Galaxy Entertainment Group H1 net revenue reaches US$3.11bn
The company posted a 4 per cent year-on-year increase in net revenue.
Macau.- Galaxy Entertainment Group (GEG) has reported solid financial results for the three-month and six-month periods ended June 30, 2026. For the first half of 2026, net revenue reached HK$24.23bn (US$3.11bn), up 4 per cent year-on-year. Adjusted EBITDA rose 1 per cent year-on-year to HK$6.96bn (US$891.8m).
Net Profit Attributable to shareholders reached HK$5.30bn (US$679.5m), up 1 per cent year-on-year. Adjusted for bad luck in gaming operations (which reduced EBITDA by approximately HK$23m / US$2.9m), normalised 1H26 Adjusted EBITDA grew 14 per cent year-on-year to HK$7bn (US$897.4m).
For the second quarter of 2026, net revenue totalled HK$11.84bn (US$1.52bn), down 2 per cent year-on-year and 5 per cent quarter-on-quarter. Adjusted EBITDA was HK$3.38bn (US$433.3m), declining 5 per cent year-on-year and quarter-on-quarter.
Galaxy Macau remained the principal driver of group earnings. H1 net revenue was HK$20.27bn (US$2.60bn), up 6 per cent year-on-year, while adjusted EBITDA rose 3 per cent to HK$6.54bn (US$838.7m). Hotel occupancy across its nine hotels averaged 99 per cent for both Q2 and H1.
StarWorld Macau posted H1 net revenue of HK$2.56bn (US$328.7m), up 6 per cent year-on-year, and adjusted EBITDA of HK$686m (US$87.9m), up 5 per cent. Up to 40 per cent of StarWorld’s hotel room inventory was undergoing major renovations during Q2, which management estimates negatively impacted EBITDA by HK$14m (US$1.8m). Hotel occupancy reached 100 per cent.
Broadway Macau generated HK$85m (US$10.9m) and adjusted EBITDA of HK$7m (US$897,000). The Construction Materials Division (CMD) contributed HK$298m (US$38.2m) in adjusted EBITDA.
In terms of gaming performance across the group, H1 GGR reached HK$24.77bn (US$3.18bn), up 8 per cent year-on-year. Mass table GGR rose 12 per cent year-on-year to HK$19.08bn (US$2.45bn), while Electronic Gaming GGR climbed 14 per cent to HK$1.72bn (US$220.4m). VIP GGR declined 9 per cent year-on-year to HK$3.98bn (US$509.9m).
Francis Lui, chairman of GEG, stated: “Market performance continued to benefit from solid tourism demand and supportive travel facilitation measures, although this was partly tempered by the commencement of the FIFA World Cup period on 11 June… The tournament’s extended match schedule this year temporarily affected customer traffic and revenue. Our targeted marketing and promotional initiatives helped to partially offset the impact. Importantly, Macau experienced a recovery in gaming revenue towards the end of the World Cup, and this momentum has continued into August.”
The Capella at Galaxy Macau opened in February 2026, featuring 95 suites and penthouses, driving demand in the super-premium mass segment. GEG expanded its Horizon Plus premium gaming area from six to ten private salons. Meanwhile, construction is progressing on the Cotai Phase 4 project. Covering approximately 600,000 square metres, Phase 4 will feature 5 ultra-luxury hotels with 1,350 rooms and suites, a 5,000-seat theatre, extensive F&B and retail, a water resort deck, and a casino.
