Genting Singapore reported largely stable financial results for the first half of 2026, with stronger non-gaming performance helping offset softer gaming revenue as Resorts World Sentosa (RWS) continued its multi-year transformation.
Group revenue for the six months ended 30 June reached SG$1.20bn, broadly unchanged from the previous year. Gaming revenue declined 4% year-on-year to SG$804.4m, while non-gaming revenue increased 6% to SG$398.8m, driven by refreshed attractions, hospitality offerings and new guest experiences despite a softer tourism environment.
Adjusted EBITDA fell 8% to SG$389.8m, while net profit declined to SG$156.1m, reflecting higher depreciation, lower interest income and the impact of ongoing asset enhancement works. Earnings per share stood at SG$1.29.
Despite the softer first-half performance, RWS delivered a stronger second quarter. Adjusted EBITDA reached SG$210.8m, improving 18% from the previous quarter and 12% year-on-year, supported by new attractions and operational improvements even as seasonal demand and consumer spending moderated.
RWS H1 2025 VS H1 2026 (SG$ m)
The operator also maintained a strong balance sheet, ending June with SG$8.1bn in total equity and SG$2.9bn in cash and cash equivalents.
Investment in the RWS 2.0 redevelopment programme continued during the period. Following the openings of the Singapore Oceanarium, WEAVE retail precinct, The Laurus hotel and the refurbished Resorts World Convention Centre, Genting Singapore said further renovation works are planned for Hotel Michael, Crockfords Tower, dining outlets and other guest-facing facilities. The upgrades will be phased through 2027 and 2028 to minimise disruption.
The resort has also introduced several new offerings, including Pop Bakery by Pop Mart and a Bearista-themed Starbucks, while Weave received the Outstanding Retail Experience award at the Singapore Tourism Awards 2026.
Looking ahead, management said it remains focused on increasing visitation, extending guest stays and enhancing the integrated resort's long-term competitiveness as RWS 2.0 progresses toward its targeted completion in 2030.
The Board declared an interim dividend of SG$2 per ordinary share, maintaining its commitment to stable shareholder returns while preserving financial flexibility to support the redevelopment programme.
RWS 2.0 remains on track for completion by 2030, with additional hotel and attraction upgrades scheduled over the next two years
