Genting Malaysia reported a return to profitability in the second quarter of 2026, primarily driven by the successful commercial launch of its casino operations at Resorts World New York. The company announced a net profit of RM27 million, a significant turnaround from a net loss of RM25.2 million recorded in the first quarter of the year.
Revenue for the quarter saw a 32% increase year-over-year, reaching RM3.85 billion compared to RM2.91 billion in the same period of 2025. However, despite the revenue growth, net profits remained well below the RM398.1 million reported during the same January-June period previously.
The growth was mainly fueled by the company’s US and Bahamian operations, which experienced a remarkable 166% increase in revenue, totaling RM1.53 billion. The adjusted EBITDA for these operations rose by 82.9% to RM216.8 million.
On a broader scale, Genting Malaysia's adjusted EBITDA fell by 18% to RM844 million. This decline was attributed to an unrealized foreign exchange loss of RM18.1 million, contrasting with a forex gain of RM184.6 million from the same period in 2025. The losses stemmed predominantly from the effects of US dollar-denominated debts.
For the January-June period of 2026, revenue grew by 21.9%, totaling RM6.72 billion, yet adjusted EBITDA decreased by 15.7%, coming in at RM1.49 billion. The net profit for this period stood at RM1.8 million, a sharp decline from RM450.1 million reported a year prior.
Looking ahead, the regional economic outlook remains uncertain, influenced by ongoing geopolitical tensions in the Middle East and broader economic risks.
