The group said net profit was impacted by lower interest income due to declining market rates.
Singapore.- Genting Singapore Ltd, operator of Resorts World Sentosa, has reported annual revenue of SGD2.45bn (US$1.94bn) for 2025, down 3.1 per cent year on year. Net profit fell 32.6 per cent to SGD390.3m (US$308.2m).
In unaudited results filed with the Singapore Exchange on Tuesday, the group said net profit was impacted by lower interest income due to declining market rates, as well as fair value losses on portfolio investments recognised during the year.
Full-year adjusted EBITDA reached SGD815.8m (US$644.5m), representing a 15 per cent decline from 2024. The company said the drop reflected ramp-up costs linked to new project launches, operating expenses incurred during temporary closures and continued investment in infrastructure upgrades and technology enhancements.
Chairman and acting chief executive Lim Kok Thay said 2025 was a defining transition year for the group as it advanced a major phase of asset upgrades at Resorts World Sentosa. He said investments underscored the company’s long-term focus on strengthening competitiveness and enhancing the guest experience.
Gaming revenue for the year amounted to SGD1.60bn (US$1.26bn), down 5.9 per cent from 2024, while non-gaming revenue increased 2.6 per cent to SGD847.8m (US$669.3m). The group attributed the gaming revenue decline to a lower win rate, while noting that refreshed attractions and hospitality upgrades supported stronger non-gaming performance in the second half of the year.
As of December 31, net impairment on trade receivables stood at SGD165.1m (US$130.4m), compared with SGD182.8m (US$144.3m) a year earlier. The company said its balance sheet remained strong at the end of the year, with total equity of SGD8.2bn (US$6.47bn) and cash balances exceeding SGD3.2bn (US$2.53bn).
The group said net profit was impacted by lower interest income due to declining market rates. Singapore.- Genting Singapore Ltd, operator of Resorts World Sentosa, has reported annual revenue of SGD2.45bn (US$1.94bn) for 2025, down 3.1 per cent year on year. Net profit fell 32.6 per cent to SGD390.3m (US$308.2m). In unaudited results filed with…
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