Genting Singapore posted a net profit of $94.6 million for 3QFY2025 ending Sept 30, marking a 19% increase y-o-y. Net profit also grew 5% q-o-q to $89.8 million.
During this period, the company saw a 16% y-o-y rise in revenue to $649.8 million while adjusted EBITDA soared 36% y-o-y to $222.7 million.
On a quarterly comparison, revenue and EBITDA increased by 10% and 19% respectively, reaching $588.3 million and $187.9 million.
The company attributed the growth to improved VIP rolling volume, higher win rates, and continued expansion in non-gaming activities.
At Resorts World Sentosa, the completion of the Singapore Oceanarium and the WEAVE lifestyle precinct has led to higher visitor numbers and bolstered non-gaming revenue.
Moreover, the group launched The Laurus, Singapore’s first all-suite hotel under The Luxury Collection with Marriott International.
The progress of the RWS 2.0 developments remains on track, according to the group.
Genting Sing jumps 1.37% at 11:59 am, Nov 7.