RGB International Bhd recorded a sharp contraction in earnings for the first half of 2025, with both revenue and profit falling significantly year-on-year, the company said in its filing to Bursa Malaysia.
For the six months ended June 30th, 2025, the Malaysian casino equipment supplier and distributor posted revenue of MYR168.5 million ($36.6 million), representing a 46 percent decline from MYR309.7 million ($67.3 million) in the same period last year. Profit attributable to owners of the company fell 36 percent to MYR26.4 million ($5.7 million) compared with MYR41 million ($8.9 million) a year earlier.
Operating profit slipped 39 percent to MYR26.2 million ($5.7 million), while profit before tax dropped 37 percent to MYR28.9 million ($6.3 million). The group’s gross profit narrowed 29 percent year-on-year to MYR49.2 million ($10.7 million).
Segmentally, revenue from the Sales and Marketing (SSM) division, its largest business unit, dropped 47 percent year-on-year to MYR128.1 million ($27.8 million), primarily due to lower product sales in the first quarter. The Technical Support and Management (TSM) segment posted a 39 percent revenue decline to MYR38.9 million ($8.4 million), reflecting weaker performance at key outlets affected by adverse weather conditions, high jackpot payouts, and the temporary closure of several venues in Cambodia’s Poipet region since June.
In the second quarter alone, revenue was MYR94.9 million ($20.6 million), down 5 percent from MYR99.6 million ($21.6 million) in the same period last year. Profit attributable to owners fell 26 percent year-on-year to MYR14.0 million ($3 million) from MYR18.9 million ($4.1 million). Profit before tax dropped 21 percent to MYR16.1 million ($3.5 million).
Despite the weaker results, RGB said it remains confident about its longer-term growth trajectory. In its outlook statement, the company highlighted favourable market conditions in Southeast Asia, particularly in the Philippines, where the state regulator PAGCOR expects gross gaming revenue to reach a record PHP450 billion ($7.9 billion) in 2025. RGB also pointed to its expanding footprint in Cambodia, noting its established role as a key slot machine distributor and a major participant in the machine concession business.
‘Barring unforeseen circumstances, the Group expects to achieve a satisfactory performance in 2025,’ the company said.
