Genting Malaysia Berhad reported revenue declines in all of its business segments in Q1, but noted an EBITDA increase of 13 per cent.
Overall revenue for the hotel and casino operator fell six per cent to MYR2.6bn (£453.3m).
Revenue in Malaysia and the UK and Egypt both fell seven per cent to MYR1.6bn (£283.3m) and MYR413.4m (£72.2m), respectively.
In the US and the Bahamas, revenue fell three per cent to MYR501.3m (£87.5m).
Genting said the decline in Malaysia reflects industry trends across the region, particularly in the premium player segment.
The company put its UK and Egypt and US and Bahamas revenue decline down to the Malaysian Ringgit strengthening against the pound and the US dollar.
It said in local currency, underlying performance in the UK and Egypt “remained steady” compared with Q1 2024, with stronger hold percentage offset by lower business volumes due to the timing of the festive season.
In the US and the Bahamas, revenue rose three per cent in local currency terms.
However, in both regions, EBITDA fell 25 per cent to MYR55.5m (£9.7m) and by 22 per cent to MYR119m (£20.8m), respectively.
Genting did note, though, its 59 per cent jump in profit before tax to MYR184m (£32.1m), with net profit also rising by 42 per cent to MYR52m (£9.1m).
Overall adjusted EBITDA rose 13 per cent to MYR737.2m (£128.7m).
