Jinwu Financial News | $SJM HOLDINGS (00880.HK)$ According to the announcement, for the fiscal year ended December 31, 2025, the loss attributable to owners of the company amounted to HKD 429 million, compared to a profit of HKD 3 million in the previous year, marking a shift from profit to loss. The basic loss per share was 6.04 Hong Kong cents. No final dividend will be distributed.
During the period, revenue from gaming, hotel, catering, retail, leasing, and related services totaled HKD 28.17 billion, representing a year-on-year decrease of 2.08%. Gaming net revenue reached HKD 26.203 billion, reflecting a year-on-year decline of 2.4%.
SJM Resorts accounted for 11.9% of Macau's gross gaming revenue, including 15.1% of mass-market table gaming gross revenue and 3.6% of VIP gaming gross revenue.
The gross revenue of Grand Lisboa Palace Integrated Resort was HKD 7.373 billion, comprising HKD 6.066 billion in gaming gross revenue and HKD 1.307 billion in non-gaming revenue, compared to HKD 5.238 billion in gaming gross revenue and HKD 1.342 billion in non-gaming revenue in 2024. The adjusted property EBITDA of Grand Lisboa Palace Integrated Resort was HKD 165 million, compared to HKD 499 million in 2024.
The gross revenue of Grand Lisboa was HKD 7.697 billion, including HKD 7.332 billion in gaming gross revenue and HKD 365 million in non-gaming revenue, compared to HKD 7.548 billion in gaming gross revenue and HKD 291 million in non-gaming revenue in 2024. The adjusted property EBITDA of Grand Lisboa was HKD 1.758 billion, compared to HKD 2.094 billion in 2024.
The occupancy rate at the Grand Lisboa Palace integrated resort declined by 0.5% year-on-year to 96.5%, while the average room rate increased by 4.1% to HKD 1,240. The occupancy rate at the New Lisboa Hotel decreased by 0.5% year-on-year to 98.2%, with the average room rate rising by 13.8% to HKD 1,395.
