PETALING JAYA: Genting Malaysia Bhd
's net profit dropped 79% year-on-year (y-o-y) for the third quarter ended Sept 30, 2025 (3Q25) to RM119.7mil, mainly due to lower foreign exchange (forex) gains. This translated to an earnings per share of 2.11 sen.
This was despite a higher revenue, which increased by 22% y-o-y to RM3.4bil contributed by better performance from the leisure and hospitality business in Malaysia, the UK, Egypt, the United States and the Bahamas.
In Malaysia, the group’s leisure and hospitality operations recorded a 19% increase in revenue to RM1.99bil, mainly driven by higher overall business volumes in the gaming segment at Resorts World Genting.
Consequently, adjusted ebitda rose 27% to RM627.4mil, with an adjusted ebitda margin of 31%, representing a two-percentage point improvement from 3Q24.
In the UK and Egypt, revenue from the group’s leisure and hospitality operations grew by 2% to RM546.6mil, aided by contributions from the newly acquired Genting Casino Stratford. Adjusted ebitda declined by 17% to RM86.3mil, mainly due to expected higher operating and payroll related expenses.
In the United States and the Bahamas, the group’s leisure and hospitality operations reported a 64% increase in revenue to RM774.3mil, mainly attributable to the consolidation of Empire Resorts, Inc. and its subsidiaries from June 2025, which added RM332.8mil in revenue. This contributed to the 22% increase in adjusted ebitda to RM151.2mil for the quarter.
For the nine-month period ended Sept 30, 2025 (9M25), the group’s net profit fell by 14% to RM609mil, or earnings per share of 10.75 sen.
Revenue saw an 8% uptick y-o-y to RM8.9bil, mainly from the leisure and hospitality businesses across all geographical segments due to higher volume of business.
This was coupled with contributions from the newly acquired Stratford casino as well as consolidation of GERL Group offset by the strengthening of ringgit against pound sterling and US dollar by 4% and 7% respectively.
Moving forward, Genting Malaysia said international travel demand is expected to remain resilient despite global uncertainties, and the regional gaming market is anticipated to continue improving in line with the positive outlook for international tourism.
Meanwhile, parent company Genting Bhd posted a net profit of RM30.3mil, or earnings per share of 0.79 sen, in 3Q25, down from RM223.8mil, or 5.81 sen, a year earlier.
Quarterly revenue, however, rose 14.3% to RM7.5bil from RM6.54bil previously.
For the nine months to Sept 30, Genting recorded a net profit of RM278.4mil, down 73.5% from RM1.05bil, while revenue was flat at RM20.8bil.
