Sands China doubles interim dividend despite 3.6% H1 profit decline
Higher operating costs weighed on profit, as the company spent more on sales, marketing and payroll amid stronger competition in Macau.
Macau.- Sands China has announced an interim dividend for the six months ended 30 June 2026 of HK$0.50 per share. That’s double the HK$0.25 paid for the same period last year.
The dividend represents a total distribution of about HK$4.05bn (US$516m). The company said shareholders on its register on September 18 will be eligible, with payment scheduled for October 9. The increased payout comes despite a 3.6 per cent decline in first-half net profit to HK$3.12bn (US$398m).
Net revenue increased 11.1 per cent to HK$30.4bn (US$3.88bn), but higher operating costs weighed on profit, as the company spent more on sales, marketing and payroll amid stronger competition in Macau. Total operating expenses rose 14.2 per cent to HK$26.0bn (US$3.32bn).
Casino net revenue increased 12 per cent to HK$22.97bn (US$2.93bn), supported by higher table-game and slot volumes. However, the gains were partly offset by lower table-game win and slot hold percentages, as well as higher customer incentives. Hotel room revenue rose 5.9 per cent to HK$3.37bn (US$430m), helped by additional rooms following the conversion of the Sheraton Towers to The Londoner Grand, completed in April 2025. Adjusted property EBITDA fell 3.4 per cent to HK$8.39bn (US$1.07bn).
