Crown Resorts has reported a return to profitability for the first time in five years, posting a net profit after tax of AU$142m (US$93.7m) for the financial year ended 30 June 2025.
The result follows an AU$164.8m loss in FY24 and marks a significant turnaround after years of regulatory scrutiny and financial strain.
EBITDA for FY25 surpassed AU$450m, supported by improved performance across the group's properties in Sydney and Perth, alongside continued cost discipline. The company cited its fifth consecutive quarter of positive momentum, driven by operational efficiencies and stronger gaming revenues.
Macroeconomic factors, such as high living costs and slower tourism recovery, continue to affect discretionary spending and visitation levels across all venues.
Crown completed the payment of its AU$450m fine issued by AUSTRAC in 2023 for anti-money laundering and counter-terrorism compliance failings.
The group also regained full regulatory suitability in Victoria, New South Wales and Western Australia, restoring its casino licences in all three markets for the first time since multiple state inquiries deemed it unfit to hold them between 2021 and 2023.
CEO David Tsai said the results marked a turning point for the operator, which is now shifting from remediation to growth.
Tsai said: "Crown Resorts is entering a new chapter, marked by improved financial performance, operational stability and a renewed focus on growth."
Crown has outlined plans for capital investment across its properties, including new dining and entertainment offerings and a major overhaul of its gaming floors under new regulatory frameworks.
Mandatory carded play is now fully implemented across Crown Sydney, with electronic table games and slot machines in Crown Melbourne also covered. The rollout at Crown Perth is due for completion by 1 December 2025.
Earlier this year, Crown partnered with Mindway AI to introduce the GameScanner player protection system across its casinos. The technology, trained to detect early signs of harmful gambling behaviour, represents the largest land-based integration of its kind and forms part of Crown's broader PlaySafe programme.
The group said it remains in the early phase of investment for future growth, while continuing to navigate cost pressures, economic headwinds, and complex regulatory environments in Australia's three largest states.
The operator noted that FY25 EBITDA excludes debt servicing and capital maintenance costs
