Genting Berhad announced a net loss of 27.1 million MYR for the second quarter of 2026, a sharp reversal from a 243.5 million MYR net profit in the same period last year [1, 2, 3]. Revenue rose about 14% year-on-year to 7.75 billion MYR, but costs and forex losses weighed on earnings [1, 3].

Genting Malaysia, 74% owned by Genting Berhad, saw its Q2 net profit drop nearly 90% to 47.4 million MYR from 416.6 million MYR a year earlier, despite a 32% revenue increase to 3.85 billion MYR [3, 4, 5]. For the first half of 2026, Genting Berhad’s net profit was down 70% to 74 million MYR, and Genting Malaysia’s profit fell 91% to 43.6 million MYR on revenue growth of 22% to 6.72 billion MYR [3, 4].

The companies attributed the results mainly to foreign exchange losses, higher financial and operational costs, and geopolitical tensions raising expenses and dampening tourism demand. Investment bank analysts noted operating challenges in regions including the UK, Egypt, US, and Bahamas, cutting earnings forecasts by 11-40% due to weaker EBITDA expectations [1]. A major bank said, “Geopolitical tensions restrict tourism demand and push up costs, leaving entertainment and hotel industries under pressure.” Another added, “Iran conflict effects, including rising airfares and flight cancellations, may further reduce discretionary travel demand, potentially lowering company earnings.” [1]

Genting Singapore, another subsidiary, reported a 34% decline in first half net profit to 156.1 million SGD due to increased depreciation and asset upgrades, but declared a steady interim dividend of 2 cents per share [2]. The company said it continues its efforts to strengthen Resorts World Sentosa as a lifestyle destination [2].

Following the earnings reports released on August 20, 2026, Genting Berhad shares fell 6.3% to 2.10 MYR on August 21 while Genting Singapore shares remained stable at 0.655 SGD [2, 3, 4]. Genting Berhad stressed that despite challenges, key economies like the US remain resilient with strong consumer spending and stable labor markets supporting the outlook [2].