Sands China Ltd. (SCL, Stock Code: 1928) has released key figures from the third quarter of 2025, reflecting information simultaneously disclosed by its controlling shareholder Las Vegas Sands Corp. (LVS, listed on the NYSE).

SCL reported a 7.5% year-on-year increase in total net revenues, reaching US$1.90 billion. Net income stood at US$272 million, slightly above the US$268 million recorded in the same period the previous year. Adjusted property EBITDA rose to US$601 million, compared to US$585 million in the third quarter of 2024.

Interest expense, net of amounts capitalized, totaled US$187 million, with a weighted average debt balance of US$15.94 billion and a weighted average borrowing cost of 4.5%. During the quarter, LVS purchased approximately US$337 million of SCL common stock, raising LVS’s overall stake in the company to about 74.76%.

Capital expenditures in the quarter amounted to US$229 million, with US$99 million allocated to projects in Macao. Property-level results for key SCL assets showed a mix of performance trends: The Londoner Macao saw revenue growth, while The Venetian Macao and other properties posted varied year-on-year comparisons in gaming and non-gaming segments.

All data are based on figures made available in the original announcement and follow United States Generally Accepted Accounting Principles. Potential investors are advised to review SCL’s and LVS’s public filings and consult professional advisers for full context.