Genting Singapore reported a 33.5% year-on-year profit decline for the first half of 2026, with net profit reaching approximately S$156.1 million as of June 30 [1, 2, 3]. Revenue was largely stable, slipping just 0.9% to around S$1.2 billion over the same period [1, 2, 3]. Gaming revenue fell about 4% to S$804.4 million, while non-gaming revenue rose 6% to S$388.6 million [1, 2, 3].
The company’s adjusted EBITDA dropped 8.4% to approximately S$389.8 million [1, 2, 3]. Earnings per share declined to S$0.0129 from S$0.0194 a year earlier. Despite the profit dip, Genting Singapore declared an interim dividend of S$0.02 per share, unchanged from the previous year, payable September 17 [1, 2, 3].
The profit decline mainly stemmed from higher depreciation costs, lower interest income, and expenses linked to ongoing asset refresh and upgrading works. The group cited a softer operating environment, seasonally lower demand in the second quarter, moderating tourism arrivals, and more cautious consumer spending as key factors [1, 2, 3].
Resorts World Sentosa (RWS), Genting’s flagship integrated resort, reported a strong adjusted Q2 EBITDA of about S$210.8 million, up 18% quarter on quarter and 12% year on year [1, 3]. The ongoing RWS 2.0 transformation project is expected to complete by 2030, aiming to enhance the resort [1, 2, 3]. Planned refurbishments include Hotel Michael, Crockfords Tower, dining venues, and key guest-facing areas, with new facilities rolling out in 2027 and 2028 [1, 2, 3].
Recent openings at RWS include the Singapore Oceanarium, WEAVE retail space, The Laurus hotel, and a renovated convention center. New concept stores debuted in July 2026 [2]. Genting Singapore Executive Chairman and CEO Lim Kok Thay said, "Resorts World Sentosa has entered a new chapter. With a spirited leadership team and a clear transformation roadmap, we are committed to creating a bold, dynamic, and innovative resort destination offering irresistible entertainment and leisure experiences while generating long-term value for shareholders" [2].
Shares of Genting Singapore closed down 2.3% at S$0.625 on August 13, the day before results were announced. However, shares rose strongly on August 14, reaching between S$0.655 and S$0.67 with intraday gains of 4.8% to 7.2% [1, 4, 5, 6].
The group maintained a strong balance sheet with total equity of S$8.1 billion and cash and cash equivalents of S$2.9 billion as of June 30, 2026 [2]. The interim dividend of S$0.02 per share will be paid on September 17 [1, 2, 3].
