Melco International Development Limited, the Hong Kong-listed parent company of Macau concessionaire Melco Resorts, returned to profit for the first time since COVID in 2025 with profit attributable to owners reaching HK$1.06 billion (US$135 million). This reversed the HK$780 million (US$99.5 million) loss reported in FY24.
According to information released late Tuesday, the 2025 result included an 11.2% increase in net revenues to HK$40.24 billion (US$5.13 billion) with Adjusted EBITDA of HK$10.62 billion (US$1.35 billion).
However, Melco International did not recommend the payment of dividend despite reporting strong profit.
“In 2025, we delivered a pivotal year of robust recovery and strategic expansion,” said Group Chairman and CEO, Lawrence Ho. “Through disciplined cost management, margin expansion and an unwavering commitment to operational excellence, we have strengthened our financial foundations while sustaining positive momentum across our global portfolio.
“In Macau, we remain dedicated to elevating the quality and distinctiveness of our guest experience. House of Dancing Water made its highly anticipated return at City of Dreams in May 2025, once again captivating global audiences and reinforcing its status as a world-class spectacle. We are particularly honored to have its team recognized with the Macau government’s 2025 Medal of Merit – Tourism, underscoring the show’s vital role as a local cultural and entertainment icon and affirming our contribution to the advancement of Macau’s diversified tourism economy.
“We also advanced significant upgrades across our properties, from enhanced entrances at City of Dreams that improved visibility and accessibility, to a host of new facilities at Studio City including iRad Hospital, Macau’s only integrated resort hospital with MRI and CT imaging capabilities, and the city’s first rooftop skatepark, designed by the team behind the Olympic extreme sports venues. Together, these transformative upgrades reaffirm our dedication to expanding our industry-leading non-gaming offerings.
“Beyond Macau, we continue to pursue growth with focus and agility. Guided by our capital-light strategy, the Group successfully expanded its global footprint through City of Dreams Sri Lanka, South Asia’s first integrated resort, in the third quarter of 2025. In the Philippines, City of Dreams Manila maintained operational resilience through targeted cost optimization as we navigated an increasingly competitive market landscape. In Cyprus, City of Dreams Mediterranean and our satellite casinos maintained stable operational performance, navigating regional headwinds through ongoing operational refinements.
“Looking ahead, we remain focused on advancing our robust pipeline of transformative initiatives to strengthen our market leadership. A key highlight for 2026 is the launch of our new luxury hotel project REM at City of Dreams in the second half of the year, alongside the ongoing revitalization of the property’s retail and dining precincts.
“Guided by our unwavering commitment to excellence, we will continue to upgrade our offerings to deliver unparalleled and memorable experiences to our guests, with our strategy remaining anchored in innovation, quality and sustainable value creation for all stakeholders.”
