Genting Fourth Quarter Net Loss Widens on Higher Impairments, Depreciation
By Ying Xian Wong
Genting Bhd.'s fourth-quarter net loss widened, mainly due to higher impairment losses and depreciation.
The Malaysia-listed resort operator's net loss increased to 290 million ringgit, equivalent to $74.7 million, compared with the 169.4 million ringgit loss in the same period a year earlier, it said late Thursday. Lower interest income and an administrative fine also weighed on results.
Quarterly revenue rose 0.9% to 6.94 billion ringgit.
For 2025, Genting swung to a net loss of 11.6 million ringgit, from a net profit of 882.9 million ringgit the previous year.
Looking ahead, Genting said the global and Malaysian economies are expected to stay resilient, supported by domestic demand, investment, exports and tourism, though risks from macroeconomic and geopolitical uncertainties remain.
Cross-border tourism and regional gaming market should stay stable on stronger connectivity, intra-Asia travel and tourism-related demand, it added.
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
February 26, 2026 20:04 ET (01:04 GMT)
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