MGM China (2282) Releases Preliminary 2025 Results and Resumes Trading

Bulletin Express
02/05

MGM China Holdings Limited (Stock Code: 2282) disclosed unaudited financial figures for the fourth quarter and year ended December 31, 2025, as posted by its controlling shareholder, MGM Resorts International. Net revenues under US GAAP for the fourth quarter reached US$1,236,450 thousand, compared with US$1,018,720 thousand in the same period of the previous year. Full-year net revenues stood at US$4,461,743 thousand, up from US$4,022,384 thousand.

Segment Adjusted EBITDAR for the fourth quarter came in at US$332,297 thousand, up from US$254,721 thousand. For the full year, Segment Adjusted EBITDAR totaled US$1,203,194 thousand, versus US$1,087,126 thousand in the prior year. Corporate expenses for MGM China rose to US$29 million in the latest quarter and US$65 million for the year.

The financial information was prepared according to US GAAP, which differs from the IFRS Accounting Standards used by MGM China for its own reporting. The disclosed data have not been audited, reviewed, or prepared by MGM China and may not match results under IFRS.

Trading in MGM China’s shares on the Hong Kong Stock Exchange was halted at 9:00 a.m. on February 5, 2026, pending publication of the announcement. Upon application, trading in the shares resumed at 1:00 p.m. on the same day. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the company.

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