Genting Sing G13

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Financials

GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025

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Statement of Comprehensive Income

20 metrics

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Statement of Comprehensive Income from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Income
Revenue$’000 2,452,0532,529,960 PDF p. 36
Cost of sales^$’000 (1,704,609)(1,693,865) PDF p. 36
Gross profit$’000 747,444836,095 PDF p. 36
Other operating income$’000 1603,751 PDF p. 36
Interest income$’000 81,747138,398 PDF p. 36
Administrative expenses$’000 (244,167)(205,011) PDF p. 36
Selling and distribution expenses$’000 (48,632)(38,650) PDF p. 36
Other operating expenses$’000 (29,943)(7,360) PDF p. 36
Operating profit$’000 506,609727,223 PDF p. 36
Finance costs$’000 (963)(988) PDF p. 36
Share of results of joint venture$’000 5,6194,801 PDF p. 36
Profit before taxation$’000 511,265731,036 PDF p. 36
Taxation$’000 (120,919)(152,167) PDF p. 36
Net profit for the financial year$’000 390,346578,869 PDF p. 36
Attribution
Net profit attributable to ordinary shareholders of the Company$’000 390,346578,869 PDF p. 36
Other comprehensive income/(loss), may be reclassified subsequently to profit or loss
Foreign currency exchange differences$’000 41055 PDF p. 36
Reclassification of foreign currency exchange differences$’000 (2,073)– PDF p. 36
Other comprehensive (loss)/income for the financial year, net of tax$’000 (1,663)55 PDF p. 36
Comprehensive income
Total comprehensive income for the financial year$’000 388,683578,924 PDF p. 36
Attribution
Total comprehensive income attributable to ordinary shareholders of the Company$’000 388,683578,924 PDF p. 36
Definitions & sources

^ Included in cost of sales for the year ended 31 December 2025 is net impairment on trade receivables (Note 6) amounting to $165,146,000 (2024: $182,845,000).

Earnings per share attributable to ordinary shareholders of the Company

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Earnings per share attributable to ordinary shareholders of the Company from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Earnings per share attributable to ordinary shareholders of the Company
Basic earnings per share (cents)cents per share 3.234.79 PDF p. 36
Diluted earnings per share (cents)cents per share 3.234.79 PDF p. 36
Definitions & sources

Statements of Financial Position

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Statements of Financial Position from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Non-current assets
Property, plant and equipment$’000 5,386,7465,075,0244021,351 PDF p. 36
Intangible assets$’000 159,777110,442410– PDF p. 36
Interests in joint venture$’000 82,39376,774–– PDF p. 36
Interests in subsidiaries$’000 ––4,095,3844,001,458 PDF p. 36
Deferred tax assets$’000 4–317 PDF p. 36
Financial assets at fair value through profit or loss$’000 48,14948,340–– PDF p. 36
Trade and other receivables$’000 7,4987,505–125,725 PDF p. 36
Non-current assets subtotal
Subtotal$’000 5,684,5675,318,0854,096,1994,128,551 PDF p. 36
Current assets
Inventories$’000 55,92050,313–– PDF p. 36
Trade and other receivables$’000 244,970274,23667,084369,228 PDF p. 36
Financial assets at fair value through profit or loss$’000 –5,052–– PDF p. 36
Cash and cash equivalents$’000 3,200,3423,582,8781,717,4381,424,982 PDF p. 36
Current assets subtotal
Subtotal$’000 3,501,2323,912,4791,784,5221,794,210 PDF p. 36
Current liabilities
Trade and other payables$’000 659,682570,20012,82512,273 PDF p. 36
Lease liabilities$’000 2,1991,689142985 PDF p. 36
Income tax liabilities$’000 121,005178,9696,70211,361 PDF p. 36
Current liabilities subtotal
Subtotal$’000 782,886750,85819,66924,619 PDF p. 36
Net current assets
Net current assets$’000 2,718,3463,161,6211,764,8531,769,591 PDF p. 36
Total assets less current liabilities
Total assets less current liabilities$’000 8,402,9138,479,7065,861,0525,898,142 PDF p. 36
Equity attributable to ordinary shareholders
Share capital$’000 5,527,7055,527,7055,527,7055,527,705 PDF p. 36
Treasury shares$’000 (6,498)(17,268)(6,498)(17,268) PDF p. 36
Other reserves$’000 17,54128,14410,12119,061 PDF p. 36
Retained earnings$’000 2,666,6682,758,996329,655368,409 PDF p. 36
Total equity$’000 8,205,4168,297,5775,860,9835,897,907 PDF p. 36
Non-current liabilities
Deferred tax liabilities$’000 164,909165,139–– PDF p. 36
Lease liabilities$’000 3731,745–169 PDF p. 36
Provision for retirement gratuities$’000 1171586966 PDF p. 36
Other payables$’000 32,09815,087–– PDF p. 36
Non-current liabilities subtotal
Subtotal$’000 197,497182,12969235 PDF p. 36
Total equity and non-current liabilities
Total equity and non-current liabilities$’000 8,402,9138,479,7065,861,0525,898,142 PDF p. 36
Definitions & sources

Statement of Cash Flows — Group

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Statement of Cash Flows — Group from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Operating activities
Net cash generated from operating activities$’000 789,980859,689 PDF p. 39
Profit before taxation$’000 511,265731,036 PDF p. 39
Adjustments: Property, plant and equipment
– Depreciation$’000 321,375328,653 PDF p. 39
– Net loss on disposals$’000 182292 PDF p. 39
– Written off$’000 2,4604,314 PDF p. 39
Adjustments
Amortisation of intangible assets$’000 36,56427,273 PDF p. 39
Net impairment on trade receivables$’000 165,146182,845 PDF p. 39
Write-off of intangible assets$’000 4,3491,034 PDF p. 39
Fair value loss on financial assets at fair value through profit or loss$’000 14,6211,720 PDF p. 39
Share-based payment expense$’000 1,9628,976 PDF p. 39
Inventory write-down$’000 506172 PDF p. 39
Finance charges$’000 963988 PDF p. 39
Unrealised foreign exchange loss/(gain)$’000 8,964(4,298) PDF p. 39
Interest income$’000 (81,747)(138,398) PDF p. 39
Share of results of joint venture$’000 (5,619)(4,801) PDF p. 39
(Write-back)/provision of retirement gratuities$’000 (40)7 PDF p. 39
Operating activities
Operating cash flows before movements in working capital$’000 980,9511,139,813 PDF p. 39
Changes in working capital
Increase in inventories$’000 (6,113)(2,919) PDF p. 39
Increase in trade and other receivables$’000 (143,933)(221,040) PDF p. 39
Increase/(decrease) in trade and other payables$’000 49,280(14,562) PDF p. 39
Changes in working capital total$’000 (100,766)(238,521) PDF p. 39
Operating activities
Cash generated from operating activities$’000 880,185901,292 PDF p. 39
Interest received$’000 88,912141,639 PDF p. 39
Net taxation paid$’000 (179,117)(183,242) PDF p. 39
Net cash generated from operating activities$’000 789,980859,689 PDF p. 39
Investing activities: Property, plant and equipment
– Proceeds from disposals$’000 471791 PDF p. 39
– Purchases$’000 (578,717)(422,720) PDF p. 39
Investing activities
Additions of intangible assets$’000 (90,248)(6,936) PDF p. 39
Proceeds from other asset$’000 –60,000 PDF p. 39
Proceeds from disposals of financial assets at fair value through profit or loss$’000 6141,694 PDF p. 39
Additions of financial assets at fair value through profit or loss$’000 (8,497)(33,920) PDF p. 39
Net cash used in investing activities$’000 (676,377)(401,091) PDF p. 39
Financing activities
Interest paid$’000 (155)(204) PDF p. 39
Dividends paid$’000 (483,317)(482,901) PDF p. 39
Repayment of lease liabilities$’000 (2,145)(2,053) PDF p. 39
Net cash used in financing activities$’000 (485,617)(485,158) PDF p. 39
Cash and cash equivalents reconciliation
Decrease in cash and cash equivalents$’000 (372,014)(26,560) PDF p. 39
Beginning of financial year$’000 3,582,8783,604,754 PDF p. 39
Net outflow$’000 (372,014)(26,560) PDF p. 39
Effects of exchange rate changes$’000 (10,522)4,684 PDF p. 39
End of financial year$’000 3,200,3423,582,878 PDF p. 39
Reconciliation of liabilities arising from financing activities
Beginning of financial year$’000 3,4342,918 PDF p. 39
Principal payments$’000 (2,145)(2,053) PDF p. 39
Reconciliation of liabilities arising from financing activities: Non-cash changes
– Additions$’000 1,4363,212 PDF p. 39
– Written off$’000 (35)(697) PDF p. 39
– Exchange differences$’000 (118)54 PDF p. 39
Reconciliation of liabilities arising from financing activities
End of financial year$’000 2,5723,434 PDF p. 39
Definitions & sources

The liabilities reconciliation is headed “Lease liabilities.”

Financial highlights

5 metrics

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Financial highlights from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Financial highlights
REVENUESingapore dollars, billions 2.452.53 PDF p. 12
SHAREHOLDERS’ FUNDSingapore dollars, billions 8.218.30 PDF p. 12
ADJUSTED EBITDASingapore dollars, millions 815.8960.1 PDF p. 12
TOTAL ASSETS EMPLOYEDSingapore dollars, billions 9.199.23 PDF p. 12
NET PROFITSingapore dollars, millions 390.3578.9 PDF p. 12
Definitions & sources

Financial highlights state: “All figures are in Singapore Dollars”. Adjusted EBITDA is presented as a highlight; no further definition is provided on this page.

Dividends per ordinary share

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Dividends per ordinary share from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group, financial year ended 31 December 20252024Group, FY2024 Source
Dividend
Total dividend for the financial year (cents per ordinary share)cents per ordinary share 44 PDF p. 7
Definitions & sources

The Board recommended a final dividend of 2 cents per share on a one-tier tax-exempt basis, subject to shareholder approval at the upcoming Annual General Meeting. Including the interim dividend of 2 cents per ordinary share on a one-tier tax-exempt basis, the total dividend for the financial year ended 31 December 2025 amounts to 4 cents per share (FY2024: 4 cents).

Statements of Changes in Equity — Group — 2025

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Statements of Changes in Equity — Group — 2025 from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Group; Share capital2025Group; Treasury shares2025Group; Performance share reserve2025Group; Exchange translation reserve2025Group; Retained earnings2025Group; Total Source
Opening balance
As at 1 January 2025$’000 5,527,705(17,268)19,0619,0832,758,9968,297,577 PDF p. 37
Total comprehensive income/(loss)
– Net profit for the financial year$’000 ––––390,346390,346 PDF p. 37
– Other comprehensive loss$’000 –––(1,663)–(1,663) PDF p. 37
Transactions with owners: Performance share schemes
– Value of employee services$’000 ––2,473––2,473 PDF p. 37
– Treasury shares reissued$’000 –10,770(11,413)–643– PDF p. 37
Transactions with owners
Dividends paid$’000 ––––(483,317)(483,317) PDF p. 37
Total transactions with owners$’000 –10,770(8,940)–(482,674)(480,844) PDF p. 37
Closing balance
As at 31 December 2025$’000 5,527,705(6,498)10,1217,4202,666,6688,205,416 PDF p. 37
Definitions & sources

Statements of Changes in Equity — Group — 2024

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Statements of Changes in Equity — Group — 2024 from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2024Group; Share capital2024Group; Treasury shares2024Group; Performance share reserve2024Group; Exchange translation reserve2024Group; Retained earnings2024Group; Total Source
Opening balance
As at 1 January 2024$’000 5,527,705(17,670)10,2139,0282,662,8708,192,146 PDF p. 37
Total comprehensive income/(loss)
– Net profit for the financial year$’000 ––––578,869578,869 PDF p. 37
– Other comprehensive income$’000 –––55–55 PDF p. 37
Transactions with owners: Performance share schemes
– Value of employee services$’000 ––9,408––9,408 PDF p. 37
– Treasury shares reissued$’000 –402(560)–158– PDF p. 37
Transactions with owners
Dividends paid$’000 ––––(482,901)(482,901) PDF p. 37
Total transactions with owners$’000 –4028,848–(482,743)(473,493) PDF p. 37
Closing balance
As at 31 December 2024$’000 5,527,705(17,268)19,0619,0832,758,9968,297,577 PDF p. 37
Definitions & sources

Statements of Changes in Equity — Company — 2025

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Statements of Changes in Equity — Company — 2025 from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2025Company; Share capital2025Company; Treasury shares2025Company; Performance share reserve2025Company; Retained earnings2025Company; Total Source
Opening balance
As at 1 January 2025$’000 5,527,705(17,268)19,061368,4095,897,907 PDF p. 38
Total comprehensive income
– Net profit for the financial year$’000 –––443,920443,920 PDF p. 38
Transactions with owners: Performance share schemes
– Value of employee services$’000 ––2,473–2,473 PDF p. 38
– Treasury shares reissued$’000 –10,770(11,413)643– PDF p. 38
Transactions with owners
Dividends paid$’000 –––(483,317)(483,317) PDF p. 38
Total transactions with owners$’000 –10,770(8,940)(482,674)(480,844) PDF p. 38
Closing balance
As at 31 December 2025$’000 5,527,705(6,498)10,121329,6555,860,983 PDF p. 38
Definitions & sources

Statements of Changes in Equity — Company — 2024

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Statements of Changes in Equity — Company — 2024 from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025
Metric / unit 2024Company; Share capital2024Company; Treasury shares2024Company; Performance share reserve2024Company; Retained earnings2024Company; Total Source
Opening balance
As at 1 January 2024$’000 5,527,705(17,670)10,213369,7865,890,034 PDF p. 38
Total comprehensive income
– Net profit for the financial year$’000 –––481,366481,366 PDF p. 38
Transactions with owners: Performance share schemes
– Value of employee services$’000 ––9,408–9,408 PDF p. 38
– Treasury shares reissued$’000 –402(560)158– PDF p. 38
Transactions with owners
Dividends paid$’000 –––(482,901)(482,901) PDF p. 38
Total transactions with owners$’000 –4028,848(482,743)(473,493) PDF p. 38
Closing balance
As at 31 December 2024$’000 5,527,705(17,268)19,061368,4095,897,907 PDF p. 38
Definitions & sources

Where the money comes from

Segment information

By business

Segment information 2025 – business segments 13 lines
Segment information 2025 – business segments — Group
Item / unit 2025Leisure and Hospitality – Singapore2025Leisure and Hospitality – Others*2025Investments2025Total Source
Revenue
Gaming$'000 1,603,592––1,603,592 PDF p. 62
Non-gaming$'000 832,302––832,302 PDF p. 62
Other revenue$'000 15,507185,36220,887 PDF p. 62
Inter-segment revenue$'000 ––(4,728)(4,728) PDF p. 62
External revenue$'000 2,451,401186342,452,053 PDF p. 62
Results
Adjusted EBITDA$'000 856,438(2,550)(38,094)815,794 PDF p. 62
Share of results of joint venture$'000 5,619––5,619 PDF p. 62
Amortisation of intangible assets$'000 (36,564)––(36,564) PDF p. 62
Assets
Segment assets$'000 7,090,71713,1671,999,5189,103,402 PDF p. 62
Interests in joint venture$'000 82,393––82,393 PDF p. 62
Segment assets include: Additions to
– Property, plant and equipment$'000 651,557–446652,003 PDF p. 62
– Intangible assets$'000 89,838–41090,248 PDF p. 62
Liabilities
Segment liabilities$'000 674,8252,25114,821691,897 PDF p. 62
Notes

* Other leisure and hospitality segment mainly represents other support services.

Single-value rows (deferred tax assets, consolidated totals, lease/tax liabilities) are printed in the Total column area only.

Depreciation of property, plant and equipment row is split across lines in print and not extracted.

Segment information 2024 – business segments 13 lines
Segment information 2024 – business segments — Group
Item / unit 2024Leisure and Hospitality – Singapore2024Leisure and Hospitality – Others*2024Investments2024Total Source
Revenue
Gaming$'000 1,703,213––1,703,213 PDF p. 62
Non-gaming$'000 816,694––816,694 PDF p. 62
Other revenue$'000 9,455185,05114,524 PDF p. 62
Inter-segment revenue$'000 ––(4,471)(4,471) PDF p. 62
External revenue$'000 2,529,362185802,529,960 PDF p. 62
Results
Adjusted EBITDA$'000 990,532(2,993)(27,436)960,103 PDF p. 62
Share of results of joint venture$'000 4,801––4,801 PDF p. 62
Amortisation of intangible assets$'000 (27,273)––(27,273) PDF p. 62
Assets
Segment assets$'000 7,438,2051,6881,713,8979,153,790 PDF p. 62
Interests in joint venture$'000 76,774––76,774 PDF p. 62
Segment assets include: Additions to
– Property, plant and equipment$'000 464,508–741465,249 PDF p. 62
– Intangible assets$'000 6,936––6,936 PDF p. 62
Liabilities
Segment liabilities$'000 568,8112,58614,048585,445 PDF p. 62
Notes

* Other leisure and hospitality segment mainly represents other support services.

Single-value rows are printed in the Total column area only.

Depreciation of property, plant and equipment row is split across lines in print and not extracted.

Reconciliation of Adjusted EBITDA to profit before taxation 9 lines
Reconciliation of Adjusted EBITDA to profit before taxation
Item / unit 2025Group2024Group Source
Reconciliation
Adjusted EBITDA for reportable segments$'000 815,794960,103 PDF p. 63
Share-based payment expense$'000 (1,962)(8,976) PDF p. 63
Net exchange (loss)/gain relating to investments$'000 (4,732)3,303 PDF p. 63
Depreciation and amortisation$'000 (357,939)(355,926) PDF p. 63
Interest income$'000 81,747138,398 PDF p. 63
Finance costs$'000 (963)(988) PDF p. 63
Share of results of joint venture$'000 5,6194,801 PDF p. 63
Other expenses (net)*$'000 (26,299)(9,679) PDF p. 63
Profit before taxation$'000 511,265731,036 PDF p. 63
Notes

* Other expenses (net) include write off/gain/(loss) on disposals of property, plant and equipment and intangible assets, fair value gain/(loss) on financial assets at fair value through profit or loss, pre-opening/development expenses and other non-recurring adjustments.

By geography

Geographical information 3 lines
Geographical information
Item / unit 2025Group2024Group Source
Revenue
Singapore$'000 2,452,0532,529,960 PDF p. 63
Non-current assets
Singapore$'000 5,636,1545,269,542 PDF p. 63
Asia Pacific (excluding Singapore)$'000 260203 PDF p. 63
Notes

Revenue is classified based on the location in which revenue is derived. Sales between segments are eliminated. Non-current assets exclude deferred tax assets and financial assets at fair value through profit or loss.

Total non-current assets printed as 5,636,414 (2025) and 5,269,745 (2024) without a label.

There is no revenue derived from transactions with a single external customer that amounted to 10% or more of the Group’s revenue.

Debt

Borrowings

Lease liabilities contractual undiscounted maturity (Note 25(e) Liquidity risk)

Lease liabilities contractual undiscounted maturity (Note 25(e) Liquidity risk) — Group
Item / unit 2025Less than 1 year, $'0002025Between 1 and 2 years, $'0002025Between 2 and 5 years, $'0002025Over 5 years, $'000 Source
Group 2025
Lease liabilities$'000 2,210378–– PDF p. 59
Notes

The amounts disclosed are the contractual undiscounted cash flows.

Lease liabilities contractual undiscounted maturity - Group 2024

Lease liabilities contractual undiscounted maturity - Group 2024 — Group
Item / unit 2024Less than 1 year, $'0002024Between 1 and 2 years, $'0002024Between 2 and 5 years, $'0002024Over 5 years, $'000 Source
Group 2024
Lease liabilities$'000 1,9091,552393– PDF p. 59
Notes

The amounts disclosed are the contractual undiscounted cash flows.

Lease liabilities contractual undiscounted maturity - Company

Lease liabilities contractual undiscounted maturity - Company — Company
Item / unit 2025Less than 1 year, $'0002025Between 1 and 2 years, $'0002025Between 2 and 5 years, $'0002025Over 5 years, $'0002024Less than 1 year, $'0002024Between 1 and 2 years, $'0002024Between 2 and 5 years, $'0002024Over 5 years, $'000 Source
Company
Lease liabilities$'000 143–––1,014169–– PDF p. 59
Notes

The amounts disclosed are the contractual undiscounted cash flows.

Borrowing notes 2 tables

Lease liabilities on statements of financial position (current and non-current)

Lease liabilities on statements of financial position (current and non-current)
Item / unit 2025Group, $'0002024Group, $'0002025Company, $'0002024Company, $'000 Source
Current liabilities
Lease liabilities$'000 2,1991,689142985 PDF p. 36
Non-current liabilities
Lease liabilities$'000 3731,745–169 PDF p. 36
Notes

No bank borrowings or other debt instruments appear on the statements of financial position; only lease liabilities are shown as debt-like items.

Gearing ratio - total debt (borrowings and lease liabilities)

Gearing ratio - total debt (borrowings and lease liabilities) — Group
Item / unit 2025$'0002024$'000 Source
Gearing ratios
Total debt$'000 2,5723,434 PDF p. 59
Gearing ratio% 0.030.04 PDF p. 59
Notes

Total debt is calculated as total borrowings and lease liabilities. Gearing ratio is calculated as total debt divided by total capital.

Payout

Dividends & distributions

Dividends declared and proposed

ItemValuePeriod / scopeSource
Final dividends paid in respect of the previous financial year of 2 cents per ordinary share^ (2024: 2 cents per ordinary share) 241,658 $'000 Group and Company, paid in 2025 for FY2024 final (2 cents per share); 2024 comparative 241,451 PDF p. 56
Interim dividends paid in respect of the current financial year of 2 cents per ordinary share (2024: 2 cents per ordinary share) 241,659 $'000 Group and Company, 2025; 2024 comparative 241,450 PDF p. 56

Extracted from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP Group and Company, FY2025 PDF p. 65
Engagement partner Lee Chian Yorn Group and Company, FY2025 PDF p. 65

Extracted from GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow GENTING SINGAPORE LIMITED | ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Figures retain Group and Company scope and original Singapore-dollar thousands, millions, billions and per-share cents. Group equity preserves six component columns; Company equity preserves five, separately for 2025 and 2024.

The latest report provides 2025/2024 comparisons. No five-year financial table was located in the complete report; earlier annual reports still need collecting. The source’s 4-cent total dividend includes its recommended final dividend, subject to shareholder approval.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.