In the second quarter of 2026, Genting Malaysia reported a rebound to profitability, largely driven by the comprehensive launch of its casino operations at Resorts World New York. The company achieved a net profit of RM27 million, a notable improvement from a net loss of RM25.2 million in the first quarter of the same year.
Year-over-year revenue surged by 32%, reaching RM3.85 billion, compared to RM2.91 billion during the same quarter in 2025. However, even with this substantial growth, net profits were still significantly lower than the RM398.1 million recorded in the previous January-June period.
The US and Bahamian markets were key contributors to this growth, with revenues soaring by 166% to RM1.53 billion and adjusted EBITDA increasing by 82.9% to RM216.8 million.
On a group-wide scale, adjusted EBITDA fell by 18% to RM844 million, influenced by an unrealized foreign exchange loss of RM18.1 million, in stark contrast to a forex gain of RM184.6 million during the same period in 2025. This decline was attributed primarily to the translation effects associated with US dollar-denominated debts.
For the first half of 2026, revenue rose by 21.9%, totalling RM6.72 billion, while adjusted EBITDA decreased by 15.7% to RM1.49 billion. The net profit for this period stood at RM1.8 million, a drop from RM450.1 million one year earlier.
Looking ahead, the regional outlook remains uncertain, impacted by geopolitical tensions in the Middle East and broader economic risks.
