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Sands China ( (HK:1928) ) has shared an update.
Sands China has disclosed key extracts of its controlling shareholder Las Vegas Sands Corp.’s fourth-quarter and full-year 2025 results, highlighting steady revenue growth from its Macao operations despite a slight dip in profitability. On a US GAAP basis, Sands China’s net revenue rose 16.4% year-on-year to US$2.05 billion in the fourth quarter, with net income slipping to US$213 million from US$237 million, while full-year 2025 net revenue increased 5.1% to US$7.44 billion and net income eased to US$901 million from US$1.05 billion; adjusted property EBITDA edged up to US$608 million in Q4 but was broadly flat at US$2.31 billion for the year, underscoring solid but moderating earnings momentum as the group continues heavy capital investment in Macao and Singapore. Management emphasized that Sands China’s long-term investment in enhancing Macao’s tourism and meetings infrastructure, underpinned by strong cash generation, is expected to support future growth and reinforce its competitive position in the region’s integrated resort market, although investors are reminded that the reported figures are prepared under US GAAP and differ from the IFRS standards used in the company’s own reporting.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$21.00 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., incorporated in the Cayman Islands and listed in Hong Kong, operates the Macao resort and gaming assets of U.S.-listed Las Vegas Sands Corp. The company focuses on integrated resorts, casino gaming, and business and leisure tourism in Macao, positioning itself as a key beneficiary of the territory’s development as a global centre for business and leisure travel.
Average Trading Volume: 13,306,984
Technical Sentiment Signal: Sell
Current Market Cap: HK$152.4B
Learn more about 1928 stock on TipRanks’ Stock Analysis page.