Genting Singapore has reported a net profit of $94.6 million for the 3QFY2025 ended Sept 30, up 19% y-o-y. On a q-o-q basis, net profit grew 5% to $89.8 million.
For the reporting period, revenue grew 16% y-o-y to $649.8 million and adjusted ebitda grew 36% y-o-y to $222.7 million.
Revenue and ebitda on a q-o-q basis grew 10% and 19% respectively to $588.3 million and $187.9 million.
Genting says that the uplift was driven by improved VIP rolling volume and win rate, and continued growth across non-gaming business.
At Resorts World Sentosa, the completion of Singapore Oceanarium and WEAVE lifestyle precinct has attracted higher footfall and strengthened non-gaming revenue.
The group also debuted The Laurus, Singapore’s first The Luxury Collection all-suite hotel with Marriott International.
See also: CapitaLand Investment total revenue up 7% to $1,568 mil for 9MFY2025
The group says that RWS 2.0 developments are progressing well.
Shares in Genting Singapore closed flat at 73 cents on Nov 6.
