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Century Casinos (CNTY) investor relations material
Century Casinos Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net operating revenue for Q2 2026 reached $152.0 million, up 1% year-over-year, and Adjusted EBITDAR hit $31.7 million, up 5%, both all-time Q2 records; TTM revenue was $581.0 million and TTM Adjusted EBITDAR $111.5 million.
Net loss attributable to shareholders improved 11% year-over-year to ($10.9) million for Q2 2026.
Recent investments, including acquisitions of the Nugget and Rocky Gap, are now contributing to growth, especially in the Midwest and West regions.
Strategic review process is underway to explore asset sales, partnerships, or a potential sale of the company to enhance shareholder value.
Poland operations underperformed due to regulatory headwinds and casino closures, but signs of improvement are emerging.
Financial highlights
U.S. revenue and EBITDAR up 5% and 12% respectively; Canadian revenue and EBITDAR up 2% and 11%; US West Q2 revenue up 16% and Adjusted EBITDAR up 93%.
Net operating revenue for Q2 2026: $151.995 million, up 1% year-over-year; Adjusted EBITDAR: $31.7 million, up 5%.
Net debt as of June 30, 2026: $276.3 million; cash and cash equivalents: $60.2 million; total principal debt: $336.5 million.
Adjusted EBITDAR margin for Q2 2026: 21%; TTM Adjusted EBITDAR margin: 19.2%.
Free cash flow is expected to improve as Adjusted EBITDAR grows and no major capital expenditures are planned.
Outlook and guidance
Maintenance capital expenditures for 2026 are forecasted at $14.0–$15.4 million, down from $22.0 million in 2025; remaining 2026 CapEx estimated at $9.7 million.
Management expects continued strong performance in North America, especially at the Nugget and in the US Midwest, and improvement in Poland.
Net debt leverage is anticipated to trend toward 6.2x (5.7x without deferred rent) by year-end 2026.
Focus remains on optimizing free cash flow, reducing debt, and disciplined capital allocation.
Strategic review process ongoing, exploring asset sales, partnerships, or a potential sale of the company.
- All agenda items, including director elections and auditor ratification, were approved.CNTY
AGM 2026 - Registering up to $100M in securities to fund gaming growth, acquisitions, and strategic options.CNTY
Registration filing - Ratification of Ernst & Young LLP as auditor follows internal control weaknesses and restatements.CNTY
Proxy filing - Record Q1 revenue and EBITDAR growth, with net loss narrowing and strong North American results.CNTY
Q1 2026 - Virtual meeting to elect directors, ratify auditor, and approve executive pay, with strong governance.CNTY
Proxy filing - Q4 2025 EBITDAR up 13% with margin gains; leverage and outlook improve for 2026.CNTY
Q4 2025 - Q3 revenue down 3% to $155.7M; new casino openings expected to drive 2025 growth.CNTY
Q3 2024 - Q2 revenue up 7% to $146.4M, but net loss deepened on tax and interest costs.CNTY
Q2 2024 - Q1 2025 revenue declined and net loss widened, but margins held and capex is set to decrease.CNTY
Q1 2025
Next Century Casinos earnings date
Next Century Casinos earnings date
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