Paradise Entertainment posts strong profit growth, raises interim dividend

Paradise Entertainment Limited announced its interim results for the six months ended June 30, 2025, with total revenue rising by 19.4% to HK$507.9 million from HK$425.3 million in the prior year. Profit for the period surged by 48.9% to HK$177.8 million, up from HK$119.4 million. This growth was primarily driven by increased revenue from casino management services and electronic gaming equipment sales in Macau, with the casino management segment contributing HK$382.6 million and gaming systems HK$125.0 million.

The board declared an interim dividend of HK$0.075 per share, an increase from HK$0.050 per share in 2024, amounting to HK$78.9 million. This dividend will be payable on October 15, 2025, to shareholders on record as of September 19, 2025. Despite the positive results, the Group expects a material reduction in revenue and profit post-December 31, 2025, as its casino management service agreement for Casino Kam Pek Paradise will not be renewed.

Adjusted EBITDA for the period also saw a substantial increase of 43.4% to HK$211.8 million. The company's total assets less current liabilities stood at HK$695,224,000 as of June 30, 2025, with net current assets of HK$411,870,000. Capital commitments for property, plant, and equipment were HK$840,000, significantly lower than the HK$7,812,000 reported in 2024.