SJM Holdings reports 6.2% drop in third quarter net revenue
SJM Holdings Ltd. reported total net revenue of HK$7,034 million for the third quarter of 2025, a decrease of 6.2% compared to HK$7,499 million in the same period of 2024. Net gaming revenue was HK$6,537 million, down 6.5% from HK$6,995 million in the prior year. Profit attributable to owners of the company was HK$9 million, a decline of 91.1% from HK$101 million in the third quarter of 2024. Adjusted EBITDA for the quarter was HK$881 million, representing a decrease of 15.0% from HK$1,037 million, with an adjusted EBITDA margin of 12.5%, down from 13.8%. Capital expenditure during the period was HK$412 million, mainly for furniture, fixtures and equipment, and leasehold improvements. For the nine months ended 30 September 2025, total net revenue rose 1.8% year-on-year to HK$21,674 million, while net gaming revenue increased by 1.4% to HK$20,165 million.
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