Genting Berhad has reported a significant decline in quarterly profit despite higher revenue across most of its core divisions, reflecting a more challenging operating environment and the impact of foreign exchange movements.
Profit for the period fell sharply to RM259.4m in the three months to 30 September 2025, compared with RM682.3m in the same quarter last year. The 62% contraction was driven by lower EBITDA, reduced interest income and higher depreciation, partly mitigated by lower impairment losses. Profit before taxation decreased 26% to RM638.4m.
Group revenue rose to RM7.48bn, up 14% year-on-year and 10% quarter on quarter. The leisure and hospitality division contributed RM6.19bn, supported by improvements in Malaysia, Singapore and the United States and Bahamas.
Resorts World Sentosa delivered RM2.14bn in revenue and RM759.4m in EBITDA, marking strong gains due to higher VIP rolling volume and strengthening non-gaming performance. Resorts World Genting also posted higher revenue and EBITDA driven by increased gaming volume.
The UK and Egypt recorded revenue growth of 2% but posted lower EBITDA because of higher payroll and operating costs. In the United States and Bahamas, revenue excluding Resorts World Las Vegas rose due to the consolidation of Genting Empire Resorts. Resorts World Las Vegas continued to face weaker visitation and macroeconomic uncertainty which dampened hotel occupancy and casino results.
Plantation and power operations supported overall earnings, with the oil palm segment recording a modest rise and the power division benefitting from stronger generation at the Banten Plant in Indonesia.
Genting stated that global economic uncertainties may affect the remainder of the financial year although regional tourism demand remains resilient ahead of Visit Malaysia Year 2026. The group said it will focus on operational discipline and long-term growth across its international portfolio.
Basic earnings per share dropped from RM5.81 to RM0.79
