Genting Berhad announced a 25% year-on-year increase in net profit for the fourth quarter of fiscal year 2025, reaching RM320 million, surpassing market expectations. The robust performance was primarily driven by the sustained recovery of the global tourism sector, particularly its gaming and leisure operations in Malaysia and Singapore. This positive earnings report signals a strong rebound for the integrated resorts operator, benefiting from increased visitor arrivals and higher spending across its properties, setting a positive tone for the upcoming fiscal year.
Genting Berhad today reported encouraging results for the fourth quarter of fiscal year 2025, with net profit surging 25% year-on-year to RM320 million, exceeding analysts' consensus estimates. The company's revenue also saw an 18% increase, reaching RM6.5 billion. This robust performance is primarily attributed to the sustained recovery of the global tourism sector, particularly the increased visitor arrivals and spending at Resorts World Genting in Malaysia and Resorts World Sentosa in Singapore. Furthermore, its UK gaming operations also demonstrated solid performance. Management stated that with further easing of international travel restrictions and active regional economic activity, the company expects to maintain its growth momentum in the coming quarters. The company's share price rose 1.5% to RM4.75 after the earnings announcement, reflecting optimistic market sentiment regarding its future prospects.
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