Lotte Tour Development Co Ltd reported a sharp earnings recovery for 2025, supported by higher patronage at the Jeju Dream Tower integrated resort and tax effects under Korea’s group taxation framework. The results were disclosed in a filing to the Korea Exchange.
Preliminary consolidated revenue rose 38.6% year-on-year to KRW 653.4bn, up from KRW 471.5bn. Operating income increased 267.4% to KRW 143.3bn, reflecting stronger resort activity and improved operating leverage.
Net income from continuing operations narrowed to a loss of KRW 4.5bn from KRW 122.5bn, but the recognition of deferred tax income helped lift full-year net profit to KRW 37.1bn, compared with a KRW 116.6bn loss the year before.
Total assets remained stable at KRW 2.17trn, while total liabilities fell to KRW 1.79trn from KRW 1.85trn. Shareholders’ equity increased to KRW 377.8bn from KRW 313.1bn on improved profitability.
The company said Jeju Dream Tower’s customer growth was the primary driver of higher sales and operating income. It added that the application of consolidated taxation contributed to improved net income through deferred tax recognition.
Jeju Dream Tower Casino is one of several licensed foreigner player-only casinos on Jeju Island, operating under a permit transferred from Lotte Hotel Jeju, which closed on 9 April 2021. The resort’s casino business recorded strong upward momentum in 2025, posting full-year casino sales of KRW 476.6bn, up 61.8% year on year.
Lotte Tour noted that the figures are unaudited and subject to change after external audit procedures and shareholder approval. The board approved release of the preliminary results on February 12, with one outside director noted as absent.
The company said consolidated taxation allowed recognition of deferred tax assets that contributed to the profit turnaround
