Melco International Development's stock soared 6.08% in early trading, following the release of its robust financial results for the fiscal year 2025.
The company reported a significant turnaround, posting a profit attributable to owners of HK$1.06 billion compared to a loss of HK$0.78 billion in 2024. Net revenues grew by 11.2% to HK$40.24 billion, driven by improved performance in casino and hospitality operations across Macau, the Philippines, and Cyprus. Adjusted EBITDA climbed 17.6% to HK$10.62 billion.
Key drivers included the successful revamp of "The House of Dancing Water" show in Macau, which exceeded attendance expectations and boosted non-gaming revenue. The group also expanded its global footprint with the initial opening of City of Dreams Sri Lanka in August 2025, aligning with its asset-light growth strategy. Despite the strong recovery, the Board recommended no final dividend for 2025.
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