Genting Bhd.MYX: GENTING

20 August 2026 Genting Malaysia Berhad Announces Results for the First Quarter Ended 30th June 2026

· Issued by Genting Bhd.


SECOND QUARTERLY REPORT

Quarterly report on consolidated results for the six months ended 30 June 2026. The figures have not been audited.

CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026 INDIVIDUAL QUARTER Second quarter ended

30 June

CUMULATIVE PERIOD Six months ended

30 June

2026 2025 2026 2025 RM'Mil RM'Mil RM'Mil RM'Mil

Revenue

3,853.3

2,918.5

6,720.2

5,513.7

Cost of sales

(2,737.5)

(2,049.1)

(4,872.9)

(3,998.6)

Gross profit

1,115.8

869.4

1,847.3

1,515.1

Other income

67.3

191.7

144.9

291.2

Other expenses

(734.8)

(508.9)

(1,268.9)

(871.8)

Other (losses)/gains - net

(18.1)

189.3

(1.2)

242.8

Profit from operations

430.2

741.5

722.1

1,177.3

Finance costs

(281.0)

(196.0)

(527.7)

(380.2)

Share of results in associates and a joint

(5.4) (42.2) (7.5) (109.8)

venture

Profit before taxation

143.8

503.3

186.9

687.3

Taxation

(116.8)

(105.2)

(185.1)

(237.2)

Profit for the financial period

27.0

398.1

1.8

450.1

Profit attributable to:

Equity holders of the Company

47.4

416.6

43.6

489.3

Non-controlling interests

(20.4)

(18.5)

(41.8)

(39.2)

27.0

398.1

1.8

450.1

Earnings per share (s en) for profit attributable to

equity holders of the Company:

- Basic

0.84

7.35

0.77

8.63

- Diluted

0.84

7.35

0.77

8.63

(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2025.)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2026 INDIVIDUAL QUARTER Second quarter ended

30 June

CUMULATIVE PERIOD Six months ended

30 June

2026

RM'Mil

2025

RM'Mil

2026

RM'Mil

2025

RM'Mil

Profit for the financial period 27.0

Other comprehensive income/(loss )

398.1

1.8

450.1

Items that may be reclass ified

subsequently to profit or loss:

Cash flow hedges (12.2)

(1.7)

(14.1)

5.2

Foreign currency exchange differences

Net foreign currency exchange

gains/(losses) on translation of foreign operations

64.2

(309.1)

(4.3)

(353.6)

Reclassification to profit or loss upon liquidation of a subsidiary

1.4

-

1.4

-

Reclassification to profit or loss upon

remeasurement of previously held

interest in associates to fair value

-

(23.3)

-

(23.3)

65.6

(332.4)

(2.9)

(376.9)

Other comprehensive income/(loss ), net of tax

53.4

(334.1)

(17.0)

(371.7)

Total comprehensive income/(loss ) for

the financial period

80.4

64.0

(15.2)

78.4

Total comprehensive income/(loss ) attributable to:

Equity holders of the Company

108.4

40.0

31.6

64.3

Non-controlling interests

(28.0)

24.0

(46.8)

14.1

80.4

64.0

(15.2)

78.4

(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2025.)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2026

As at

As at

30.06.2026

RM'Mil

31.12.2025

RM'Mil

ASSETS

Non-current assets

Property, plant and equipment

16,966.3

16,337.9

Land held for property development

241.5

178.2

Investment properties

2,062.6

2,061.4

Intangible assets

6,124.7

4,430.7

Right-of-use assets

2,328.6

1,302.1

Associates and a joint venture

155.0

46.5

Financial assets at fair value through other comprehensive income

64.7

64.4

Other non-current assets

283.4

198.0

Deferred tax assets

40.7

42.6

28,267.5

24,661.8

Current assets

Inventories

215.7

193.6

Trade and other receivables

670.5

648.2

Amount due from holding company

0.6

0.5

Amounts due from related companies

1.0

1.3

Financial assets at fair value through profit or loss

1,148.3

1,030.8

Restricted cash

56.5

27.3

Cash and cash equivalents

2,674.0

2,847.2

4,766.6

4,748.9

Assets classified as held for sale

120.2

114.3

4,886.8

4,863.2

TOTAL ASSETS

33,154.3

29,525.0

EQUITY AND LIABILITIES

Equity attributable to equity holders of the Company

Share capital

1,764.5

1,764.5

Reserves

10,439.8

10,804.9

Treasury shares

(935.7)

(935.7)

11,268.6

11,633.7

Non-controlling interests

(926.8)

(880.0)

TOTAL EQUITY

10,341.8

10,753.7

Non-current liabilities

Other long term liabilities

272.5

285.9

Long term borrowings

13,233.4

11,288.3

Lease liabilities

2,044.9

1,362.8

Deferred tax liabilities

1,070.7

1,058.4

Derivative financial instruments

54.0

53.2

16,675.5

14,048.6

Current liabilities

Trade and other payables

3,432.4

3,151.8

Amount due to holding company

0.3

9.9

Amounts due to related companies

2.0

2.0

Short term borrowings

2,469.7

1,427.7

Lease liabilities

185.9

86.5

Taxation

46.7

44.8

6,137.0

4,722.7

TOTAL LIABILITIES

22,812.5

18,771.3

TOTAL EQUITY AND LIABILITIES

33,154.3

29,525.0

NET ASSETS PER SHARE (RM)

1.99

2.05

(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2025.)

Share Capital

Value Reserve

Hedge Reserve

Other Reserves

Treasury Shares

Retained Earnings

Total

controlling Interests

Total Equity

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

At 1 January 2026

1,764.5

(82.5)

8.2

1,331.6

(935.7)

9,547.6

11,633.7

(880.0)

10,753.7

Profit/(loss) for the financial period

-

-

-

-

-

43.6

43.6

(41.8)

1.8

Other comprehensive (loss )/income

-

-

(14.1)

2.1

-

-

(12.0)

(5.0)

(17.0)

Total comprehensive (loss )/income for the financial period

-

-

(14.1)

2.1

-

43.6

31.6

(46.8)

(15.2)

Transactions with owners:

Appropriation:

Final s ingle-tier dividend declared for the financial

year ended 31 December 2025

-

-

-

-

-

(396.7)

(396.7)

-

(396.7)

Total transactions with owners

-

-

-

-

-

(396.7)

(396.7)

-

(396.7)

At 30 June 2026

1,764.5

(82.5)

(5.9)

1,333.7

(935.7)

9,194.5

11,268.6

(926.8)

10,341.8

(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2025)

Share Capital

Value Reserve

Hedge Reserve

Other Reserves

Treasury Shares

Retained Earnings

Total

controlling Interests

Total Equity

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

At 1 January 2025 1,764.5

(82.5)

(3.4)

2,157.1

(935.7)

9,021.1

11,921.1

(882.1)

11,039.0

Profit/(loss) for the financial period -

-

-

-

-

489.3

489.3

(39.2)

450.1

Other comprehensive income/(loss) -

-

5.2

(430.2)

-

-

(425.0)

53.3

(371.7)

Total comprehensive income/(loss) for the financial

period -

-

5.2

(430.2)

-

489.3

64.3

14.1

78.4

Transactions with owners:

Appropriation:

Final single-tier dividend declared for the financial

year ended 31 December 2024

-

-

-

-

-

(226.7)

(226.7)

-

(226.7)

Total transactions with owners

-

-

-

-

-

(226.7)

(226.7)

-

(226.7)

At 30 June 2025

1,764.5

(82.5)

1.8

1,726.9

(935.7)

9,283.7

11,758.7

(868.0)

10,890.7

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation 186.9 687.3

Depreciation and amortisation

687.9

609.3

Property, plant and equipment written off

5.2

22.6

Finance costs

527.7

380.2

Interest income

(25.8)

(68.3)

Investment income

(13.4)

(6.9)

Fair value gain on financial assets at fair value through profit or loss

(4.1)

(2.4)

Expected credit losses - receivables (net)

1.2

(56.4)

(Reversal)/provision of retirement gratuities

(6.9)

14.0

Share of results in associates and a joint venture

7.5

109.8

Net exchange losses/(gains) - unrealised

8.7

(253.5)

Income from capital award

(35.1)

(60.9)

Loss on liquidation of a subsidiary

1.4

-

to fair value

-

13.3

Gain on disposal of asset held for sale

-

(77.1)

Other non-cash items and adjustments

1.9

(0.2)

1,156.2

623.5

Operating profit before working capital changes

1,343.1

1,310.8

Net change in assets

(201.0)

48.9

Net change in liabilities

188.0

(143.1)

(13.0)

(94.2)

Cash generated from operations

1,330.1

1,216.6

Net tax paid

(138.9)

(121.5)

Retirement gratuities paid

(14.4)

(5.2)

(153.3)

(126.7)

Net Cash Flow From Operating Activities

1,176.8

1,089.9

CASH FLOWS FROM INVESTING ACTIVITIES

Adjustments for:

Net loss on remeasurement of previously held equity interest in associates

(1,133.3)

(448.7)

(12.4)

(19.0)

(11.9)

-

(2,044.3)

-

(100.0)

(200.0)

(116.2)

(12.5)

(29.1)

1.0

25.4

66.9

36.0

58.5

-

(53.7)

-

88.4

-

(148.8)

0.1

1.8

Purchase of property, plant and equipment Purchase of investment properties

Purchase of right-of-use assets Purchase of intangible assets

Investment in financial assets at fair value through profit or loss Investment in associates

Restricted cash Interest received

Proceeds from capital award Investment in promissory notes

Proceeds from disposal of asset held for sale Acquisition of subsidiaries

Other investing activities

Net Cash Flow Used in Investing Activities (3,385.7) (666.1)

(3,923.9)

(141.7)

(95.1)

(73.5)

6,870.5

128.7

(396.7)

(226.7)

(419.4)

(313.9)

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of borrowings and payment of transaction costs Repayment of lease liabilities

Proceeds from borrowings Dividends paid

Finance costs paid

Net Cash Flow From/(Us ed in) Financing Activities

2,035.4

(627.1)

NET MOVEMENT IN CASH AND CASH EQUIVALENTS

(173.5)

(203.3)

CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL PERIOD

2,847.2

3,536.6

EFFECT OF CURRENCY TRANSLATION

0.3

(47.7)

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL PERIOD

2,674.0

3,285.6

ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash and bank balances

1,876.1

1,977.6

Deposits with licenced banks

797.9

1,308.0

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL PERIOD

2,674.0

3,285.6

(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2025.)

Part I: Compliance with Malaysian Financial Reporting Standard ("MFRS") 134 "Interim Financial Reporting"

  1. Accounting Policies , Pres entation and Methods of Computation

    The interim financial report is unaudited and has been prepared in accordance with MFRS 134 "Interim Financial Reporting" and paragraph 9.22 of Bursa Malaysia Securities Berhad ("Bursa Securities") Listing Requirements.

    The interim financial report should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 December 2025. The material accounting policies, presentation and methods of computation adopted for the interim financial report are consistent with those adopted for the annual audited financial statements for the financial year ended 31 December 2025 except for the adoption of amendments to published standards for the Group for the financial year beginning 1 January 2026:

    • Amendments to MFRS 9 and MFRS 7 on Amendments to the Classification and Measurement of Financial Instruments

    • Amendments to MFRS 9 and MFRS 7 on Contracts Referencing Nature-dependent Electricity

    • Annual Improvements to MFRS Accounting Standards for enhanced consistency

      The adoption of these amendments to published standards did not have any material impact on the interim financial report of the Group.

  2. Seas onal or Cyclical Factors

    The business operations of the Group's leisure and hospitality division are subject to seasonal fluctuations. The results are affected by major festive seasons and holidays.

  3. Unus ual Items Affecting Ass ets , Liabilities , Equity, Net Income or Cas h Flows

    There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group for the six months ended 30 June 2026.

  4. Material Changes in Es timates

    There were no material changes in estimates of amounts reported in prior financial years.

  5. Changes in Debt and Equity Securities

    1. As previously reported in the quarter ended 31 March 2026, Genting New York LLC ("GENNY"), an indirect wholly-owned subsidiary of the Company drawn USD755.0 million (equivalent to RM3,055.5 million) from its Senior Secured Credit Facility to fund the commercial casino licence fee and capital expenditure of Resorts World New York City ("RWNYC").

    2. In June 2026, Genting Americas Inc. ("GAI") entered into a new USD2.0 billion Secured Credit Facility, to:

      1. refinance the existing indebtedness of GENNY under the Senior Secured Credit Facility mentioned in

        1. above;

      2. redeem the USD300.0 million 7.75% Senior Secured Notes due 1 November 2026 of Empire Resorts,

        Inc. ("Empire"); and

      3. support the development and operation of a commercial casino at RWNYC. GAI and Empire are indirect wholly-owned subsidiaries of the Company.

    Other than the above, there were no other material issuance, cancellation, repurchase, resale or repayments of debts of equity securities for the six months ended 30 June 2026.

  6. Dividend Paid

    Dividend paid during the six months ended 30 June 2026 is as follows:

    RM'Mil

    Final single-tier dividend for the financial year ended 31 December 2025 paid on 10 April 2026

    - 7.0 sen per ordinary share 396.7

  7. Segment Information

The segments are reported in a manner that is consistent with the internal reporting provided to the chief operating decision maker. The performance of the operating segments is based on a measure of adjusted earnings before interest, tax, depreciation and amortisation ("EBITDA"). This measurement basis excludes the effects of gain or loss on disposal of assets, assets written off, impairment loss or reversal of previously recognised impairment loss, pre-operating expenses and other non-recurring items.

The Group is organised into the following main business segments:

Leisure & Hospitality - this segment comprises integrated resort activities which include gaming, hotels, food and beverages ("F&B"), theme parks, retail, entertainment attractions, tours and travel related services and other supporting services.

Properties - this segment is involved in property developments, property investment and management.

All other immaterial business segments including investment in equities, training services, reinsurance services, utilities services and information technology related services are aggregated and disclosed under "Investments & Others" as they are not of sufficient size to be reported separately.

Segment analysis for the six months ended 30 June 2026 is set out below:

Leisure & Hospitality Property Investments

& Others

Total

United United States

Malaysia

Kingdom of America and Egypt and Bahamas

Total

RM'Mil

RM'Mil RM'Mil

RM'Mil

RM'Mil

RM'Mil

RM'Mil

3,437.1

966.9 2,228.0

6,632.0

55.2

101.6

6,788.8

(3.1)

- -

(3.1)

(4.2)

(61.3)

(68.6)

3,434.0

966.9 2,228.0

6,628.9

51.0

40.3

6,720.2

1,127.1

119.7 297.1

1,543.9

7.7

(62.9)

1,488.7

RM

GBP USD

RM/USD

RM/USD

5.3540 3.9867

3.9867

3.9867

Revenue Total revenue Inter segment External Adjusted EBITDA/ (LBITDA)

Main foreign currency Exchange ratio of 1

unit of foreign currency to RM

During the six months ended 30 June 2026, revenue from the leisure & hospitality segment of RM6,628.9 million comprised gaming revenue and non-gaming revenue of RM5,097.0 million and RM1,531.9 million respectively.

g) Segment Information (Cont'd)

A reconciliation of adjusted EBITDA to profit before taxation is provided as follows:

RM'Mil

Adjusted EBITDA for reportable segments 1,488.7

Pre-operating expenses (93.8)

Property, plant and equipment written off (5.2)

Redundancy costs (2.1)

Loss on liquidation of a subsidiary (1.4)

Others (2.0)

EBITDA 1,384.2

Depreciation and amortisation (687.9)

Interest income 25.8

Finance costs (527.7)

Share of results in associates and a joint venture (7.5)

Profit before taxation 186.9 Leisure & Hospitality Property Investments & Others

Total

Malaysia

RM'Mil

United Kingdom

and Egypt RM'Mil

United States

of America

and Bahamas RM'Mil

Total

RM'Mil

RM'Mil

RM'Mil

RM'Mil

10,672.7

4,624.6

12,385.3

27,682.6

2,197.5

2,136.6

32,016.7

2,216.5

1,667.5

1,857.6

5,741.6

154.5

95.9

5,992.0

RM

GBP

USD

RM/USD

RM/USD

5.3996

4.0795

4.0795

4.0795

Segment Assets Segment Liabilities

Main foreign currency

Exchange ratio of 1 unit of foreign currency to RM

RM'Mil

A reconciliation of segment assets to total assets is as follows:

Segment assets 32,016.7

Interest bearing instruments 782.5

Associates and a joint venture 155.0

Assets classified as held for sale 120.2

Unallocated corporate assets 79.9

Total ass ets 33,154.3

A reconciliation of segment liabilities to total liabilities is as follows:

Segment liabilities 5,992.0

Interest bearing instruments 15,703.1

Unallocated corporate liabilities 1,117.4

Total liabilities 22,812.5

y )

Earlier from Genting Bhd

All Genting Bhd news releases