Sands China net revenue declines in first half of 2025
Net revenue was down 1.7 per cent year-over-year.
Macau.- Sands China has shared its financial results for the first half of 2025. Net revenue totalled US$3.49bn, down 1.7 per cent year-over-year. Net profit was US$413m, down 23.7 per cent.
Adjusted property earnings before interest, taxation, depreciation, and amortisation (EBITDA) were US$1.1bn, a decrease of 5.9 per cent. Interim dividend was US$0.032 per share.
The operator stated: “The decrease was primarily due to decreased net casino revenue at The Venetian Macao, The Parisian Macao and Sands Macao due to the competitive nature of the Macau gaming market, partially offset by increased net casino revenue at The Londoner Macao due to Londoner Grand becoming fully operational over the second quarter of 2025, compared to the same period in 2024.”
In Q1, net revenue was US$1.70bn, down 3.96 per cent in quarter-on-quarter terms and 5.7 per cent when compared to last year. Net income was US$202m, down 32 per cent year-on-year.
Sands China’s board of directors recently announced the appointment of Patrick Sydney Dumont as a non-executive director of company. Dumont has been the president, chief operating officer and treasurer of Las Vegas Sands (LVS) since January 2021.
