Wynn Macau Ltd

01128: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wynn Macau Earnings: Soft Results, but Strong Dividend Surprise

Jennifer Song

Mar 23, 2026

Wynn Macau's 2025 net revenue rose 1% year on year, while adjusted property EBITDA fell 9%. The company declared a final dividend of HKD 0.223 per share, up from HKD 0.185 a year ago, bringing the full-year dividend to HKD 0.408 per share.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Wynn Macau Ltd

Wynn Macau Earnings: Soft Results, but Strong Dividend Surprise

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