{"id":777035290,"date":"2025-11-28T12:30:48","date_gmt":"2025-11-28T15:30:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777035290"},"modified":"2026-04-21T16:33:40","modified_gmt":"2026-04-21T19:33:40","slug":"genting-malaysias-net-profit-plummets-79-year-on-year-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysias-net-profit-plummets-79-year-on-year-in-q3","title":{"rendered":"Genting Malaysia\u2019s net profit falls 79% year-on-year in Q3"},"content":{"rendered":"\n

The group’s Malaysian leisure and hospitality operations accounted for 59.4 per cent of revenue.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Malaysia Bhd<\/strong> has published its financial results for the third quarter. Revenue was MYR3.36bn<\/strong> (US$812.7m), up 22.1 per cent year-on-year<\/strong>, but net profit fell 79.0 per cent to MYR119.7m <\/strong>(US$28.9m).<\/p>\n\n\n\n

The company reported a decline in its adjusted EBITDA of 35.8 per cent<\/strong> year-on-year to MYR838.1m<\/strong> (US202.8m). It attributed the result to lower foreign exchange gains, which totalled MYR2.8m, versus MYR601.8m<\/strong> last year.\u00a0<\/p>\n\n\n\n

The group’s Malaysian leisure and hospitality operations, which include Resorts World Genting<\/strong> and non-gaming assets accounted for 59.4 per cent or around MYR2.00bn <\/strong>(US$483,968) of revenue. The figure rose 18.7 per cent year-over-year<\/strong>, driven primarily by higher business volumes in the gaming segment at Resorts World Genting. Adjusted EBITDA for the resort was MYR627.4m <\/strong>(US$151.8m), up 27.2 per cent <\/strong>year-on-year.<\/p>\n\n\n\n

The company says its new ecotourism attraction, Eufloria<\/strong>, is on track to launch next year, while the revamp of the 18-hole golf course<\/strong> at Resorts World Awana<\/strong> is nearing completion. It also plans to use the Visit Malaysia 2026 campaign<\/strong> to attract more visitors to its casino complex.<\/p>\n\n\n\n

In a separate development, the firm noted that Genting Bhd<\/strong>, its parent company, now owns nearly 63.4 per cent <\/strong>of its shares. This comes after Genting Bhd proposed a US$1.59bn<\/strong> deal in October to acquire the shares it didn’t already own in a bid to delist the subsidiary from Bursa Malaysia<\/strong>.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR to rise by 5% in 2026, analysts forecast<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The group’s Malaysian leisure and hospitality operations accounted for 59.4 per cent of revenue.<\/p>\n","protected":false},"author":2395,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia Bhd reported a 22.1% year-on-year revenue increase to MYR3.36bn in Q3, primarily driven by higher business volumes in the gaming segment at Resorts World Genting. However, net profit declined 79.0% due to significantly lower foreign exchange gains. Concurrently, its parent company, Genting Bhd, increased its stake to 63.4% as part of a proposed US$1.59bn deal to delist the subsidiary from Bursa Malaysia.","focusai_entities":"Genting Malaysia Bhd, Genting Bhd, Resorts World Genting, Resorts World Awana, Bursa Malaysia","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Delisting Impact","query":"What are the strategic implications for Genting Malaysia's capital structure and future growth initiatives following its proposed delisting from Bursa Malaysia by Genting Bhd?"},{"label":"Gaming Vertical Performance","query":"How sustainable is the reported growth in the gaming segment at Resorts World Genting, and what specific factors are contributing to its outperformance relative to overall group profitability?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[19394,23922,25011],"class_list":["post-777035290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-genting-malaysia","tag-resorts-world-genting","tag-visit-malaysia-2026-campaign"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777035290"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035290\/revisions"}],"predecessor-version":[{"id":777035301,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035290\/revisions\/777035301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777035290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777035290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777035290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}