Link: https://links.sgx.com/1.0.0/corporate-announcements/WAWNWT3WII43RRC8/44af32d809d54f3160c9507515eaec3de9f428cfaa47a7c1bb635b9693034a9f

Summary:

• Total operating revenues in Q2 2025 reached US$190.1 million, up from US$161.5 million in Q2 2024, driven mainly by improved mass market gaming and higher non-gaming income.

• Net loss attributable to Studio City Finance Ltd. narrowed sharply to US$4.4 million in Q2 2025, from US$36.8 million a year ago, mainly due to better casino contract performance and increased non-gaming revenue, partially offset by higher operating costs.

• For the first six months of 2025, operating revenue was US$351.8 million (up US$40.1 million year-on-year) with a net loss reduced to US$22.1 million from US$53.1 million in the same period of 2024.

• Casino gaming operations focused on mass market: Q2 2025 gross gaming revenue US$359.6 million (Q2 2024: US$339.3 million), mass market table games drop was US$958.2 million with a hold percentage improved to 34.0% vs. 30.1% a year ago.

• Gaming machine handle rose to US$916.1 million, with win rate at 3.7% (Q2 2024: US$842.4 million, win rate 3.3%).

• Non-gaming revenues (hotels, F&B, entertainment, mall) reached US$106.3 million (Q2 2024: US$99.4 million).

• As of June 30, 2025: cash and cash equivalents were US$161.8 million, with significant credit facilities available for drawdown; gross indebtedness stood at about US$2.17 billion.

• In July 2025, company fully repaid all remaining 2025 Notes at maturity using proceeds from new credit lines.

• No cash was used in financing activities during Q2 and H1 2025, compared to significant debt repayment in 2024.

• Studio City Casino continues to focus on premium mass and mass markets, having exited VIP rolling chip operations since late 2024.

• The resort maintains a broad mix of non-gaming attractions and strategic Cotai Light Rail access, supporting its revenue diversification and positioning in the Macau market.