Casino group Genting Malaysia registered a net profit attributable to its shareholders of MYR145.9 million (US$37.5 million) in the fourth quarter of 2025, from a net loss of MYR457.9 million in the prior year, it said in a Thursday filing to Bursa Malaysia.
That was amid quarterly revenue in the leisure and hospitality segment in the key market of Malaysia – including gaming at its Resorts World Genting casino complex (pictured) – recording a 2.5 percent year-on-year decline, to MYR1.73 billion.
Malaysia leisure and hospitality adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) in the final quarter of 2025 decreased by 21.1 percent from a year earlier, to MYR386.8 million.
“The softer performance” in Malaysia “was mainly due to lower overall business volumes in the gaming segment at Resorts World Genting and certain one-off expenses relating to payroll and contractual obligations,” said the firm in a press release with the results.
Group-wide, Genting Malaysia reported fourth-quarter revenue of MYR3.01 billion, up 10.4 percent from the prior-year period. Overall adjusted EBITDA for the period stood at MYR692.7 million, compared to MYR180.6 million in fourth-quarter 2024.
“Excluding the impact of forex movements” in the fourth quarter 2025 and the prior year, “adjusted EBITDA improved by 8 percent to MYR578.9 million,” stated Genting Malaysia.
Genting Malaysia announced on Thursday a final single-tier dividend of MYR0.07 per ordinary share for 2025, payable on April 10 this year. For the 2024 financial year, Genting Malaysia paid a final dividend of MYR0.04 per share, amounting to MYR226.7 million.
Maybank Investment Bank Bhd said in a Friday note that Genting Malaysia’s results and dividends “were below” its expectations.
Genting Malaysia’s press release on its results noted: “The group benefitted from the strengthening of the ringgit Malaysia in the quarter, contributing to a net unrealised foreign exchange translation gain of MYR113.8 million, compared with forex loss of MYR356.9 million in the same period last year.”
The firm also runs casinos in the United Kingdom and Egypt, and in the United States and the Bahamas.
New York expansion
The group noted that the approval in December of a full commercial casino licence by the New York State Gaming Commission, for the group’s Resorts World New York City (RWNYC) venue, marked “a key milestone in the group’s expansion in the U.S.”
“The approval enables RWNYC to transition from a racino into a fully integrated commercial casino, strengthening the group’s presence in one of the world’s largest gaming and entertainment markets,” the casino firm stated.
In December, the firm said the first phase of an expanded RWNYC might open in the first half this year.
As of December 31, group-wide trade receivables and other receivables stood at MYR648.1 million, up 17.5 percent from year-end 2024.
Cash and cash equivalents at 2025 year-end were nearly MYR2.85 billion, down 19.5 percent year-on-year.
For full-year 2025, Genting Malaysia reported an 8.9 percent increase in total revenue to MYR11.88 billion.
“The strong performance was supported by higher business volumes across the group’s leisure and hospitality operations in all geographical segments,” said the firm.
Full-year adjusted EBITDA was up 13.3 percent, to nearly MYR3.30 billion.
“During the year, the group benefitted from the strengthening of the ringgit, resulting in higher forex gains of MYR351.6 million on its U.S. dollar-denominated borrowings as compared to MYR115.4 million in the same period last year,” said Genting Malayasia.
It further noted that excluding “forex effects in both years”, adjusted EBITDA increased by circa 5 percent to nearly MYR2.95 billion.
In Malaysia, the group recorded a 4.6 percent increase in revenue last year, to MYR7.13 billion. Adjusted EBITDA in that market grew by 2.2 percent to nearly MYR2.14 billion, “as the higher business volumes registered at Resorts World Genting mitigated the effects of higher operating costs”.
The Malaysia operations registered an adjusted EBITDA margin of circa 30 percent for full-year 2025, the firm said in its press release.
