NagaCorp ( (NGCRF) ) has released its Q2 earnings. Here is a breakdown of the information NagaCorp presented to its investors.
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NagaCorp Ltd., a prominent player in the gaming and resort industry, operates the NagaWorld complex in Phnom Penh, Cambodia, and holds a unique position with an exclusive gaming license in the region. The company recently reported its interim results for the first half of 2025, showcasing significant growth in key financial metrics and a robust recovery in its gaming segments.
The company’s gross gaming revenue (GGR) increased by 17.2% to $332.3 million, driven by a strong performance in both the Mass Market and VIP Market segments. Notably, the Mass Market segment saw a 20.9% increase in GGR, while the VIP Market grew by 9.6%. Excluding a previous non-cash impairment loss, net profit surged by 68.8% to $148.8 million, and EBITDA rose by 38.5% to $200.3 million.
NagaCorp’s Mass Market segment remains a cornerstone of its performance, contributing 67.9% of total revenue with an impressive gross profit margin of 89.1%. The Premium VIP Market also showed strong growth, with rollings increasing by 87.9% year-on-year. The company’s financial health is further evidenced by a significant increase in cash and bank balances, reaching $245.3 million.
Looking ahead, NagaCorp’s management remains optimistic about future growth, supported by the ongoing recovery of Cambodia’s tourism sector and strategic initiatives to enhance customer experience and operational efficiency. The company has also resumed its cash dividend, reflecting confidence in its financial stability and commitment to shareholder returns.