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KUALA LUMPUR — Genting Berhad reported a significant rebound in its first-quarter earnings for fiscal year 2026, with net profit rising to RM217 million, underscoring the resilience of its diversified portfolio amid global economic uncertainties.
The group’s revenue climbed modestly to RM6.66 billion, compared with RM6.51 billion in the same period last year.
The improvement was driven by stronger contributions from Resorts World Sentosa (RWS) in Singapore, its plantation segment, and steady output from its power division in Indonesia.
Resorts World Sentosa posted RM1.88 billion in revenue, buoyed by higher visitation to Universal Studios Singapore and the newly opened Singapore Oceanarium.
Plantation operations benefited from stronger downstream manufacturing and higher palm oil sales.
Power division recorded improved results thanks to uninterrupted generation at the Banten Plant in Indonesia, contrasting with last year’s outage.
Strategic Drivers
Genting’s performance highlights the importance of diversification beyond gaming.
While its casino operations remain a core revenue stream, non-gaming businesses such as plantations and energy provided a crucial buffer against cyclical tourism demand.
The recovery in regional tourism also played a pivotal role. Rising visitor numbers in Singapore reflect Southeast Asia’s gradual rebound, even as global travel remains pressured by inflation and geopolitical risks.
Despite the strong quarter, Genting struck a cautious tone in its outlook.
The company warned that geopolitical tensions in West Asia, coupled with macroeconomic uncertainties, could weigh on performance in the coming months.
Malaysia’s domestic market is expected to moderate due to inflationary pressures and weaker outbound travel.
Tourism costs remain elevated, potentially dampening cross-border demand for leisure and hospitality services.
Genting’s Q1 FY2026 results reflect a company adept at navigating volatility through strategic diversification.
The rebound in net profit to RM217 million signals resilience, yet the cautious guidance underscores the fragility of recovery in Southeast Asia’s leisure and hospitality sector.
