Link: https://links.sgx.com/1.0.0/corporate-announcements/3INF7BNLG9L7RQYO/40af4ac3df65a54e2b04efef330b1103b22949874b9392af171d89bebe12ca4d

Summary:

• Net loss narrowed to $20.5 million in Q3 2025 from $23.0 million in Q3 2024, with nine-month loss improving to $42.6 million from $76.1 million year-over-year

• Total operating revenue increased 4.5% to $182.5 million in Q3 2025 from $174.6 million, driven by stronger mass market gaming performance and revenue from casino contract rising to $77.3 million from $67.3 million

• Studio City Casino generated gross gaming revenues of $344.4 million with mass market table games drop reaching $942.5 million at 33.1% hold percentage and gaming machine handle of $873.3 million at 3.7% win rate

• Successfully repaid $221.6 million of 2025 Senior Notes at maturity in July using proceeds from credit facility drawdowns, with total gross indebtedness at $2.06 billion as of September 30, 2025

• Operating cash flow surged to $54.0 million in Q3 2025 from $15.6 million year-ago period, while nine-month operating cash generation reached $150.0 million versus $119.5 million in 2024

• Cash position totaled $87.8 million with additional $168.2 million available under revolving credit facilities, though covenant restrictions limit unused borrowing capacity to $88.2 million

• VIP rolling chip operations strategically transferred to City of Dreams in late October 2024, refocusing Studio City Casino on premium mass and mass market segments