MGM China Holdings Limited (HKG:2282)

Hong Kong · Delayed Price · Currency is HKD

10.13

-0.03 (-0.30%)

Aug 26, 2026, 4:08 PM HKT

MGM China Holdings Financials Overview

Financials in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	35,518	34,787	31,387	24,684	5,269	9,411
Revenue Growth	2.10%	10.83%	27.16%	368.52%	-44.02%	84.67%
Gross Profit	28,212	27,844	25,249	19,665	1,651	5,561
Operating Income	6,099	6,758	6,211	4,569	-3,657	-2,329
Net Income	4,592	5,075	4,603	2,638	-5,232	-3,847
Earnings Per Share	1.20	1.33	1.21	0.69	-1.38	-1.01
EPS Growth	-9.46%	10.20%	74.28%	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	4,030	4,397	5,315	4,232	6,707	3,112
Total Debt	18,184	19,169	23,193	24,298	32,917	24,145
Net Cash (Debt)	-14,154	-14,772	-17,877	-20,066	-26,210	-21,033
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.71	-3.87	-4.68	-5.26	-6.90	-5.53

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	7,934	8,738	8,266	8,268	-2,114	-449.61
Capital Expenditures	-1,298	-1,566	-1,199	-354.65	-245.87	-527.72
Free Cash Flow	6,636	7,171	7,066	7,913	-2,360	-977.32
Free Cash Flow Growth	-7.46%	1.48%	-10.70%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	79.43%	80.04%	80.44%	79.67%	31.33%	59.09%
Operating Margin	17.17%	19.43%	19.79%	18.51%	-69.41%	-24.75%
Pretax Margin	13.12%	14.78%	14.86%	10.88%	-99.01%	-40.68%
Profit Margin	12.93%	14.59%	14.67%	10.69%	-99.30%	-40.87%
FCF Margin	18.68%	20.61%	22.51%	32.06%	-44.79%	-10.38%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Aug '26 Aug 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.706	0.666	0.251	0.243
Dividend Per Share Growth	6.91%	165.34%	3.29%	-
Dividend Yield	6.88%	5.38%	2.79%	2.88%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	8.42	9.82	8.21	14.27	-	-
Forward PE	8.23	9.28	8.18	11.91	290.56	290.56
P/FCF Ratio	5.80	6.95	5.35	4.76	-	-
PS Ratio	1.08	1.43	1.20	1.53	6.20	1.91