Presentation of Q3 2025 Selected Unaudited Financial Data

Selected Unaudited 2025 Third Quarter Financial Data

6 November, 2025

Mr. Francis Lui Yiu Tung, Chairman of GEG said:

"Today I am pleased to report the third quarter 2025 results for the Group. In Q3 2025 Group Net Revenue increased 14% year-on-year to $12.2 billion and Adjusted EBITDA increased 14% year-on-year to $3.3 billion.

I wish to bring to your attention two events that occurred during the third quarter that impacted Gross Gaming Revenue ('GGR') and in turn Adjusted EBITDA for the quarter. The first event involves seasonality, where September is typically a slower month as many visitors defer their planned trips to October to coincide with the Golden Week holidays. The second event was Typhoon Ragasa. This typhoon resulted in the Government mandating that all casinos officially closed for 33 hours. 33 hours may not seem an extended period of time, however potential visitors canceled their visits in advance over concerns of the potential impact of Typhoon Ragasa and after the typhoon it takes a few days before people commence to plan their next trip.

Our balance sheet remains healthy and liquid. Total cash and liquid investments were $36.8 billion and the net position was $34.8 billion after debtof $2.0 billion. Our solid balance sheetand cash flow from operations allows us to return capital to shareholders through dividends, fund our development pipeline and pursue our international expansion ambitions. In October 2025, we paid the previously announced interim dividend of $0.70 per share. This dividend demonstrates our continued confidence in the longer-term outlook of Macau and for the Company.

GEG continues to support the Macau Government's goal to develop Macau into a 'City of Performing Arts' by hosting world-class events across various categories and acclaimed concert singers. We believe this will help to boost Macau's tourism, retail, as well as hotel spending, contributing to Macau's evolvement into the World Centre of Tourism and Leisure. In Q3, we hosted multiple mega entertainment events including the 'King of Asian Pop' Eason Chan's Concert and America's comedy star Jimmy O. Yang's performance in Macau. For the first nine months of 2025, we have held approximately 260 entertainment, sports, arts and culture, and MICE events, which contributed to a 41% year-on-year increase in the foot traffic at Galaxy Macau and contributed significantly to our business.

Mr. Francis Lui Yiu Tung, Chairman of GEG said:

Post Q3 in October, two popular singers, Luhan and Jackson Wang performed at Galaxy Arena, and the world-renowned Chinese pianist, Yundi Li made his debut with Galaxy Music Gala at Galaxy International Convention Center ('GICC'). Additionally, we will support the National Games by hosting its Table Tennis Competition in Galaxy Arena. Further, we have signed a four-year strategic partnership with the Ultimate Fighting Championship ('UFC') to bring UFC Fight Nights to Galaxy Arena, as well as renewed a three-year strategic partnership with TMElive (Tencent Music) to co-host multifaceted popular music events. We have also renewed a three-year cooperation agreement with Damai Entertainment under Alibaba Group and Macau Pass for events ticketing. We remain optimistic aboutmega events tourism in the future.

Over the past 18 months we have been investing heavily into technology. This has included the implementation of smart tables, consolidating data information and deepening our data analytics capability. The purpose of these programs is to ensure that we more fully understand our customers and that we are in a position to provide the best service and experience to our valuable guests. We want to make informed customer decisions based upon 'hard data' and not a 'gut impression'. We have already seen economic benefits from these investments and we will continue to drive each and every segmentof the business.

GEG announced that Waldo Casino ceased operations on 31 October 2025. In alignment with Macau government policies , GEG is committed to safeguarding local employment. In addition to being able to retain the same position, employees have also been offered the opportunity to explore a range of career paths if they wis h to do so and they received support for their trans ition into a new working environment.

We previously announced the exclusive previews of the ultra-luxury Capella at Galaxy Macau and Horizon Plus. Both facilities have been extremely well received by our guests and currently the vast majority of both facilities are opened. However, we are still fitting out some additional enhancement facilities including a signature restaurant. We anticipate that the facilities will be fully opened by early nextyear.

Mr. Francis Lui Yiu Tung, Chairman of GEG said:

On the development front, we continue to progress with the fitting out of Phase 4, which includes multiple high-end hotel brands that are new to Macau, together with an approximately 5,000-seat theater, extensive F&B, retail, non-gaming amenities, landscaping, a water resortdeck and a casino. Phase 4 is targeted to complete in 2027.

Previously GEG has been actively exploring opportunities to develop an integrated resort in Thailand. During Q3 there was a change of Government within Thailand, and it appears that the new Government's immediate priorities lie elsewhere. We will continue to monitor the s ituation.

Recently, we announced that Mr. Ted Chan will step down from his position of Chief Financial Officer ('CFO') and depart GEG on 22 November 2025, and Mr. Thomas Arasi has commenced as CFO effective 27 October 2025. I would like to extend my heartfelt appreciation to Ted for his valuable contribution to GEG, and welcome Tom in his role as CFO of the Company.

Finally, I would like to thank all our team members who deliver 'World Class, Asian Heart' service each and every day and contribute to the success of the Group."

Executive Summary GEG: Well Positioned for Future Growth

• Q3 Group Net Revenue of $12.2 billion, up 14% year-on-year and up 1% quarter-on-quarter

• Q3 Group Adjusted EBITDA of $3.3 billion, up 14% year-on-year and down 6% quarter-on-quarter

• Played lucky in Q3 which increased Adjusted EBITDA by approximately $14 million, normalized Q3 Adjusted EBITDA of $3.3 billion, up 7% year-on-year and up 5% quarter-on-quarter

• Latest twelve months Adjusted EBITDA of $13.4 billion, up 14% year-on-year and up 3% quarter-on-quarter

  Galaxy Macau : Primary Driver to Group Earnings

• Q3 Net Revenue of $10.1 billion, up 20% year-on-year and up 1% quarter-on-quarter

• Q3 Adjusted EBITDA of $3.1 billion, up 20% year-on-year and down 8% quarter-on-quarter

• Played lucky in Q3 which increased Adjusted EBITDA by approximately $18 million, normalized Q3

  Adjusted EBITDA of $3.1 billion, up 11% year-on-year and up 5% quarter-on-quarter

• Hotel occupancy for Q3 across the nine hotels was 98%

  
  
  Executive Summary StarWorld Macau: Continuing with Major Property Upgrades

• Q3 Net Revenue of $1.3 billion, down 6% year-on-year and up 8% quarter-on-quarter

• Q3 Adjusted EBITDA of $369 million, down 7% year-on-year, up 22% quarter-on-quarter

• Played unlucky in Q3 which decreased Adjusted EBITDA by approximately $4 million, normalized Q3 Adjusted EBITDA of $373 million, down 2% year-on-year and up 22% quarter-on-quarter

• Hotel occupancy for Q3 was 99%

  Broadway Macau , City Clubs and Construction Materials Division ("CMD")

• Broadway Macau : Q3 Adjusted EBITDA was $1 million, versus $11 million in Q3 2024 and $4 million in Q2 2025

• City Clubs: Q3 Adjusted EBITDA was $(6) million, versus $6 million in Q3 2024 and $2 million in

  Q2 2025, Waldo Casino ceased operations on 31 October 2025

• CMD: Q3 Adjusted EBITDA was $206 million, down 4% year-on-year and down 13% quarter-on-quarter

  
  
  Executive Summary Balance Sheet: Remained Healthy and Liquid

• As at 30 September 2025, cash and liquid investments were $36.8 billion and the net position was

  $34.8 billion after debt of $2.0 billion

• Paid an interim dividend of $0.70 per share on 31 October 2025

  Development Update: Continue to ramp up Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau; Progressing with Phase 4

• Cotai Phase 3 - Continue to ramp up Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau

• Cotai Phase 4 - Our efforts are firmly focused on the development of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment, family facilities and also includes a casino

• International - Continuously exploring opportunities in overseas markets

Q3 2025 Results

GEG Revenue Q3 2025 Q3 Group Net Revenue of $12.2 billion, up 14% YoY, up 1% QoQ

GEG Net Revenue (HK$'m)

$12,044 $12,163

BW,

$62

CC,

$19

2024 Q3 2025 Q2 2025 Q3

Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials

Materials

GEG Adjusted EBITDA Q3 2025 Q3 Group Adjusted EBITDA of $3.3 billion, up 14% YoY and down 6% QoQ

• Normalized Q3 Adjusted EBITDA of $3.3 billion, after adjusting for good luck of

approximately $14 million, up 7% YoY and up 5% QoQ

$2,940

GEG Adjusted EBITDA (HK$'m)

$3,569

Yo Y Qo Q

$3,341

$2,557

$396

$214

BW,

$11

CC,

$6

$3,325

$303

$238

BW,

$4

CC,

$2

$3,068

$369

$206

BW,

$1