MCRI

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Monarch Casino & Resort Reports Record Third Quarter 2026 Financial Results

Declares Cash Dividend of $0.30 per Share Payable on December 15, 2026

RENO, Nev., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the third quarter ended September 30, 2026, as summarized below:

($ in thousands, except per share data and percentages)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 Increase 2026 2025 Increase

Net revenue$146,265 $142,814 2.4% $425,412 $405,122 5.0%

Net income 32,005  31,576 1.4%  92,120  78,448 17.4%

Adjusted EBITDA(1)$56,018 $54,848 2.1% $157,968 $147,268 7.3%

Basic EPS$1.80 $1.73 4.0% $5.17 $4.27 21.1%

Diluted EPS$1.76 $1.69 4.1% $5.06 $4.18 21.1%

(1)   Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release.

CEO Comment John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the third quarter of 2026, Monarch delivered record quarterly net revenue and adjusted EBITDA. Net revenue increased 2.4% year-over-year to $146.3 million, reflecting growth in casino, food and beverage, and hotel revenues. Quarterly Adjusted EBITDA grew 2.1% compared to the same period last year. The third-quarter 2026 adjusted EBITDA margin remained near record levels at 38.3%. The third quarter net revenue and adjusted EBITDA growth highlights our ability to drive sustained growth from our two properties.

“We remain focused on delivering market-leading offerings and services, while maintaining operational efficiency. We remain committed to technology and other strategic capital investments that enhance both properties and set the standard for luxury casino resorts in Northern Nevada and Colorado.

“We continue to return capital to stockholders through share repurchases and dividends. In the third quarter of 2026, we purchased, in open market transactions, 300,859 shares of Monarch common stock for $37 million. In the third quarter of 2026, we also returned $5.3 million to stockholders through our quarterly cash dividend. We ended the quarter with a solid cash position of $137.4 million.”

Summary of 2026 Third Quarter Operating Results In the third quarter of 2026, the Company generated net revenue of $146.3 million compared to $142.8 million in the corresponding prior-year period. Casino revenue increased 3.4%, food and beverage (“F&B”) revenue increased 1.3% and hotel revenue increased 0.9%, compared to the same prior-year period.

Selling, general and administrative (“SG&A”) expense for the third quarter of 2026 was $29.0 million compared to $27.5 million in the corresponding prior-year period. As a percentage of net revenue, SG&A expense increased to 19.8% from 19.3% in the corresponding prior-year period. The increase in SG&A expenses is primarily the result of an increase in legal and employee related expenses. Casino operating expense as a percentage of casino revenue was unchanged at 35.8% during the third quarter of 2026 compared to the corresponding prior-year period. During the third quarter of 2026, F&B operating expense as a percentage of F&B revenue decreased slightly to 69.6% from 69.9% in the corresponding prior-year period due to an increase in revenue per cover. Hotel operating expense as a percentage of hotel revenue decreased slightly to 31.3% in the third quarter of 2026 compared to 31.4% in the corresponding prior-year period, primarily due to an increase in Average Daily Rate and a decrease in operating expenses per occupied room.

Net income for the third quarter of 2026 increased 1.4% and diluted EPS increased 4.1% compared to the corresponding prior-year period. The Company generated consolidated Adjusted EBITDA of $56.0 million in the third quarter of 2026, which represents a $1.2 million, or 2.1% increase, compared to the same prior-year period.

Credit Facility and Liquidity As of September 30, 2026, the Company had cash and cash equivalents of $137.4 million and no borrowings against its credit facility.

Capital expenditures of $9.7 million in the third quarter of 2026 were funded from operating cash flow and included costs related to ongoing maintenance capital projects, costs related to the purchase of new gaming equipment at both properties and purchase of land with a building adjacent to Atlantis.

On September 15, 2026, the Company paid a cash dividend of $0.30 per share to its stockholders of record as of September 1, 2026 for a total of $5.3 million. The cash dividend was funded from operating cash flow.

In the third quarter of 2026, the Company purchased in the open market, under its share repurchase plan, 300,859 shares of its common stock, for $37 million. The purchases were funded from operating cash flow. As of September 30, 2026, the Company has 670,644 shares remaining of the 3,000,000 shares origina

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