In the second quarter of 2026, Genting Malaysia reported a notable return to profitability, primarily driven by the comprehensive launch of its casino operations at Resorts World New York. The company recorded a net profit of RM27 million, a significant turnaround from a net loss of RM25.2 million in the first quarter of the same year.
Revenue soared 32% year-on-year, reaching RM3.85 billion compared to RM2.91 billion in the corresponding quarter of 2025. However, these net profits still fell short of the RM398.1 million recorded earlier in 2026 for the January-to-June period. The growth was chiefly attributed to the success of the US and Bahamian segments, which experienced an astounding revenue surge of 166%, totaling RM1.53 billion, alongside an increase in adjusted EBITDA of 82.9%, estimated at RM216.8 million.
On a group-wide scale, adjusted EBITDA declined by 18% to RM844 million, partly due to an unrealized foreign exchange loss of RM18.1 million, in stark contrast to a gain of RM184.6 million reported in the same quarter of 2025. This decline resulted mainly from the impact of translation effects on US dollar-denominated debts.
During the first half of 2026, revenue rose by 21.9%, totaling RM6.72 billion, while adjusted EBITDA decreased by 15.7% to RM1.49 billion. The net profit for this six-month period stood at RM1.8 million, a significant drop from RM450.1 million a year prior. Looking ahead, the regional outlook remains uncertain amid ongoing geopolitical tensions in the Middle East and broader economic challenges.
