SJM Holdings Reports Strong Financial Turnaround for 2024

SJM Holdings ( (SJMHF) ) has released its Q4 earnings. Here is a breakdown of the information SJM Holdings presented to its investors.

SJM Holdings Limited is a prominent operator and developer of casinos and related facilities in Macau, focusing on gaming and hospitality services. The company recently reported a significant financial turnaround for the year ending December 31, 2024, with a 33.8% increase in net gaming revenue and a return to profitability, posting a profit of HK$3 million compared to a loss of HK$2,010 million in 2023. Key highlights include a 117.9% rise in adjusted EBITDA to HK$3,764 million and substantial growth in revenue from its Grand Lisboa Palace and Grand Lisboa properties. The company also reported a strong performance in its hotel operations, with high occupancy rates and increased revenue per available room. Looking forward, SJM Holdings aims to expand its non-gaming portfolio and enhance its market position through strategic investments and developments in Macau and the Greater Bay Area, supporting Macau’s economic diversification.