Melco Resorts Finance Reports Q1 2025 Revenue Growth and Narrowed Loss
Summary:
-
Strong Revenue Growth: Melco Resorts Finance Limited recorded total operating revenues of US$972.8 million for the three months ended March 31, 2025, a significant increase from US$579.6 million in the same period of 2024.
-
Return to Operating Profit: The company reported operating income of US$79.8 million, compared to an operating loss of US$12.4 million in Q1 2024.
-
Net Loss Sharply Reduced: Net loss narrowed substantially to US$0.6 million, down from a loss of US$94.7 million in the prior-year quarter.
-
EBITDA Surge: Adjusted EBITDA rose to US$298.8 million from US$190.8 million, reflecting improved operational performance.
-
Cash Position: As of March 31, 2025, Melco held cash and bank balances of US$503.1 million, a decrease from US$645.6 million as of December 31, 2024.
-
Total Assets and Liabilities: Total assets stood at US$5.78 billion, while total liabilities amounted to US$6.01 billion, resulting in a shareholder deficit of US$233.9 million.
-
Major Debt Transaction: In April 2025, the company issued US$750 million of 7.625% senior notes due 2032 and used the proceeds to repay HK$5.49 billion and HK$333 million under the 2020 Credit Facilities.