The Société des Bains de Mer (SBM) officially released its report for the 2024/2025 fiscal year during a meeting of its Board of Directors on May 26 and 27, 2025. The SBM Group announced a solid financial year, with revenue up 9% to €768 million.
The positive year was “driven by strong activity in the Resort during the summer and holiday seasons, the opening of the Amazónico restaurant on April 4, 2024, and the reopening of the Café de Paris Monte-Carlo brasserie in November 2023,” says the SBM.
The SBM also revealed that their operating income was up €0.9 million to €74.5 million. Net income reached €110.1 million, an increase of €6.2 million.
“The entire 2024/2025 fiscal year was very dynamic and confirmed the relevance of our strategy….The hotel business performed particularly well in terms of both volume and average price. The restaurant business also grew strongly,” said Stéphane Valeri, Deputy Chairman of Société des Bains de Mer.
Hotel revenue up, Gaming revenue down
The SBM’s hotel revenue for 2024/2025 was up 16% totalling €399.9 million, driven in part by an increase in occupancy rates and average hotel prices during the summer season and during the second half of the financial year.
Gaming revenue, on the other hand, totalled €215.5 million, down 3%. This was attributed to “lower uncertainty compared to the previous financial year, while gaming volume is slightly up despite the rigorous application of new compliance rules,” said the SBM.
Rental revenue was up 11% to €149.9 million, with the gradual leasing of new commercial spaces available at the renovated Café de Paris complex, a very low overall vacancy rate, as well as the contractual application of the Rent indexations.
The financial result for the 2024/2025 fiscal year shows a profit of €35.6 million, compared to a profit of €30.3 million for the previous fiscal year. “This strong financial performance is mainly due to the good profitability of the Group’s financial investments,” said the SBM.
Financial Structure and Investments
Group shares stand at €1,643 million as of March 31, 2025, compared to €1,567 million as of March 31, 2024, benefiting from the positive net income for the year. As of March 31, 2025, the SBM had a positive net cash position of €186.3 million compared to a positive net cash position of €68.9 million as of March 31, 2024.
The continuation of the investment program represented a disbursement of €101.6 million over the fiscal year, including the start of a complete renovation program for rooms at the Hôtel Hermitage.
Look ahead…
According to the SBM, financial activity in the first two months of the new 2025/2026 fiscal year is fully in line with that observed in the 2024/2025 fiscal year.
The SBM Group has been very busy recently, with the openings of Marlow, Jondal at the Vigie Monte-Carlo, the Cédric Grolet boutique at the Hôtel de Paris Monte-Carlo and the Monte-Carlo Cigar Club.
