SJM Holdings ( (SJMHF) ) has released its Q2 earnings. Here is a breakdown of the information SJM Holdings presented to its investors.
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SJM Holdings Limited is a prominent investment holding company based in Hong Kong, primarily engaged in the development and operation of casinos and related facilities, as well as hotel, catering, retail, and leasing services in Macau. The company is a key player in the gaming industry, with a significant presence in Macau’s casino market.
In its latest earnings report for the first half of 2025, SJM Holdings reported a total net revenue of HK$14,639 million, marking a 6.1% increase from the previous year, driven mainly by gaming revenue. However, the company recorded a loss attributable to owners of HK$182 million, slightly higher than the loss of HK$162 million in the same period last year. The adjusted EBITDA decreased by 5.1% to HK$1,646 million.
Key financial highlights include a 5.7% increase in net gaming revenue to HK$13,628 million and a 26.2% rise in electronic game gross gaming revenue. The Grand Lisboa Palace Resort and Grand Lisboa reported mixed results, with the former seeing a significant increase in revenue and occupancy rates, while the latter experienced a slight decline in gaming revenue. The company also announced strategic expansions, including a new hotel project in Hengqin and the optimization of satellite casinos.
Looking ahead, SJM Holdings is focused on strategic expansion and optimization. The company plans to cease operations at several satellite casinos while evaluating property acquisitions to enhance its portfolio. Additionally, SJM is investing in new culinary and MICE facilities to drive revenue and attract high-value business, alongside initiatives to boost cultural and sports tourism in Macau.
The management of SJM Holdings remains committed to strengthening its market position and enhancing operational efficiency. With ongoing expansions and strategic initiatives, the company aims to capitalize on the growing demand for integrated tourism and entertainment experiences in Macau.