NagaCorp posts strong full-year growth with profit up 56 per cent

NagaCorp saw stronger visitor volumes and improved spending patterns across its customer base.

Cambodia.- The Hong Kong-listed casino operator NagaCorp has reported a marked improvement in its financial performance for the year ended December 31, 2025. It saw sustained growth across both mass and VIP segments at its flagship integrated resort, NagaWorld in Cambodia.

The company reported that gross gaming revenue (GGR) rose 27.4 per cent year-on-year to US$691.6m. Net profit increased 56.0 per cent to US$309.9m, while EBITDA rose 38.5 per cent to US$404.4m.

NagaCorp noted stronger visitor volumes and improved spending patterns across its customer base. While mass market GGR increased 22.8 per cent to US$485.0m, VIP GGR rose 39.7 per cent to US$206.6m, underpinned by a 39.4 per cent increase in volume.

The company attributed the performance in its mass segment to a combination of factors, including the continued recovery of tourism in Cambodia, improved leisure and business travel inflows and stronger foreign direct investment activity. The growing urban population within the Greater Mekong Region has also contributed to an expanding customer base.

NagaCorp added that operational enhancements played a role. In 2025, it introduced additional table-side betting options and new gaming products, which helped improve player engagement and spending.

The group stated that the return of business travellers and increased spending by high-value customers were key drivers of VIP results. It also indicated positive momentum in the referral VIP market, which recorded a 17.5 per cent year-on-year increase in average daily rollings. The company said it will continue to strengthen partnerships with reputable referral VIP agents to support long-term growth.

The group has proposed a final dividend of US$0.0109 per share (equivalent to HK$0.0845), with payment scheduled for August 7.

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NagaCorp saw stronger visitor volumes and improved spending patterns across its customer base. Cambodia.- The Hong Kong-listed casino operator NagaCorp has reported a marked improvement in its financial performance for the year ended December 31, 2025. It saw sustained growth across both mass and VIP segments at its flagship integrated resort, NagaWorld in Cambodia. The…