Sands China reports Q3 2025 revenue and net income growth

Sands China Ltd. reported a 7.5% increase in total net revenues to $1.90 bn for the third quarter ended September 30, 2025, compared to the same period in 2024. Net income for SCL rose to $272m in Q3 2025, up from $268m in Q3 2024. Adjusted property EBITDA for SCL reached $601m, an increase from $585m in the prior year's quarter.

During Q3 2025 and through October 10, 2025, Las Vegas Sands Corp. (LVS) purchased $337m of SCL common stock, increasing its ownership percentage to 74.76%. Capital expenditures for the quarter totaled $229m, with $99m allocated to construction, development, and maintenance activities in Macao.

The Venetian Macao's net revenues remained flat at $692m, while Adjusted Property EBITDA decreased by $25m to $242m. The Londoner Macao saw net revenues increase by $226m to $686m, and Adjusted Property EBITDA grew by $95m to $219m. The Parisian Macao experienced a decrease in net revenues by $32m to $218m and Adjusted Property EBITDA decreased by $21m to $53m. The Plaza Macao's net revenues fell by $51m to $206m, and Adjusted Property EBITDA decreased by $28m to $74m. Sands Macao reported a decrease in net revenues of $9m to $72m, and Adjusted Property EBITDA decreased by $6m to $8m.