Melco International Development Limited (“Melco International” or the “Company”, together with its subsidiaries (collectively the “Group”), HKEX Code: 200) today announced its interim results for the six months ended 30 June 2025.
For the six months ended 30 June 2025, the Group’s net revenues totalled HK$19.96 billion, representing an increase of 12.4% compared to HK$17.77 billion recorded in the corresponding period of 2024. The increase was primarily attributable to the improved performance in both overall gaming and non-gaming operations. The Group generated Adjusted EBITDA of HK$5.37 billion for the six months ended 30 June 2025, compared to HK$4.49 billion for the corresponding period of 2024. Profit attributable to owners of the Company was HK$350.8 million for the six months ended 30 June 2025, compared to loss attributable to owners of the Company of HK$253.2 million in the corresponding period of 2024.
The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2025.
Mr. 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 optimising 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 maximise 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.”
Unwavering Commitment to Excellence
The Group continues to set new benchmarks in luxury hospitality, achieving a record 107 Stars by the 2025 Forbes Travel Guide, including 19 prestigious Five-Star awards across its properties, the highest recognition among integrated resorts in both Macau and Asia. Culinary excellence continues to shine, with eight MICHELIN stars awarded across five of its signature restaurants, complemented by six Diamonds from the Black Pearl Restaurant Guide 2025 and 11 awards at the Tatler Best 2025 Hong Kong and Macau. Additionally, Studio City was once again honoured at the Pacific Asia Travel Association (PATA) Gold Awards 2025, winning the “Best Marketing Campaign – Hospitality” category for the third consecutive year, while City of Dreams Mediterranean shines at the Cyprus Tourism Awards, garnering five prestigious accolades, including the Gold Award for Innovation in High-End Experience.
Leading in Nurturing and Showcasing Local Talents
The Group is committed to the development of Macau’s entertainment and creative industries. “House of Dancing Water” offers local talents a valuable opportunity to engage in a world-class production, working alongside international artists and technicians from over 30 countries. The Group continued to co-host the “Melco Star Macau Youth Talent Competition” with the National Conditions Education (Macau) Association to nurture local talent in entertainment and creativity while foster national pride through Chinese cultural arts. This year’s event drew nearly 1,300 participants from 60 schools and institutions, showcasing 200 performances.
Elevating “Above & Beyond” to Sustainable Achievements
While dedicated to serving premium culinary offerings, the Group remains focused on sustainable sourcing. The Group has achieved its goal of sourcing 100% of eggs from cage-free hens by 2025 across its entire global portfolio, reflecting its deeper ambition to embed sustainability into procurement. In recognition of its outstanding sustainability efforts, the Group received the Best Environmental Responsibility and Sustainable Asia Award at the Asian Excellence Awards 2025, along with the Gold Award for Sustainable Impact from the Cyprus Tourism Awards. Melco Resorts was named as “Industry Mover” in the Casinos & Gaming sector in the S&P Global Sustainability Yearbook 2025, a respected resource for assessing corporate sustainability performance.
