Revenue for the 1HFY2025 came in 10% y-o-y lower at $1.21 billion, and gross profit came in 16% y-o-y lower at $406.9 million.
The group says the performance for the first quarter moderated y-o-y due to the absence of 2024’s visa-driven demand, but revenue grew 3% in the second quarter to $588.3 million driven by the growth in VIP rolling volume and higher win rate, and increased visitorship to Universal Studios Singapore.
The group’s adjusted EBITDA for the second quarter of 2025 was $187.9 million, a 7% decline from the prior year, reflecting the impact of higher costs and the temporary closure of S.E.A. Aquarium in May and June this year to facilitate the opening of the Singapore Oceanarium.
Genting says that as RWS 2.0 progresses, it anticipates impacts from ongoing brown-field construction and phased closures – an integral part of executing a large-scale transformation within an operating resort environment.
Management remains focused on disciplined resource allocation and minimising disruption to existing operations.
The board has recommended a dividend of 2 cents per ordinary share for the 1HFY2025.
Shares in Genting Singapore has closed 0.5 cents higher or 0.667% up at 75.5 cents on Aug 7.
