Galaxy Entertainment Group (GEG) reported robust fourth quarter and full year 2025 results, driven by strong tourism recovery and significant expansion in non gaming events. The group’s adjusted EBITDA increased 19% year on year to HK$14.5bn while net profit attributable to shareholders rose 22% to HK$10.7bn.
Chairman Francis Lui said Macau’s visitor arrivals reached a record 40.1 million in 2025, supported by enhanced visa measures and stronger international demand. He added that the group continued to grow across premium mass and super premium mass segments, supported by the soft launch of Capella at Galaxy Macau in 2025 and its grand opening in February 2026.
Galaxy Macau remained the group’s primary earnings driver with full year adjusted EBITDA of HK$13.4bn, up 24%. StarWorld Macau posted HK$1.4bn in adjusted EBITDA, while Broadway Macau and City Clubs reported mixed performances as upgrades and market shifts continued. The operator ended the year with HK$36.3bn in cash and liquid investments.
GEG also announced a recommended final dividend of HK$0.80 per share, following two interim distributions totalling HK$1.20 in 2025.
Management said the company’s strong liquidity allows it to fund development, pursue international opportunities and maintain resilience against economic uncertainty.
Looking ahead, GEG plans to accelerate Phase 4 of its Cotai development, which will feature new luxury hotels, expanded non gaming attractions, a 5,000 seat theatre and a casino.
The operator will also deepen partnerships with global entertainment brands and expand UFC Fight Nights in Macau as part of a broader strategy to enhance customer engagement and diversify revenue streams.
Galaxy Macau hosted about 350 concerts, sporting events and major shows in 2025, underscoring the company’s commitment to Macau’s diversification agenda
