Melco International Development Limited (Stock Code: 200) has released the unaudited third-quarter 2025 financial results of its Nasdaq-listed subsidiary, Melco Resorts & Entertainment Limited. Melco Resorts reported total operating revenues of US$1.31 billion, an increase of about 11% compared to US$1.18 billion in the same period last year, reflecting stronger performance across both gaming and non-gaming segments. Operating income reached US$184.5 million, up from US$138.6 million, while Adjusted Property EBITDA stood at US$380.4 million, compared with US$322.6 million a year earlier.
Net income attributable to Melco Resorts came in at US$74.7 million, or US$0.19 per ADS, compared with US$27.3 million, or US$0.06 per ADS, in the prior-year period. The company’s total net non-operating expenses reached US$121.6 million, mainly driven by interest expense, while depreciation and amortization were US$138.3 million. As of 30 September 2025, Melco Resorts had total cash and bank balances of US$1.61 billion and total debt of US$7.35 billion, net of unamortized financing costs. Capital expenditures during the quarter amounted to US$67.6 million, mainly for upgrades at City of Dreams in Macau and Studio City, as well as the fit-out of City of Dreams Sri Lanka.
Melco Resorts also undertook significant debt repayments and refinancings, including repayment of principal amounts under various credit facilities and the issuance of US$500 million senior notes due 2033. After quarter-end, the company repaid an additional HK$1,403.0 million in revolving credit facilities. Its overall liquidity, including cash and undrawn revolving credit, totaled approximately US$2.60 billion as of 30 September 2025. Further details of the results can be found on the official website of Melco International and on the Hong Kong Stock Exchange’s website.
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