q2 2026+5.5%
var.+3.0%
var.+10.9%
var./Operational initiatives continue todrive performance ▪Goldmine initiatives are generating incremental growth
across casinos
▪Premium slot content and successful product deployment driving revenue growth of+11.2%inSpain ▪Strong operational leverage translated into higher profitability
Business Overview | Online performance Q2 2026 10Online G&B –EBITDA bridge (€m)/EBITDA Margin progressing towards our20%+target ▪EBITDA margin improvement at19.2%,+430bpsvsQ126 ▪EBITDA LfLincreased +23.6%,outperforming revenue growth ▪EBITDA LfL margin expanded to24.9%through operating
leverage
+16.1%
var.+7.5%
var.+23.6%
var./Strong organic growth momentum across allproducts and
geographies
▪Turnover +22.4%with Sports Betting +10.8%&Casino +28.4% ▪Leading positions across keymarkets continue todrive double -
digit organic growth ▪Pay-outs back tonormalized levels Online Activities –Net Revenues bridge
(€m)
139160 18.6 2.1 Q2 2025 Organic Growth FX Impact Q2 2026(3.4%)
var.+13.4%
var.+14.9%
var.
3239
315.12.4 8.6
0.0 Q2 2025 Organic
GrowthMargin
Improv.EBITDA
LfLGaming Tax FX Q2 202619.2%
EBITDA
Margin24.9%
EBITDA
Margin22.9%
EBITDA
Margin
Key Metrics (YTD 26vs YTD 25) Business Overview | Online -Acquisition of Slots del Sol in Paraguay 11 /Transaction with perfect fit with our strategy:
✓Acquisition of Paraguay's leader in online casino ✓Strengthens CIRSA's omnichannel strategy ✓Increased geographic diversification ✓High stable regulation country ✓Partnering with a strong management team that has a skin in the game ✓Acquired at a disciplined valuation pre synergies of 6-7x EBITDA /Accretive transaction with superior growth and margin profile /Increased exposure to high -growth online gaming markets
+50%
Market Share35%Accretive
Margin
Revenues CAGR
2023 -25+21%
First Time
Depositors+66%
Avg Revenue
Per User+57%
Active Players
GrowthLeading position, growth potential and margin accretive
Business Overview | Online –World cup adding on already strong growth 12/Online successfully capitalized ontheWorld Cup, driving strong growth and customer acquisitionTurnover growth Q2 26 (%)
x3.6
First Time
Depositors+96%
Unique Active
Playersx3.1
New Register
UserWorld Cup successful
campaign: strong
foundation for
coming quarters/Strong Turnover growth boosted bystrong trading performance during
theWorld Cup
18% 19%32%
April May JuneWorld Cup additional turnover supports a
strong quarter
Agenda
Highlights
Business Overview
Financial Position
Outlook & Conclusion 13
Financial Position | Strong cash generation funding future growth 14/Consistently delivering EBITDA margins above 30% /Growth investments accelerated tosupport organic growth across
retail operations
▪Goldmine initiatives accelerated –8initiatives already
delivered
▪Expected ROIC ranging from 25%to40% ▪Cash conversion above 70% /Higher taxpayments reflect payment calendar effects High margins and strong cash generation are the engine of sustainable growth and attractive returnsIn €m Q2 2025 Q2 2026 % V.
Net Operating Revenue 579 637 10.1%
EBITDA 187 202 8.3%
% Margin 32.3% 31.8% (52 bps) Capex (46) (56) 23% Capex Intensity 7.9% 8.9% 94 bps Operating Cash Flow 141 146 3.5% Cash Conversion 75.5% 72.1% (335 bps) Working capital & other 1 14 Income Taxes paid (15) (37) Lease payments (21) (24) Free Operating Cash Flow (Pre -M&A) 107 99 (7.2%) Other investing activities (126) (13) FOCF (post -M&A) -19 86 n.m.
Financial Position | Strengthened capital structure supports growth and deleveraging 15/Clear deleveraging trend ▪Debt levels remain broadly stable after dividend payment and
growth investments
▪On track towards our steady state of 2.0x -2.5x ▪Pro forma leverage of 2.60x already close to long -term operating levels/Refinancing lowers funding costs &enhances financial flexibility ▪New bond priced atlowest credit spread inCirsa’s history ▪Additional annual interest savings ofc.€12m ▪Nobond maturities until March 2029 ▪Additional funding toincrease ourliquidity inc.€100m
Leverage ratio
(x)
2.69x
2.66x
2.60x
Mar-26 Jun-26 Jun-26
EBITDA
Proforma
1Q2 2026 Proforma Leverage ratio including 12 months contribution of acquired EBITDANew Issuance Metrics
€500m
Senior Note s4.625%
Price+180bps
Vs German Bund 2x
Oversubscription87
Investors6 years
TenorFurther financial costs saving to come in Q1 27 Target to reduce average cost of debt below 5% 1
/EBITDA growth translating into accelerated profit growth /Solid shareholder remuneration ▪FY25 dividend of €0.45/share paid in May 2026 ▪Adjusted EPS +31.7% ▪Strong earnings growth supports future dividend growth potentialNet Revenues Net Profit EBITDA Financial Position | Earnings & shareholders returns 16+9.1% +84.9% +8.4%Consolidated P&L (€m) 6m 2025 6m 2026 Var % Net Operating Revenues 1,155 1,260 9.1% Cost of Sales (790) (864)
EBITDA 366 396 8.4%
Depreciation, amort. & impairment (183) (196)
EBIT 183 200 9.4%
Financial results (108) (71) Foreign exchange results 10 1 Results on sale of non -current assets (1) (1) Profit before Income Tax 85 129 52.8% Income Tax (33) (34) Net Profit 51 95 84.9% Minority interest (23) (25) Net Profit attributable to parent 28 69 144.4% Adjusted Net Profit Net Profit 51 95 84.9% PPA depreciation Adjustment 50 50 Adjusted Net Profit 101 145 43.5% EPS (€/sh) 0.33 0.56 69.8% Adjusted EPS (€/sh) 0.65 0.86 31.7%
Agenda
Highlights
Business Overview
Financial Position
Outlook & Conclusion 17
Outlook & Conclusion | 18 /Cirsa’s strategy and management execution continue to deliver strong and consistent results across economic cycles ▪72 consecutive quarters of EBITDA growth /2026: another year with strong growth opportunities for both organic and bolt-on acquisitions integration ▪2 acquisitions delivered to further enhance our strategy /Our sound capital structure supports further M&A, enabling growth beyond current long -term guidance ▪Reduced leverage to fund next M&A transactions /Management fully focused on delivering long -term shareholder value ▪Commitment in execution/ Fully on -track to meet high -end of our 2026 guidance / Increasing shareholder remuneration / Leading position in ESG and responsible gaming in our industry Net revenues €2,500 –2,560m +7% -9.5% V.
€800 –820m
+6% -9% V.
EBITDA
7.0-9.0%
Net operating revenues
CAPEX
19