PETALING JAYA: Genting Malaysia Bhd
’s (GenM) 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 United Kingdom, 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 earnings before interest, taxes, depreciation and amortisation (ebitda) rose 27% to RM627.4mil, with an adjusted ebitda margin of 31%, representing a two-percentage point improvement from 3Q24.
In the United Kingdom and Egypt, revenue from the group’s leisure and hospitality operations grew 2% to RM546.6mil.
For the nine-month period ended Sept 30, 2025 (9M25), the group’s net profit fell by 14% to RM609mil, or an 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 the ringgit against the pound sterling and US dollar by 4% and 7%, respectively.
Meanwhile, Genting Bhd’s net profit for 3Q25 plunged 86.5% y-o-y to RM30.3mil, or an earnings per share of 0.79 sen. The lower profit was mainly due to lower adjusted ebitda, lower interest income and higher depreciation, partially mitigated by lower impairment losses.
Revenue, however, increased by 14.3% y-o-y to RM7.5bil. Genting said its performance for the remaining period of FY25 is expected to be impacted by subdued global growth amid ongoing geopolitical tensions and uncertainties in the international trade environment.
Nonetheless, the group said economic growth in Malaysia is expected to be sustained, supported by domestic demand, although external risks continue to pose challenges to the operating environment.
