Genting Singapore's 1HFY2026 earnings down 34% y-o-y to $156 mil; declares interim dividend of 2 cents per share

Teo Zheng Long08-13

Gaming revenue stood at $804.4 million, 4% lower y-o-y while non-gaming revenue rose 6% y-o-y to $398.8 million, supported by refreshed attractions, hospitality and experiential offerings.Genting ...

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Genting Singapore explains that the lower bottom line was due to higher depreciation, lower interest income and asset refresh works.\nRevenue in the same period was down marginally by 1% y-o-y to $1.2 billion. The lower revenue was mainly due to lower gaming revenue while partially offset by higher non-gaming revenue.\nGaming revenue stood at $804.4 million, 4% lower y-o-y while non-gaming revenue rose 6% y-o-y to $398.8 million, supported by refreshed attractions, hospitality and experiential offerings.\nAs at June 30, Genting Singapore held cash and cash equivalent worth $2.9 billion on its balance sheet.\nIn conjunction with the results, Genting Singapore's board of directors has declared an interim dividend of 2 cents per share.\nMeanwhile, Genting Singapore shares that the RWS 2.0 remains on track for completion in 2030, in tandem with the government's timeline to enhance connectivity and overall offerings under the Greater Sentosa Master Plan. \n\"With a new committed and energised leadership team and a clear transformation roadmap, we are now building a bold, dynamic and innovative resort that delivers compelling entertainment and experiences to our guests and long-term value for our shareholders,\" says Tan Sri Lim Kok Thay, chairman and acting CEO of Genting Singapore.\nShares of Genting Singapore closed 1.5 cents lower, or down 2.34% at 62.5 cents on Aug 13.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659193678","isCrawlerRequest":true}