Wynn Macau profit plunges 85.5% amid revenue drop, rising debt

For the six months ended 30 June 2025, Wynn Macau Limited reported a net profit attributable to owners of HK$230,620 thousand, an 85.5% decrease from HK$1,592,122 thousand in the same period of 2024. Total operating revenues fell by 7.5% to HK$13,626,405 thousand, primarily due to lower VIP table games win as a percentage of turnover and reduced mass market table games win.

Despite the overall revenue decline, Wynn Palace saw an increase in VIP table games turnover by 19.5% to HK$62,916,868 thousand. However, VIP table games win as a percentage of turnover dropped from 3.64% to 2.74%. Mass market table games win also declined by 1.9% to HK$6,494,996 thousand.

The company declared an interim dividend of HK$0.185 per share for the six months ended 30 June 2025, matching the final dividend paid for 2024. Total interest-bearing borrowings increased to HK$45,439,412 thousand as of 30 June 2025, up from HK$44,838,547 thousand at 31 December 2024, leading to a gearing ratio of 151.2%.