Genting Singapore Q1 2026 revenue slips 3%, profit halves on cost pressures

SGX Filings

May 12

On May, 12 2026, Genting Singapore Limited reported revenue of 607.6 million Singapore dollars for the three months ended Mar, 31 2026, a 3% decline from 626.2 million Singapore dollars in the prior-year period.

Gaming revenue fell 8% year on year to 403.4 million Singapore dollars, while non-gaming revenue rose 8% to 204.1 million Singapore dollars, supported by increased visitation to Universal Studios Singapore and the Singapore Oceanarium at Resorts World Sentosa.

Adjusted EBITDA dropped 24% to 179.0 million Singapore dollars from 235.8 million Singapore dollars a year earlier. Net profit after taxation decreased 55% to 65.2 million Singapore dollars. Compared with the fourth quarter ended Dec, 31 2025, revenue improved 3% and adjusted EBITDA rose 6%.

Management cited higher energy, freight and logistics expenses linked to geopolitical tensions for the margin pressure. The group said it is focusing on asset optimisation, new lifestyle and dining concepts, attraction season passes and sustainability initiatives, including The Laurus hotel’s recent BCA Green Mark Platinum Super Low Energy certification, to broaden revenue streams and enhance guest experience.

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Net profit after taxation decreased 55% to 65.2 million Singapore dollars. Compared with the fourth quarter ended Dec, 31 2025, revenue improved 3% and adjusted EBITDA rose 6%.</p>\n<p>Management cited higher energy, freight and logistics expenses linked to geopolitical tensions for the margin pressure. 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