Macau gaming operator Sands China announced on Friday an interim dividend of HK$0.25 ($0.032) per share for the first half of 2025, despite recording a 23.7 percent decline in net profit during the period.
The Hong Kong-listed company said the interim dividend, totaling HK$2.02 billion ($258 million), will be paid on September 12th, 2025.
The dividend declaration comes as Sands China reported net profit of $413 million for the six months ended June 30th, 2025, down from $541 million in the same period last year. Net revenues also declined 1.7 percent year-on-year to $3.49 billion.
Casino revenues across the group’s properties fell three percent to $2.62 billion in the first half. The company attributed the decrease primarily to reduced casino revenue at The Venetian Macao, The Parisian Macao and Sands Macao ‘due to the competitive nature of the Macau gaming market.’ However, this was partially offset by increased revenue at The Londoner Macao, where the Londoner Grand became fully operational during the second quarter.
The company’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped 5.9 percent to $1.10 billion compared to the prior year period.
Despite the financial headwinds, Sands China maintained its dividend payment to shareholders. The interim dividend represents approximately $0.032 per share and will be distributed to shareholders whose names appear on the company’s register of members on September 1st, 2025.
Sands China operates a portfolio of integrated resorts in Macau, including The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao. Despite the earnings contraction, the company highlighted its ongoing commitment to shareholder returns with the interim dividend announcement.
