Genting Singapore FY2025 revenue at S$2.45b, Adjusted EBITDA down 15% to S$815.8m, dividend held at 4.0 cents amid RWS asset refresh
Summary:
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FY2025 revenue came in at S$2,452.1 million, with Adjusted EBITDA of S$815.8 million, reflecting a 3% year-on-year dip in revenue and a 15% decline in EBITDA as asset enhancement works at Resorts World Sentosa (RWS) weighed on earnings.
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Gaming revenue was hit by a lower win rate, while non-gaming revenue strengthened in 2H as refreshed attractions and hospitality offerings at RWS lifted guest engagement and resort activity.
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Profitability was further pressured by lower interest income from falling market rates and fair value losses on portfolio investments recorded during the year.
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The Group closed FY2025 with a strong balance sheet, total equity of about S$8.2 billion and cash balances above S$3.2 billion, supporting ongoing capex and strategic investments.
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The board proposes a final dividend of 2.0 cents per share, maintaining total FY2025 dividends at 4.0 cents, in line with its balanced capital management and commitment to sustainable shareholder returns.