MELCO INT'L DEV (00200.HK): Listed Subsidiary Melco Resorts Posts Q2 Total Operating Revenues of USD 1.25 Billion, Adjusted Property EBITDA of USD 303.8 Million
NewTimeSpace News: On 13 August 2026, Melco International Development Limited (stock code: 00200) published an announcement reporting the unaudited financial results for the second quarter ended 30 June 2026 of its listed subsidiary, Melco Resorts & Entertainment Limited (whose American Depositary Shares are listed on the Nasdaq Global Select Market).
According to the results, Melco Resorts' total operating revenues for the second quarter of 2026 were USD 1,250,000,000, a decrease of approximately 6% from USD 1,330,000,000 in the same period of 2025, primarily attributable to slower performance in VIP and mass market table games as well as overall non-gaming operations. Operating income for the period was USD 127,800,000 (compared with USD 124,700,000 in Q2 2025); adjusted property EBITDA was USD 303,800,000 (compared with USD 377,700,000 in Q2 2025). Net income attributable to Melco Resorts was USD 22,700,000, or USD 0.06 per ADS (compared with USD 17,200,000, or USD 0.04 per ADS, in Q2 2025).
In respect of financial position, as of 30 June 2026, Melco Resorts' total cash and bank balances amounted to USD 1,040,000,000 (including restricted cash of USD 124,300,000), total debt (net of unamortised deferred financing costs and original issue premium) was USD 7,050,000,000, and available liquidity (including cash and undrawn revolving credit facilities) was approximately USD 2,800,000,000. Capital expenditure for the period was USD 123,900,000, mainly comprising costs related to upgrade projects at Melco Resorts Macau's City of Dreams and City of Dreams Mediterranean and others.
Several financing arrangements were also made during the period: on 15 May 2026, Studio City Company Limited (SCC) issued USD 300,000,000 aggregate principal amount of 6.125% senior secured notes due 2031, with the proceeds used to refinance USD 350,000,000 of 7.000% senior secured notes due 2027; on 9 June 2026, Melco Resorts announced the extension of the maturity of the MN1 2020 Revolving Facility from April 2027 to June 2031 and the establishment of an incremental facility of HKD 6,440,000,000 (equivalent to USD 821,000,000), increasing the total commitments under the facility to HKD 21,680,000,000 (equivalent to USD 2,760,000,000). In respect of share repurchases, during the period from 1 April to 12 August 2026, Melco Resorts repurchased approximately 22,400,000 ADSs (equivalent to approximately 67,100,000 ordinary shares) on the open market at a total purchase price of approximately USD 120,600,000; as of 12 August 2026, it remained entitled to repurchase up to approximately USD 589,600,000 of its own shares.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
