Melco Resorts Q4 EBITDA Up 17% to $1.4B; Liquidity $2.4B after $400M Debt Repayment
Melco Resorts’ group property EBITDA rose 17% to $1.4 billion in Q4 2025, driven by 25% Macau growth and a 78% Cyprus EBITDA surge, as liquidity reached $2.4 billion after repaying $400 million of debt. Management expects 2026 growth with the Countdown Hotel opening and Macau market share gains despite competition.
1. Q4 Financial Results
Melco Resorts reported group property EBITDA of $1.4 billion in Q4 2025, a 17% increase over the prior year, reflecting solid gaming and non-gaming revenue across its portfolio.
2. Regional Performance Drivers
Macau operations saw revenue growth of 25%, while the Cyprus segment delivered a 78% EBITDA increase. The Philippines business encountered operational headwinds, weighing on overall segment performance.
3. Balance Sheet Strength
The company ended the quarter with $2.4 billion in liquidity after using $400 million in cash to reduce outstanding debt, reinforcing financial flexibility.
4. 2026 Growth Outlook
Management outlined plans to open the Countdown Hotel in 2026 and pursue market share expansion in Macau, acknowledging heightened competitive intensity in the region.