MGM China Holdings Income Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 Revenue	34,787	31,387	24,684	5,269	8,223
Other Revenue	-	-	-	-	1,188
Revenue	34,787	31,387	24,684	5,269	9,411
Revenue Growth (YoY)	10.83%	27.16%	368.52%	-44.02%	84.67%
Cost of Revenue	6,944	6,138	5,019	3,618	3,850
Gross Profit	27,844	25,249	19,665	1,651	5,561
Selling, General & Admin	1,764	1,694	1,040	220.5	390.97
Other Operating Expenses	17,001	15,439	12,131	3,003	5,216
Operating Expenses	21,086	19,038	15,097	5,307	7,890
Operating Income	6,758	6,211	4,569	-3,657	-2,329
Interest Expense	-1,379	-1,530	-1,845	-1,635	-1,363
Interest & Investment Income	53.64	75.2	83.02	71.71	4.79
Currency Exchange Gain (Loss)	-95.57	88.83	-31.95	-13.07	-100.65
Other Non Operating Income (Expenses)	-146.93	-127.01	-68.96	-30.19	-20.98
EBT Excluding Unusual Items	5,190	4,718	2,706	-5,263	-3,808
Gain (Loss) on Sale of Assets	-48.86	-54.79	-21.37	-13.36	-19.54
Legal Settlements	-	-	-	60.6	-
Pretax Income	5,141	4,664	2,685	-5,216	-3,828
Income Tax Expense	66.47	60.12	46.74	15.74	18.62
Net Income	5,075	4,603	2,638	-5,232	-3,847
Net Income to Common	5,075	4,603	2,638	-5,232	-3,847
Net Income Growth	10.24%	74.48%	-	-	-
Shares Outstanding (Basic)	3,801	3,801	3,800	3,800	3,801
Shares Outstanding (Diluted)	3,818	3,818	3,813	3,800	3,801
Shares Change (YoY)	-0.01%	0.14%	0.34%	-0.01%	0.01%
EPS (Basic)	1.34	1.21	0.69	-1.38	-1.01
EPS (Diluted)	1.33	1.21	0.69	-1.38	-1.01
EPS Growth	10.20%	74.28%	-	-	-
Free Cash Flow	7,171	7,066	7,913	-2,360	-977.32
Free Cash Flow Per Share	1.88	1.85	2.08	-0.62	-0.26
Dividend Per Share	0.666	0.251	0.243	-	-
Dividend Growth	165.34%	3.29%	-	-	-
Gross Margin	80.04%	80.44%	79.67%	31.33%	59.09%
Operating Margin	19.43%	19.79%	18.51%	-69.41%	-24.75%
Profit Margin	14.59%	14.67%	10.69%	-99.30%	-40.87%
Free Cash Flow Margin	20.61%	22.51%	32.06%	-44.79%	-10.38%
EBITDA	8,763	7,987	6,393	-1,689	-242.07
EBITDA Margin	25.19%	25.45%	25.90%	-32.05%	-2.57%
D&A For EBITDA	2,004	1,776	1,825	1,968	2,087
EBIT	6,758	6,211	4,569	-3,657	-2,329
EBIT Margin	19.43%	19.79%	18.51%	-69.41%	-24.75%
Effective Tax Rate	1.29%	1.29%	1.74%	-	-
Revenue as Reported	-	-	-	-	9,411
Advertising Expenses	1,764	1,694	1,040	220.5	390.97

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.