Galaxy Entertainment Group Selected Unaudited Q3 2025 Financial Data

Core Viewpoint - Galaxy Entertainment Group (GEG) continues to lead Macau's non-gaming diversification through MICE, entertainment, and sporting events, reporting strong financial results for Q3 2025 with a focus on future growth and development [1][13]. Financial Performance - Q3 2025 Group Net Revenue increased by 14% year-on-year to HK$12.2 billion, while Adjusted EBITDA also rose by 14% year-on-year to HK$3.3 billion [2][21]. - The Group's latest twelve months Adjusted EBITDA reached HK$13.4 billion, up 14% year-on-year and up 3% quarter-on-quarter [15][21]. - The normalized Q3 Adjusted EBITDA was HK$3.3 billion, reflecting a 7% year-on-year increase and a 5% quarter-on-quarter increase [22][15]. Operational Highlights - The Group's balance sheet remains healthy with total cash and liquid investments of HK$36.8 billion and a net position of HK$34.8 billion after debt of HK$2.0 billion [4][29]. - An interim dividend of HK$0.70 per share was paid in October 2025, demonstrating confidence in the long-term outlook for Macau and the Company [4][29]. Market and Visitor Trends - Macau's Gross Gaming Revenue (GGR) for Q3 2025 was HK$60.7 billion, up 13% year-on-year and up 2% quarter-on-quarter [18]. - Visitor arrivals to Macau reached 10.5 million in Q3 2025, marking a 14% year-on-year increase and representing 105% of 2019 levels [18][19]. Development and Expansion - GEG is progressing with the fitting out of Phase 4, which includes multiple high-end hotel brands, a 5,000-seat theater, and extensive non-gaming amenities, targeted for completion in 2027 [10][54]. - The Group continues to ramp up Capella at Galaxy Macau and is enhancing its facilities to remain competitive [9][39]. Strategic Partnerships and Events - GEG has signed a four-year strategic partnership with the UFC to host UFC Fight Nights at Galaxy Arena and renewed partnerships with TMElive and Damai Entertainment for event ticketing [6][40]. - The Group hosted multiple mega entertainment events in Q3, contributing to a 41% year-on-year increase in foot traffic at Galaxy Macau [5][51]. Technology and Customer Experience - Significant investments have been made in technology, including the implementation of smart tables to enhance customer understanding and service [7][52]. - The Group aims to provide exceptional customer experiences by leveraging data analytics for informed decision-making [7][52].