SJM Holdings (00880) fell more than 3%. As of the time of writing, it dropped 3.45%, trading at HKD 2.24, with a turnover of HKD 21.5862 million.
According to Zhitong Finance APP, SJM Holdings (00880) fell more than 3%. As of the time of writing, it dropped 3.45%, trading at HKD 2.24, with a turnover of HKD 21.5862 million.
In terms of recent developments, SJM Holdings released its annual financial results for the year ended December 31, 2025. The group reported gaming net revenue of HKD 26.203 billion, a year-on-year decrease of 2.4%; total net revenue of HKD 28.17 billion, down 2.08% year-on-year; adjusted EBITDA of HKD 3.198 billion, a year-on-year decline of 15.04%; attributable loss to owners of the company amounted to HKD 429 million, turning from profit to loss year-on-year; basic loss per share was 6.04 Hong Kong cents.
Goldman Sachs issued a research report stating that it had previously anticipated that SJM Holdings’ performance in Q4 2025 could significantly decline, reflecting operational disruptions and gross gaming revenue losses due to the closure of satellite casinos, additional costs associated with taking over approximately 3,000 employees, and continued volatility in the performance of Grand Lisboa Palace Integrated Resort. Based on its financial results, Goldman Sachs has lowered its EBITDA forecasts for SJM in fiscal years 2026 and 2027 by 1%.
