MGM China Holdings Limited (2282 and Debt Stock Codes: 6028, 40634, 5036) published its key financial figures for the fourth quarter and full year ended December 31, 2025, following the release of unaudited results by controlling shareholder MGM Resorts International. MGM China’s data was prepared under IFRS Accounting Standards, while MGM Resorts International applies US GAAP.

According to the announcement, MGM China reported total revenue of HK$9,616,894,000 in the fourth quarter, compared with HK$7,919,895,000 in the same period of 2024. MGM Macau contributed HK$3,478,186,000, and MGM Cotai contributed HK$6,138,708,000 during the quarter. Consolidated adjusted EBITDA rose to HK$2,752,870,000 from HK$2,126,381,000 a year earlier. For the full year, total revenue reached HK$34,787,468,000, and total adjusted EBITDA stood at HK$10,005,194,000.

MGM Resorts International’s unaudited figures indicate its consolidated net revenues from MGM China climbed to US$1.24 billion in the fourth quarter, representing a 21% increase over the prior year period. Segment Adjusted EBITDAR for MGM China totaled US$332 million, a 30% year-on-year rise. For the full year, the unaudited data show net revenues of US$4.46 billion and Segment Adjusted EBITDAR of US$1.20 billion for MGM China, each increasing by double-digit percentages compared with the previous year.

The announcement emphasizes that MGM China’s IFRS-based data is not directly comparable to MGM Resorts International’s US GAAP results. It also highlights that the figures released by MGM Resorts International have not been audited or reviewed by MGM China’s auditor. Shareholders and potential investors are advised to read the full annual results announcement of MGM China for additional details and exercise caution in dealing with its securities.