Link: https://links.sgx.com/1.0.0/corporate-announcements/MOKYVNH4CWZSNACY/60d9aff72c1e2255aabcb677bb0a384b28c24ddf5065f30c4cf1117e924ba026

Summary:

• Revenue surged 11.6% year-over-year to $1.11 billion in Q3 2025 from $997.4 million, driven by robust performance across all gaming segments and City of Dreams operations

• Net income jumped to $52.1 million versus $10.6 million in Q3 2024, marking a significant profitability turnaround aided by reversal of junket patron deposit litigation charges

• City of Dreams revenue climbed 18% to $710.9 million with rolling chip volume nearly doubling to $5.58 billion from $3.30 billion, though win rate compressed to 3.68% from 3.97%

• Mass market table games drop at City of Dreams increased to $1.66 billion from $1.40 billion while gaming machine handle rose to $1.04 billion from $940 million

• Issued $500 million in 6.50% 2033 Senior Notes in September, using proceeds to tender and redeem $500 million of 2026 Senior Notes due April 2026

• Strategic restructuring underway with Grand Dragon Casino and Mocha Kuong Fat ceasing operations in September 2025, reallocating gaming assets to City of Dreams and Studio City

• Cash position strengthened to $955.7 million plus $125 million restricted cash as of September 30, 2025, with $861.2 million available under 2020 Credit Facilities

• Operating cash flow reached $138.5 million in Q3 2025 versus $126.3 million prior year, reflecting improved profitability and operational efficiency