GALAXY ENT (00027) net profit for the first quarter was 12.4 billion Hong Kong dollars, up 11% year-on-year.

GALAXY ENT (00027) announced in the first quarter of 2026, the group recorded a net profit of HK$12.4 billion, an increase of 11% year-on-year, but a decrease of 10% quarter-on-quarter. Adjusted EBITDA was HK$3.6 billion, an increase of 8% year-on-year, but a decrease of 17% quarter-on-quarter. The fluctuation in performance in the quarter was affected by luck factors. In the fourth quarter of 2025, the group's adjusted EBITDA was HK$4.3 billion, which included an increase of approximately HK$730 million due to the high net win rate; however, in the first quarter, it decreased by approximately HK$2 million due to a low net win rate. Excluding the win rate factors, the adjusted EBITDA remained flat compared to the previous quarter. The business performance during the Lunar New Year period was robust and similar to last year, with continued strength in business performance after the holidays. The balance sheet of Galaxy remains healthy and highly liquid, with cash and liquid investments totaling HK$39.2 billion. This financial strength enables us to invest in future development, explore overseas opportunities, and return capital to shareholders through dividends. The final dividend of HK$0.80 per share, as recommended by the Galaxy Board of Directors, will be paid in June 2026, reflecting the group's continued confidence in the longer-term prospects of Macau as a whole, and particularly in Galaxy.