Genting Singapore Q1 net profit plummets 55% to SG$65.2m

Genting Singapore has reported its latest financial results, highlighting a mixed bag in comparison to results from the year prior.  

The operator has, indeed, experienced some notable financial losses in comparison to the first quarter of 2025 – with non-gaming revenues marking the only year-over-year departmental revenue upswing.  

Genting on a yearly decline 

Overall, Genting Singapore unveiled a revenue figure of SG$607.6m (US$477.7m) for the first quarter of 2026, down 3% year-over-year. Of that figure, gaming revenues accounted for SG$406.4m was accounted for by gaming, an 7% decline in comparison to the year prior – while the remaining SG$204.1m was made up of non-gaming revenues, up 8% year-over-year.  

Perhaps more troubling, however, adjusted EBITDA dropped by 24% in comparison to the first quarter of 2025, settling at SG$174.4m, while net profits plummeted 55% to SG$65.2m.  

These drops have been attributed to rising cost pressures attached to geopolitical instability largely deriving from conflict in the Middle East – according to Genting.  

One quarter at a time 

Comparing these latest quarterly results to the final quarter of last year makes for better reading, with overall revenues up 3% in comparison to Q4 2025. Similarly, Q1 gaming revenues have increased 11% quarter-over-quarter, despite a 10% decline in non-gaming revenues over the same period.  

Net profit has also risen by 7% in comparison to the final quarter of last calendar year, with adjusted EBITDA also up 6%.  

As outlined by the operator as part of its report, Genting Singapore made “steady” operational progress over the course of the first quarter, with improved gaming revenue momentum towards the end of the three-month period and increased visitation to non-gaming venues. It was a busy quarter for the operator, which formally appointed Lim Kok Thay as the new Chair of Resorts World Sentosa.  

Comments from the board...  

Speaking on these mixed results on behalf of the organisation as part of this release, Liew Lan Hing, Genting Singapore’s Company Secretary, stated: “The ongoing conflict in the Middle East and current geopolitical developments have increased cost pressures across supply chains, including higher energy, freight and logistics expenses, while elevated airfares are weighing on travel demand and dampening consumer sentiments.  

“The Group is proactively addressing these challenges while also seeking to capture opportunities through targeted programming and market-focused initiatives. The Group remains focused on asset optimisation to enhance guest experience and broaden revenue streams.”  

Conclusively, Lan Hing underlined: “The Group will invest in additional new concepts, hotel and asset enhancements, amenities and technological applications. Management continues to focus on enterprise-wide integration to strengthen operational coherence, enhance organisational stability and unlock synergies.”