Fourth-quarter net profit at Paradise Co Ltd, a South Korean operator of foreigner-only casinos, declined by 3.6 percent year on year to nearly KRW35.18 billion (US$24.2 million), according to a Tuesday statement.
The firm also announced a final-year dividend of KRW150 per share, amounting in aggregate to nearly KRW13.13 billion. The dividend will be paid on April 24, the company flagged to the Korea Exchange.
Paradise Co’s aggregate fourth-quarter sales totalled nearly KRW293.85 billion, up 10.5 percent year on year. The company said the performance was “driven by revenue growth contributions from Paradise City casino and Hotel Busan”.
Paradise Co’s sales at Paradise City, an integrated resort in Incheon operated as a joint venture with Japan’s Sega Sammy Holdings Inc, rose 20.9 percent year-on-year to KRW156.11 billion in the October-to-December period. The company said fourth-quarter sales from the Paradise Sega Sammy Co Ltd unit were a “record”.
Gaming sales at the complex stood at KRW124.35 billion, up 24.8 percent from a year earlier.
“Mass drop continued strong growth with a 34.9 percent year-on-year increase in the fourth quarter of 2025, following a 42.3 percent year-on-year increase in the third quarter,” Paradise Co said.
Gaming sales at Paradise Co’s three wholly controlled properties declined by 1.4 percent year-on-year to KRW102.72 billion in the three months to December 31. The company’s wholly controlled gaming venues are located in Seoul, Busan and Jeju.
The group’s fourth-quarter operating profit fell by 14.0 percent to KRW16.72 billion. Operating profit margin declined by 16 basis points to 5.7 percent.
Group-wide earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at KRW35.27 billion in the reporting period, an 8.2 percent decrease from the prior-year period.
Paradise Co said it achieved “record-high annual revenue” of KRW1.15 trillion in full-year 2025, an increase of 7.3 percent compared with the previous year. Full-year operating profit stood at KRW156.4 billion, up 14.9 percent year on year.
