Key Takeaways:
- Reports full-year net profit of HKD 1.058 billion, reversing a prior-year loss.
- Net revenue grew 11.2 percent year-on-year to HKD 40.241 billion.
- Adjusted EBITDA rose 17.6 percent to HKD 10.625 billion on casino recovery.
Key Takeaways:

Melco International Development (00200.HK) reported a net profit of HKD 1.058 billion for its 2025 fiscal year, reversing a significant loss from the prior year on stronger casino and hospitality results.
The casino and resort operator announced full-year net revenue of HKD 40.241 billion, an 11.2 percent increase from the previous year. The turnaround from a HKD 785 million loss in 2024 was primarily attributed to enhanced performance in its casino and hotel operations, alongside a reversal of impairment on certain non-current assets.
The results generated earnings per share of HKD 0.50, though the company did not declare a final dividend. The strong profit swing and a 17.6 percent rise in adjusted EBITDA to HKD 10.625 billion may boost investor confidence amid a broader recovery in the gaming sector.
The company's performance reflects a continued rebound in Macau's gaming industry, a key market for Melco. The improved operating environment allowed for better results across its integrated resort portfolio. Despite the profit turnaround, the decision to withhold a final dividend could suggest a conservative capital management approach as the company shores up its balance sheet. Short interest in the stock represented 17.57% of recent trading volume, according to data from the exchange.
The return to profitability signals that Melco's operational recovery is gaining traction. Investors will now watch for sustained revenue growth and margin improvement in the upcoming quarters to confirm the trend's durability.
This article is for informational purposes only and does not constitute investment advice.