Melco International Development (200) investor relations material

Executive summary

• Net revenues rose 2.7% year-over-year to HK$20.50 billion for the six months ended 30 June 2026, driven by improved gaming operations.

• Adjusted EBITDA declined 5.7% to HK$5.06 billion due to higher operating costs from increased business activity.

• Profit attributable to owners fell 11.8% to HK$309.5 million, with basic EPS at HK$0.14, down from HK$0.18.

• No interim dividend was declared for the period.

Financial highlights

• Casino revenues increased 3.5% to HK$17.11 billion; room revenues up 3.5% to HK$1.73 billion.

• Food and beverage revenues declined 9.2% to HK$1.04 billion.

• Operating income was HK$2.47 billion, down from HK$2.58 billion year-over-year.

• Net asset value per share rose to HK$0.9 from HK$0.8 at year-end 2025.

Outlook and guidance

• Macau tourism momentum remains strong, with targeted investments in premium hospitality and non-gaming attractions.

• International operations face mixed conditions: Manila challenged by macroeconomic pressures, Cyprus impacted by geopolitical uncertainties, Sri Lanka building momentum post-launch.

• Focus remains on disciplined execution, cost management, and strategic investments to drive long-term value.