GENTING POSTS NET LOSS OF RM11.56 MLN IN FY2025 FROM NET PROFIT OF RM882.95 MLN

KUALA LUMPUR, Feb 26 (Bernama) -- Genting Bhd posted a net loss of RM11.56 million in the financial year ended Dec 31, 2025 (FY2025) compared to a net profit of RM882.95 million in the previous financial year. 

In a Bursa Malaysia filing today, it said revenue was slightly lower to RM27.71 billion from RM27.72 billion previously mainly due to the strengthening of the ringgit against the Singapore dollar, the British pound and the US dollar partly contributed to the lower revenue and adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) of the group.

“Resorts World Sentosa’s revenue performance was supported by improved contribution from the non-gaming business following the launch of Illumination’s Minion Land at Universal Studios Singapore in February 2025 and the phased introduction of the asset refresh initiatives in the second half of the year, including the Singapore Oceanarium and the new lifestyle mall WEAVE.

“These contributed to an improvement in performance, with operating momentum strengthening towards the end of the year,” it said. 

In addition, it said the gaming business remained stable for the year, with VIP rolling volume demonstrating resilience, although gaming revenue was impacted by a lower win rate.

Meanwhile, it said Resorts World Genting (RWG) recorded higher revenue and adjusted EBITDA in the current financial year compared with the previous financial year, mainly due to higher business volume.

“Besides, the plantation division’s revenue and adjusted EBITDA for the current financial year were higher year-on-year on the back of stronger palm kernel prices and profit realised on carried forward inventory.

“Downstream manufacturing segment registered higher revenue mainly contributed by higher sales volume. However, adjusted EBITDA was lower in the current financial year due to margin deterioration in the earlier quarters,” it said. 

However, Genting said the power division as well as the oil and gas division recorded lower revenue, while investments and others recorded lower adjusted loss before interest, tax, depreciation and amortisation in the current financial year. 

In the fourth quarter (4Q) of FY2025, the company recorded a broader net loss of RM289.97 million, compared to RM169.38 million in 4Q FY2024, while revenue increased to RM6.94 billion from RM6.88 billion previously.

On prospects, it said the regional gaming market is expected to remain stable, supported by tourism-related demand.

“Genting Malaysia Bhd group is cautiously optimistic of the near-term prospects of the leisure and hospitality industry and remains positive in the longer term.

“In Malaysia, Genting Malaysia group is advancing several initiatives to drive visitation growth at RWG in line with Visit Malaysia 2026.

“Key enhancements include the planned launch of Eufloria, a new nature-themed attraction at mid-hill, and the upcoming completion of the revamped 18-hole golf course at Resorts World Awana, further strengthening RWG’s position as a leading regional leisure and entertainment destination,” it said. 

-- BERNAMA