Galaxy Entertainment: Net income for the third quarter was HK$12.2 billion, up 14% year-on-year.

date
06/11/2025
On November 6th, Galaxy Entertainment Group announced on the Hong Kong Stock Exchange that in the third quarter of 2025, the group's total gaming revenue was 12.2 billion Hong Kong dollars, a year-on-year increase of 21% and a quarterly increase of 2%. The group recorded a net income of 12.2 billion Hong Kong dollars in the third quarter, a year-on-year increase of 14% and a quarterly increase of 1%. Mid-range gaming revenue totaled 9.5 billion Hong Kong dollars, a year-on-year increase of 13% and a quarterly increase of 7%. VIP gaming revenue totaled 2 billion Hong Kong dollars, an annual increase of 86%, but a quarterly decrease of 15%. Slot machine gaming revenue totaled 738 million Hong Kong dollars, an annual increase of 11% but a quarterly decrease of 6%. "Galaxy Macau" is the main source of income and profit contribution for the group. In the third quarter of 2025, net income was 10.1 billion Hong Kong dollars, an annual increase of 20% and a quarterly increase of 1%. Adjusted EBITDA was 3.1 billion Hong Kong dollars, an annual increase of 20% but a quarterly decrease of 8%. In the third quarter of 2025, the net win rate of "Galaxy Macau" gaming business was higher, leading to an increase of approximately 18 million Hong Kong dollars in adjusted EBITDA. After normalizing the net win rate, adjusted EBITDA increased by approximately 18 million Hong Kong dollars.