Genting Singapore, which operates the Resorts World Sentosa, has reported a 33% drop in its FY2025 earnings to $390.3 million, on the back of a 3% dip in revenue to $2.45 billion.
For the full year, gaming revenue was down 6% to $1.6 billion while non-gaming revenue was up 3% yo $847.8 million, thanks to 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.
Genting Singapore continues to incur higher costs as it undergoes a multi-year expansion and refurbishment even as it keeps operating in a "live" environment in a key "transition" year.
"These investments form part of the Group’s ongoing repositioning of RWS as an experience-based integrated resort destination," says Genting Singapore.
"2025 was a defining transition year as we advanced a major phase of our asset refresh at RWS," says executive chairman and acting CEO Lim Kok Thay.
"These investments reflect our long-term commitment to enhancing our competitiveness and elevating the guest experience," he adds.
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Despite the lower earnings, Genting Singapore plans to pay a final dividend of 2 cents per share, which will bring its full-year payout to 4 cents, which is the same as FY2024.
Separately, the company announced the appointment of two new independent directors, Helen Chen and Chong Kin Leong.
Genting Singapore shares closed at 79 cents.
