Galaxy Entertainment Group Reports Q4 & Annual 2025 Results

Core Insights - Galaxy Entertainment Group (GEG) reported strong financial results for FY2025, with Group Adjusted EBITDA increasing by 19% year-on-year to $14.5 billion and Net Profit Attributable to Shareholders (NPAS) rising by 22% to $10.7 billion [5][22][30] - The company continues to focus on diversifying Macau's tourism offerings beyond gaming, emphasizing MICE (Meetings, Incentives, Conferences, and Exhibitions), entertainment events, and live sports [3][11][59] Financial Performance - Q4 2025 Group Adjusted EBITDA reached $4.3 billion, up 33% year-on-year and 29% quarter-on-quarter [16][31] - Full Year 2025 Group Net Revenue was $49.2 billion, reflecting a 13% increase year-on-year [22][36] - GEG's cash and liquid investments stood at $36.3 billion as of December 31, 2025, supporting ongoing capital returns to shareholders and development initiatives [6][29] Visitor Trends - Macau's Gross Gaming Revenue (GGR) for 2025 was $240.2 billion, a 9% increase year-on-year, with total visitation rising 15% to 40.1 million [3][19][20] - Mainland Chinese visitors accounted for 29.0 million arrivals, up 18% year-on-year, while international visitors increased by 14% to 2.8 million [20][21] Non-Gaming Initiatives - GEG hosted approximately 350 events in 2025, including concerts and sports events, enhancing Macau's appeal as a destination for entertainment [7][51] - The company is committed to supporting the Macau Government's vision of developing the region into a 'City of Performing Arts' and 'City of Sports' [7][11] Development and Future Outlook - GEG is advancing its Phase 4 development, which will introduce new high-end hotel brands and extensive non-gaming amenities, with completion targeted for 2027 [53][61] - The company plans to continue its partnerships with global entertainment firms and expand its event offerings to attract a broader audience [9][59]