Genting Singapore Limited

Name: Genting Singapore Limited financial statements and ratios
Creator: Annalist

G13 · SGX · Consumer discretionary, integrated resorts · Singapore · IFRS · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 24 February 2026. Snapshot FY2025_2efcb025.

Compare with peers Buyout model Excel JSON

Overview

Revenue, fiscal year

−3.1% year on year

Operating profit, fiscal year

−30.3% year on year

Net income, fiscal year

n/a

Diluted EPS, fiscal year

n/a

Operating margin, fiscal year

−8.1pp year on year

Return on invested capital, fiscal year

n/a

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was S$2.5 billion, 3.1% lower than in the previous fiscal year.
Newin FY2025 · first stated
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewRevenue for the fiscal year ended 31 December 2025 was S$2.5 billion, 3.1% lower than in the previous fiscal year.Recorded from FY2025_2efcb025 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_2efcb025 · data update
3. FY2024 NewRevenue for the fiscal year ended 31 December 2024 was S$2.5 billion, 4.6% higher than in the previous fiscal year.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was S$2.4 billion.Reconstructed · initial
The operating margin for fiscal 2025 was 20.7%, 8.1 percentage points lower than a year earlier.
Strengthenedin FY2025 · stated since FY2024
Rule: Operating margin against a year earlier · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 StrengthenedThe operating margin for fiscal 2025 was 20.7%, 8.1 percentage points lower than a year earlier.Recorded from FY2025_2efcb025 · data update
2. FY2024 NewThe operating margin for fiscal 2024 was 28.7%, 3.3 percentage points lower than a year earlier.Reconstructed · data update
3. FY2024 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
4. FY2023 NewThe operating margin for fiscal 2023 was 32.0%.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents2 documents, latest Annual report for the year to 31 December 2025List

DownloadsExcel workbook · JSON

SnapshotFY2025_2efcb025

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, Singapore dollars

Operating Profit

By fiscal year, Singapore dollars

Margins

By fiscal year, per cent

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

The statements are loading. They are also available as JSON and CSV.

Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

The ratios are loading.

Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes0thresholds crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

These ratios have no value for the figures of this company.

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

These ratios have no value for the figures of this company.

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityAccruals and the cash backing of reported earnings.

Accruals and the cash backing of reported earnings.

These ratios have no value for the figures of this company.

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 12.05 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 12.05, above the safe threshold of 2.60.
Interpretation. By this model, the balance sheet and earnings look like those of companies that did not go bankrupt in its original study: above 2.60 means safe, below 1.10 distress.
Weakenedin FY2025 · stated since FY202312.05 from 13.09 in FY2024
Rule: Altman Z'' zone · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedThe Altman Z'' score for fiscal 2025 was 12.05, above the safe threshold of 2.60.Recorded from FY2025_2efcb025 · data update
2. FY2024 StrengthenedThe Altman Z'' score for fiscal 2024 was 13.09, above the safe threshold of 2.60.Reconstructed · data update
3. FY2023 NewThe Altman Z'' score for fiscal 2023 was 12.82, above the safe threshold of 2.60.Reconstructed · initial

By Fiscal Year

Ratio	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	safe zone	safe zone	safe zone

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

Grey zone, 1.10 to 2.60

12.05Safe zone, above 2.60

The score of 12.05 is in the safe zone of the model, above 2.60. The largest part is equity against liabilities, at 8.79.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.296	6.560	1.941
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.290	3.260	0.946
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.055	6.720	0.371
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	8.370	1.050	8.788
Score			12.046

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Source Documents

Documents of this snapshot, latest first. A report that states no date of publication carries the date on which its board approved the statements.

Document	Date	Id	SHA-256
Annual report for the year to 31 December 2025	24 Feb 2026, the date on which the board approved the statements	AR:genting-singapore-2025-12-31	70c86d984708
Annual report for the year to 31 December 2024	20 Feb 2025, the date on which the board approved the statements	AR:genting-singapore-2024-12-31	ffa12ef3e416

Checks

9898 checks, all passed

Statement arithmetic64 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Fiscal calendar5 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity3 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Agreement between annual reports24 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	78
Confirmed by other figures	41.0%, 32 values
Confirmed by a second document	30.8%, 24 values
Derived from reported figures	7.7%, 6 values
Values withheld	0
Restated figures tracked	0
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Genting Singapore Limited, snapshot genting-singapore/FY2025_2efcb025 (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_2efcb025 · dataset SHA-256 2efcb0251d17f3bde3bbbcb7540ab49b75d996ba5b264c7a8acd2b0639a9820f · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json