Genting Singapore (G13) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was $1,203.6 million, broadly stable year-over-year, with higher non-gaming revenue partly offsetting lower gaming revenue.

• Adjusted EBITDA declined 8% year-over-year to $389.8 million, reflecting higher depreciation and lower interest income.

• Net profit attributable to shareholders fell 34% year-over-year to $156.1 million.

• RWS reported Adjusted EBITDA of $210.8 million in Q2 2026, up 18% quarter-on-quarter and 12% year-on-year.

• The Group continued significant capital expenditure for the RWS 2.0 transformation, impacting cash flows.

Financial highlights

• Gaming revenue decreased 4% year-over-year to $804.4 million, while non-gaming revenue increased 6% to $398.8 million.

• Operating profit dropped 32% to $205.5 million compared to the same period last year.

• Basic and diluted EPS were 1.29 cents, down 34% from 1.94 cents year-over-year.

• Net cash generated from operating activities was $331.4 million, down from $369.1 million in the prior year.

• Interim dividend of 2.0 cents per share declared for the six months ended 30 June 2026.

Outlook and guidance

• The Group is advancing the RWS 2.0 transformation, with enhancements to hospitality, gaming, and attractions expected to be introduced through 2027 and 2028.

• Management remains focused on driving quality visitation, guest engagement, and longer stays amid geopolitical uncertainties and softer tourism demand.

• The Greater Sentosa Master Plan aligns with RWS 2.0, with completion targeted for 2030.

• Commitment to stable and sustainable shareholder returns during redevelopment, while maintaining financial flexibility for future growth.