FIRST QUARTERLY REPORT
Quarterly report on consolidated results for the three months ended 31 March 2025. The figures have not been audited.
CONDENSED CONSOLIDATED INCOME STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2025
INDIVIDUAL QUARTER
First quarter ended
31 MarchCUMULATIVE PERIOD
Three months ended
31 March2025 RM'000 | 2024 RM'000 | 2025 RM'000 | 2024 RM'000 | ||
Revenue | 2,595,150 | 2,764,914 | 2,595,150 | 2,764,914 | |
Cost of sales | (1,949,502) | (2,026,000) | (1,949,502) | (2,026,000) | |
Gross profit | 645,648 | 738,914 | 645,648 | 738,914 | |
Other income | 99,452 | 118,720 | 99,452 | 118,720 | |
Other expenses | (362,891) | (377,971) | (362,891) | (377,971) | |
Other gains/(losses) - net | 53,499 | (141,453) | 53,499 | (141,453) | |
Profit from operations before impairment losses | 435,708 | 338,210 | 435,708 | 338,210 | |
Impairment losses | - | (1,330) | - | (1,330) | |
Profit from operations | 435,708 | 336,880 | 435,708 | 336,880 | |
Finance costs | (184,204) | (146,350) | (184,204) | (146,350) | |
Share of results in associates | (67,361) | (73,362) | (67,361) | (73,362) | |
Share of results in a joint venture | (199) | (1,236) | (199) | (1,236) | |
Profit before taxation | 183,944 | 115,932 | 183,944 | 115,932 | |
Taxation | (132,029) | (79,243) | (132,029) | (79,243) | |
Profit for the financial period | 51,915 | 36,689 | 51,915 | 36,689 | |
Profit attributable to: | |||||
Equity holders of the Company | 72,577 | 57,783 | 72,577 | 57,783 | |
Non-controlling interests | (20,662) | (21,094) | (20,662) | (21,094) | |
51,915 | 36,689 | 51,915 | 36,689 | ||
Earnings per share (sen) for profit attributable to equity holders of the Company: | |||||
- Basic | 1.28 | 1.02 | 1.28 | 1.02 | |
- Diluted | 1.28 | 1.02 | 1.28 | 1.02 |
(The Condensed Consolidated Income Statement should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2024.)
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 31 MARCH 2025
INDIVIDUAL QUARTER
First quarter ended
31 MarchCUMULATIVE PERIOD
Three months ended
31 March2025 2024 2025 2024
RM'000 RM'000 RM'000 RM'000
Profit for the financial period 51,915 36,689 51,915 36,689
Other comprehensive income/(loss)
Items that will not be reclassified subsequently to profit or loss:
Changes in the fair value of equity instruments at fair value through
other comprehensive income - (2,963) - (2,963)
Items that may be reclassified subsequently to profit or loss:
Cash flow hedges | 6,931 | - | 6,931 | - | |
Net foreign currency exchange differences on translation of foreign operations | (44,473) | 290,440 | (44,473) | 290,440 | |
(37,542) | 290,440 | (37,542) | 290,440 | ||
Other comprehensive (loss)/income, net of tax | (37,542) | 287,477 | (37,542) | 287,477 | |
Total comprehensive income for the financial period | 14,373 | 324,166 | 14,373 | 324,166 |
Total comprehensive income/(loss) attributable to:
Equity holders of the Company | 24,256 | 371,796 | 24,256 | 371,796 | |
Non-controlling interests | (9,883) | (47,630) | (9,883) | (47,630) | |
14,373 | 324,166 | 14,373 | 324,166 |
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2024.)
GENTING MALAYSIA BERHAD CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 | |||
As at | As at | ||
31.03.2025 | 31.12.2024 | ||
RM'000 | RM'000 | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 13,703,420 | 13,779,210 | |
Land held for property development | 178,229 | 178,229 | |
Investment properties | 2,248,690 | 2,263,531 | |
Intangible assets | 3,987,001 | 3,999,802 | |
Right-of-use assets | 924,489 | 924,002 | |
Associates | 2,020,793 | 2,113,198 | |
Joint venture | 38,255 | 38,453 | |
Financial assets at fair value through other comprehensive income | 69,949 | 70,784 | |
Financial assets at fair value through profit or loss | 611,994 | 408,096 | |
Derivative financial instruments | 1,397 | - | |
Amounts due from associates | 59,260 | 54,696 | |
Other non-current assets | 408,492 | 390,596 | |
Deferred tax assets | 41,418 | 42,311 | |
24,293,387 | 24,262,908 | ||
Current assets | |||
Inventories | 189,108 | 186,786 | |
Trade and other receivables | 569,787 | 551,476 | |
Amount due from holding company | 507 | 658 | |
Amounts due from related companies | 922 | 1,101 | |
Restricted cash | 10,079 | 10,032 | |
Cash and cash equivalents | 3,431,027 | 3,536,631 | |
4,201,430 | 4,286,684 | ||
Assets classified as held for sale | 17,593 | 17,808 | |
4,219,023 | 4,304,492 | ||
TOTAL ASSETS | 28,512,410 | 28,567,400 | |
EQUITY AND LIABILITIES | |||
Equity attributable to equity holders of the Company | |||
Share capital | 1,764,424 | 1,764,424 | |
Reserves | 10,889,942 | 11,092,396 | |
Treasury shares | (935,660) | (935,660) | |
11,718,706 | 11,921,160 | ||
Non-controlling interests | (892,018) | (882,135) | |
TOTAL EQUITY | 10,826,688 | 11,039,025 | |
Non-current liabilities | |||
Other long-term liabilities | 242,028 | 237,667 | |
Long term borrowings | 11,855,563 | 11,938,376 | |
Lease liabilities | 1,033,298 | 1,025,054 | |
Deferred tax liabilities | 995,248 | 981,043 | |
Derivative financial instruments | - | 3,960 | |
14,126,137 | 14,186,100 | ||
Current liabilities | |||
Trade and other payables | 2,820,173 | 2,925,799 | |
Amount due to holding company | 309 | 15,534 | |
Amounts due to related companies | 2,032 | 2,479 | |
Amounts due to associates | 478 | 505 | |
Short term borrowings | 336,139 | 282,428 | |
Lease liabilities | 75,726 | 72,762 | |
Taxation | 98,018 | 42,768 | |
Dividend payable | 226,710 | - | |
3,559,585 | 3,342,275 | ||
TOTAL LIABILITIES | 17,685,722 | 17,528,375 | |
TOTAL EQUITY AND LIABILITIES | 28,512,410 | 28,567,400 | |
NET ASSETS PER SHARE (RM) | 2.07 | 2.10 | |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited Financial Statements for the financial year ended 31 December 2024.)
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 MARCH 2025
Attributable to equity holders of the CompanyShare Capital | Fair Value Reserve | Cash Flow Hedge Reserve | Other Reserves | Treasury Shares | Retained Earnings | Total | Non-controlling Interests | Total Equity | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
At 1 January 2025 1,764,424 | (82,530) | (3,364) | 2,157,071 | (935,660) | 9,021,219 | 11,921,160 | (882,135) | 11,039,025 | |
Profit/(loss) for the financial period - | - | - | - | - | 72,577 | 72,577 | (20,662) | 51,915 | |
Other comprehensive income/(loss) - | - | 6,931 | (55,252) | - | - | (48,321) | 10,779 | (37,542) | |
Total comprehensive income/(loss) for the financial period - | - | 6,931 | (55,252) | - | 72,577 | 24,256 | (9,883) | 14,373 | |
Transactions with owners: | |||||||||
Appropriation: Final single-tier dividend declared for the financial | |||||||||
year ended 31 December 2024 | - | - | - | - | - | (226,710) | (226,710) | - | (226,710) |
Total transactions with owners | - | - | - | - | - | (226,710) | (226,710) | - | (226,710) |
At 31 March 2025 | 1,764,424 | (82,530) | 3,567 | 2,101,819 | (935,660) | 8,867,086 | 11,718,706 | (892,018) | 10,826,688 |
(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 2024.)
GENTING MALAYSIA BERHAD
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 31 MARCH 2024
Share Capital | Fair Value Reserve | Other Reserves | Treasury Shares | Retained Earnings | Total | Non-controlling Interests | Total Equity |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
1,764,424 | (83,898) | 2,466,011 | (935,660) | 9,616,594 | 12,827,471 | (815,360) | 12,012,111 |
- | - | - | - | 57,783 | 57,783 | (21,094) | 36,689 |
- | (2,963) | 316,976 | - | - | 314,013 | (26,536) | 287,477 |
- | (2,963) | 316,976 | - | 57,783 | 371,796 | (47,630) | 324,166 |
- | - | - | - | (510,097) | (510,097) | - | (510,097) |
- | - | - | - | (510,097) | (510,097) | - | (510,097) |
1,764,424 | (86,861) | 2,782,987 | (935,660) | 9,164,280 | 12,689,170 | (862,990) | 11,826,180 |
Attributable to equity holders of the Company
Balance at 1 January 2024 Profit/(loss) for the financial period Other comprehensive (loss)/income
Total comprehensive income/(loss) for the financial period Transactions with owners:
Appropriation:
Final single-tier dividend declared for the financial year ended 31 December 2023
Total transactions with owners At 31 March 2024