Melco Resorts & Entertainment Limited reported unaudited financial results for the fourth quarter and full year ended December 31, 2025, with Q4 total operating revenues increasing to US$1.29 billion and Net Income attributable to the Company of US$60.6 million, compared to a net loss in the prior year period. The Company also reported full year 2025 Adjusted Property EBITDA of US$1.43 billion and provided updates on debt repayments and operational repositioning.
Key takeaways
Q4 2025 Total Operating Revenues were US$1.29 billion, an increase from US$1.19 billion in Q4 2024.
Net income attributable to Melco Resorts & Entertainment Limited for Q4 2025 was US$60.6 million, or US$0.16 per ADS, compared to a net loss of US$20.3 million in Q4 2024.
Q4 2025 Adjusted Property EBITDA was US$331.3 million, up from US$295.2 million in the comparable 2024 period.
Full Year 2025 Adjusted Property EBITDA was US$1.43 billion, compared with US$1.22 billion in 2024.
Total debt as of December 31, 2025 was US$6.75 billion, with total cash and bank balances of US$1.15 billion.
Mocha Grand Dragon Hotel and Mocha Hotel Royal ceased operations during Q4 2025, with gaming machines re-allocated to other properties.