(AsiaGameHub) – During the fiscal year ending 2025, NagaCorp Ltd achieved outstanding financial outcomes. The company‘s net profit soared to US$309.9 million when compared to a net profit of US$109.6 million in the fiscal year ending December 31, 2024. A major factor behind this profit growth was the absence of a non–cash impairment charge of US$89.1 million related to the firm‘s suspended Vladivostok project.
Group revenue rose 26.2% year-over-year to US$709.7 million, while EBITDA jumped to US$404.4 million from US$202.8 million. Profitability metrics showed EBITDA margins reaching 57.0% and net profit margins climbing to 43.7%.
NagaCorp will distribute an interim dividend of US$0.0109 per share, totaling US$48.3 million, which falls within the company’s 30% dividend policy for the second half of the year. This action reflects NagaCorp’s confidence in delivering returns to shareholders as it continues investing in growth and expansion projects, such as the proposed Naga 3 development, despite prior adjustments to its planned funding strategy.
NagaWorld’s gross revenue increased by 27.4% to US$691.6 million in 2025. Mass-market table game revenues grew 27.2% to US$342.4 million, and electronic gaming machine revenues rose 13.5% to US$142.6 million. The growth in gross gaming revenue was attributed to a larger number of players and improved player win rates. The introduction of side bet features boosted NagaWorld’s gross gaming revenue, contributing approximately US$39 million in additional gross gaming revenue during 2025.
Moreover, premium segments demonstrated strong momentum. High-limit mass gaming expanded its share of total mass table gaming revenue. NagaCorp’s VIP operations saw robust growth, with house-managed VIP revenues increasing from US$103.1 million in 2024 to US$136.2 million in 2025, marking a 32.1% rise. This growth in house-managed VIP revenues was primarily driven by higher rolling volumes among VIP players. Total referral VIP revenues surged 57.2% to US$70.4 million.
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