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Sands China ( (HK:1928) ) has provided an update.
Sands China reported a strong first quarter of 2026, with total net revenues rising 23.6% year on year to US$2.10 billion under US GAAP, reflecting solid growth in its Macao operations. Net income climbed 45.5% to US$294 million and adjusted property EBITDA increased to US$633 million from US$535 million, underscoring improved operating leverage as parent Las Vegas Sands pursues its strategic focus on premium service, hospitality and entertainment.
The figures, disclosed via Las Vegas Sands’ New York regulatory filings and earnings call, highlight Sands China’s strengthening financial performance despite differences between U.S. GAAP and IFRS reporting standards. The results signal continued recovery momentum in Macao and support the group’s ability to return more capital to shareholders, with investors advised to consider accounting framework differences when assessing comparability.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$22.86 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
More about Sands China
Sands China Ltd. is a Macao-based integrated resort and casino operator controlled by U.S.-listed Las Vegas Sands Corp., which owns about 74.8% of its share capital. The company generates its revenue primarily from gaming, hospitality, and entertainment offerings in Macao, positioning it as a key beneficiary of the territory’s tourism and gaming demand.
Average Trading Volume: 14,420,849
Technical Sentiment Signal: Sell
Current Market Cap: HK$140.6B
Find detailed analytics on 1928 stock on TipRanks’ Stock Analysis page.