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Melco International Development (200) investor relations material

Melco International Development Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Total operating revenues for Q3 2025 reached $1.31 billion, up 11% year-over-year, driven by improved gaming and non-gaming operations.

  • Operating income rose to $184.5 million from $138.6 million in Q3 2024.

  • Net income attributable to shareholders was $74.7 million, or $0.19 per ADS, compared to $27.3 million, or $0.06 per ADS, in Q3 2024.

Financial highlights

  • Adjusted Property EBITDA for Q3 2025 was $380.4 million, up from $322.6 million in Q3 2024.

  • Casino revenues for Q3 2025 were $1.06 billion, up from $944.4 million in Q3 2024.

  • Total operating costs and expenses for Q3 2025 were $1.12 billion, up from $1.04 billion in Q3 2024.

  • Depreciation and amortization costs for Q3 2025 were $138.3 million.

Outlook and guidance

  • Capital expenditures for Q3 2025 were $67.6 million, including enhancement projects in Macau and Sri Lanka.

  • Available liquidity as of 30 September 2025 was approximately $2.60 billion, including cash and undrawn credit facilities.

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Frequently asked questions

Melco International Development Limited is an investment holding company with a primary focus on the gaming, leisure, and entertainment sectors. The company is involved in the development and operation of integrated casino resorts, primarily through its subsidiary, Melco Resorts & Entertainment. Melco’s portfolio includes luxury casino resorts, hotels, and entertainment facilities located in Asia and Europe. The company’s operations emphasize high-end hospitality, gaming, and recreational experiences aimed at international and regional tourists. The company is headquartered in Hong Kong, China, and its shares are listed on the HKEX.

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