Genting Malaysia Berhad announced its financial results for the first quarter ended 31 March 2026, reporting total revenue of RM2,866.9 million, a 10% improvement from the same period last year (“1Q25”). However, adjusted earnings before interest, taxation, depreciation and amortisation
(“EBITDA”) declined by 13% to RM644.7 million.
The Group recorded lower net unrealised foreign exchange translation gains of RM14.6 million in 1Q26, compared with RM50.4 million in 1Q25, arising from the translation of the Group’s USD denominated borrowings. Excluding this impact, the Group’s adjusted EBITDA would have declined by 8% year-on-year.
This resulted in a 77% decline in profit before taxation to RM43.1 million, partly attributable to the pre-opening expenses in relation to Resorts World New York City’s transition into a full-scale commercial casino. The Group recorded a net loss of RM25.2 million in 1Q26, compared with a net profit of RM52.0 million in 1Q25.
In Malaysia, revenue from the Group’s L&H operations grew by 3% to RM1,668.6 million, mainly
attributable to higher contributions from the gaming segment. Adjusted EBITDA declined slightly by 1% to RM512.1 million, primarily due to higher payroll and related expenses.
In the United Kingdom (“UK”) and Egypt, the Group’s L&H operations reported an 11% increase in revenue to RM460.7 million, primarily attributable to contributions from the newly acquired Genting Casino Stratford in April 2025, which cushioned the adverse impact of the geopolitical tensions in the Middle East. Adjusted EBITDA was lower by 8% to RM50.9 million. In the United States of America (“US”) and the Bahamas, the Group’s L&H operations reported a 39%
increase in revenue to RM694.4 million with the consolidation of Empire Resorts, Inc. and its subsidiaries (“Empire”). This partially offset the impact of gaming floor disruptions at RWNYC during its transition to a commercial casino. Adjusted EBITDA declined by 32% to RM80.5 million, partly due to higher operating and payroll related expenses associated with the transition to a commercial casino.
