Genting Singapore (G13) Q4 2025 earnings summary

Executive summary

• FY2025 revenue reached $2,452.1 million, reflecting a 3% year-on-year decline due to lower gaming win rates.

• Adjusted EBITDA was $815.8 million, down 15% year-on-year, impacted by ramp-up costs and temporary closures during asset enhancement works.

• Net profit was further affected by lower interest income and fair value losses on portfolio investments.

• FY2025 marked a transition year with significant asset refresh at Resorts World Sentosa, positioning for future growth.

Financial highlights

• Revenue: $2,452.1 million for FY2025, down 3% year-on-year.

• Adjusted EBITDA: $815.8 million, a 15% year-on-year decrease.

• Total equity stood at $8.2 billion as of 31 December 2025.

• Cash balances exceeded $3.2 billion at year-end.

• Total dividend maintained at 4.0 cents per share.

Outlook and guidance

• Asset enhancement and refreshed offerings at RWS are expected to drive future growth.

• Management team strengthened with key appointments to support transformation.

• Continued focus on sustainable shareholder returns and balanced capital management.