Melco’s Hong Kong-listed parent Melco International Development Ltd recorded a profit attributable to owners of the company of HK$350.8 million (US$45.0 million) for the six months to 30 June 2025, buoyed by the improved performance of its gaming and non-gaming operations during the period.
The company had fallen to a loss of HK$253.2 million (US$32.5 million) during the same period in 2024.
Melco International, which holds a controlling 53.9% stake in Melco Resorts, said in its interim results announcement that the reversal of fortunes followed a significant uptick in net revenues which grew by 12.4 year-on-year to HK$19.96 billion (US$2.56 billion). Adjusted EBITDA of HK$5.37 billion (US$689 million) was also 19.6% higher, although the company added that it has decided to not yet resume dividends and as such has not recommended the payment of an interim dividend for the six months ended 30 June 2025.
Lawrence Ho, Group Chairman and Chief Executive Officer of Melco International, said, “During the first half of 2025, the Group demonstrated resilient performance across its integrated resort portfolio. We delivered balanced growth by optimizing operational expenditures and investing in property upgrades and premium customer experiences. Our adaptability to market dynamics strengthened the foundation for sustainable growth across our diversified portfolio.
“In Macau, we boosted visitation and operational efficiency through strategic property enhancements, further solidifying our competitive position. Notably, the successful relaunch of ‘House of Dancing Water’ in May 2025 achieved exceptional occupancy, delivering a powerful boost of our non-gaming revenue and reaffirming Macau’s position as an entertainment destination.
“In the Philippines, City of Dreams Manila has demonstrated agility by implementing prudent cost optimisation measures in response to intensified market competition. In Cyprus, City of Dreams Mediterranean and the satellite casinos exhibited solid results despite events in the Middle East in June 2025.
“Marking a milestone, City of Dreams Sri Lanka opened in August 2025 as the first integrated resort in Sri Lanka and South Asia. This project demonstrates the Group’s capital-light strategy that aims to maximize returns while mitigating investment risks, and it will serve as a blueprint for future expansions in high-growth emerging markets.
“Looking ahead, the Group is optimistic about the long-term prospects of its diversified portfolio. Through an unwavering commitment to excellence and innovation, we will continue to enhance our offerings while strategically pursuing emerging opportunities. This approach solidifies our market leadership and drives sustained growth and success.”
Melco Resorts previously revealed that it is investing in substantial upgrades to its flagship property City of Dreams Macau, including the transformation of Countdown Hotel into a new all-suite tower comprising 150 high-end suites. The revamped hotel is scheduled to open around 3Q26.
