Kuala lumpur: Genting Bhd announced a net loss of RM11.56 million for the financial year ending December 31, 2025 (FY2025), a sharp contrast to the net profit of RM882.95 million reported in the preceding financial year.
According to BERNAMA News Agency, the company disclosed in a Bursa Malaysia filing today that its revenue slightly decreased to RM27.71 billion from RM27.72 billion. This marginal decline was attributed primarily to the strengthening of the ringgit against major currencies such as the Singapore dollar, British pound, and US dollar, which adversely affected revenue and adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA).
The performance at Resorts World Sentosa was bolstered by a robust contribution from its non-gaming segment, following the launch of Illumination's Minion Land at Universal Studios Singapore in February 2025, along with the phased introduction of new assets like the Singapore Oceanarium and the lifestyle mall WEAVE. These developments contributed to improved performance, with operating momentum showing strength towards the end of the year.
The gaming sector displayed stability throughout the year, with VIP rolling volume maintaining resilience despite a dip in gaming revenue due to a lower win rate. Resorts World Genting (RWG) saw increased revenue and adjusted EBITDA, owed largely to higher business volumes.
The plantation division experienced year-on-year revenue and adjusted EBITDA growth, driven by stronger palm kernel prices and profits from carried forward inventory. The downstream manufacturing segment reported higher revenue due to increased sales volume, although adjusted EBITDA fell due to margin deterioration earlier in the year.
Conversely, Genting's power and oil and gas divisions faced revenue declines, while the investments and others segment recorded a reduced adjusted loss before interest, tax, depreciation, and amortisation.
For the fourth quarter of FY2025, Genting reported a widened net loss of RM289.97 million, compared to RM169.38 million in the same period the previous year, although revenue rose to RM6.94 billion from RM6.88 billion.
Looking ahead, the company expects the regional gaming market to remain stable, supported by tourism-related demand. Genting Malaysia Bhd group remains cautiously optimistic about the near-term prospects of the leisure and hospitality industry, maintaining a positive outlook for the longer term. In Malaysia, the group is investing in initiatives to boost visitor numbers at RWG, including the launch of Eufloria, a nature-themed attraction, and the completion of a revamped golf course at Resorts World Awana, aiming to solidify RWG's status as a premier regional leisure and entertainment hub.