Melco International Development (00200) announced its annual results for the year ended December 31, 2025. The group recorded net revenue of HKD 40.24 billion, an increase of 11.2% compared to the previous year. This growth was primarily attributed to improved performance in casino and hotel operations. Profit attributable to owners of the company was HKD 1.06 billion, a significant turnaround from a loss of HKD 780 million attributable to owners in the 2024 financial year. Basic earnings per share for the company's owners stood at HKD 0.50. In Macau, strategic investments aligned with the city's development vision yielded substantial results in both commercial and cultural sectors, with the new chapter of "The House of Dancing Water" show serving as a prime example. The show achieved attendance rates exceeding expectations, driving growth in non-gaming revenue. This has reinforced Macau's appeal as a premier entertainment destination and actively supports its goal of developing into a world-class tourism and leisure hub. The performance team for "The House of Dancing Water" was awarded the Tourism Merit Medal by the Macau government, recognizing its outstanding contribution to the promotion and development of the local tourism industry. City of Dreams Sri Lanka officially opened in the third quarter of 2025, further expanding the group's global footprint. This project exemplifies the group's asset-light strategy, which aims to maximize returns while mitigating risk. It also helps the group tap into markets such as India and the Middle East, providing a clear blueprint for steady growth in emerging markets. The group's strong resilience is also reflected in its diversified business portfolio. City of Dreams Manila implemented rigorous cost optimization measures to navigate an increasingly competitive market. Meanwhile, City of Dreams Mediterranean and its satellite casino in Cyprus maintained stable performance.
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