Link: https://links.sgx.com/1.0.0/corporate-announcements/N9GVDCX5JLJ9X44C/b75c99d216ab1e00860d3b265e84fd83288f631ec744a1e95f2f764ba8177407

Summary:

• Net loss narrowed to US$9.7 million in Q3 2025 from US$16.0 million year-ago, driven by stronger mass market gaming performance and improved operational efficiency

• Total operating revenues rose 4.5% to US$182.5 million from US$174.6 million, with revenue from casino contract jumping 14.8% to US$77.3 million as mass market operations strengthened

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

• Operating cash flow surged 95% to US$81.2 million from US$41.5 million driven by improved performance and higher payables to affiliated companies, while nine-month operating cash generation reached US$176.6 million versus US$98.9 million

• Successfully repaid US$221.6 million of 2025 Intercompany Notes at maturity in July using proceeds from credit facility drawdowns totaling US$170.3 million plus cash on hand

• Strategically repositioned casino to focus on premium mass and mass market segments after transferring VIP rolling chip operations to City of Dreams in late October 2024

• Total gross indebtedness stands at US$2.06 billion as of September 30, 2025, with cash position of US$66.4 million and US$168.2 million available under revolving credit facilities, though covenant restrictions limit unused borrowing capacity to US$88.2 million