On 12 February 2026, Melco International (Stock Code: 200) issued details of the unaudited financial results of its listed subsidiary, Melco Resorts & Entertainment Limited, for the fourth quarter and full year ended 31 December 2025. According to the announcement, Melco Resorts recorded total operating revenues of US$1.29 billion (1.29 billion) for the fourth quarter of 2025, reflecting a 9.00% increase compared to US$1.19 billion over the same period in 2024. Operating income for the quarter reached US$146.40 million, surpassing the previous year’s US$97.00 million. Adjusted Property EBITDA rose to US$331.30 million from US$295.20 million, while net income attributable to Melco Resorts registered at US$60.60 million, compared to a net loss of US$20.30 million the year before.

For the full year 2025, total operating revenues climbed to US$5.16 billion (5.16 billion) from US$4.64 billion in 2024. Operating income increased to US$600.40 million, up from US$484.60 million in the prior year. Adjusted Property EBITDA stood at US$1.43 billion, compared to US$1.22 billion in 2024. Net income attributable to Melco Resorts totaled US$185.00 million, notably higher than the US$43.50 million reported for 2024. As of 31 December 2025, Melco Resorts held a total of US$1.15 billion in cash and bank balances, while total debt (net of unamortized financing costs and original issue premiums) was US$6.75 billion. Capital expenditures in the fourth quarter were US$82.30 million, mainly related to ongoing enhancements at City of Dreams in Macau and Studio City.

The original announcement has been posted on Melco International’s website as well as on the website of The Stock Exchange of Hong Kong Limited. The figures above are based solely on the latest unaudited financial results released by Melco Resorts & Entertainment Limited.