Genting Singapore Reports Decline Amid Transformation

Genting Singapore ( (GIGNF) ) has released its Q2 earnings. Here is a breakdown of the information Genting Singapore presented to its investors.

Genting Singapore Limited is an investment holding company primarily involved in the construction, development, and operation of integrated resorts and casinos, with its flagship property being Resorts World Sentosa in Singapore. The company operates within the leisure and hospitality sector, offering a blend of gaming and non-gaming attractions.

In its latest earnings report for the first half of 2025, Genting Singapore reported a revenue of $1.214 billion, a 10% decline compared to the same period in 2024. The company’s net profit also saw a significant decrease of 34% year-on-year, amounting to $234.7 million. This decline is attributed to the ongoing transformation and redevelopment activities at Resorts World Sentosa, which have temporarily impacted operations.

Key financial metrics highlighted in the report include a 33% drop in operating profit to $300.2 million and a 26% decrease in adjusted EBITDA to $423.7 million. The company faced increased administrative and selling expenses, which rose by 34%, and a notable reduction in interest income by 31%. Despite these challenges, Genting Singapore continued its strategic initiatives, including the launch of new attractions and facilities to enhance its resort offerings.

Looking ahead, Genting Singapore remains committed to its multi-year revitalization plan, RWS 2.0, which aims to transform Resorts World Sentosa into a premier lifestyle and tourism destination. The company anticipates further disruptions due to ongoing construction activities but remains focused on minimizing operational impacts and enhancing its offerings to attract a broader audience. The management is optimistic about the long-term benefits of these strategic investments, positioning the company for future growth and competitiveness in the leisure and hospitality industry.