In a strategic move that aligns with its recently enhanced dividend policy, MGM China has declared an interim dividend of HK$0.313 per share for the first half of 2025. This amounts to a substantial HK$1.19 billion (approximately US$152 million) in payouts, representing about 49.9% of its profit attributable to owners—just a hair’s breadth under its new 50% regular dividend policy target.

This updated dividend approach marks a significant shift from the previous policy, which capped regular dividends at 35%, signaling a renewed confidence in the company’s free cash flow capabilities 

Financial Highlights & Market Context

Despite the dip in net profit, MGM China showcased resilience across key metrics:

• Profit attributable to owners: HK$2.38 billion (US$304 million), down 11.3% year-over-year due to higher operating costs and net foreign currency losses related to USD-denominated senior notes

• Operating revenue: A record HK$16.7 billion (US$2.13 billion) in 1H 2025, up 2.7% from the previous year; this included HK$14.6 billion (US$1.86 billion) in casino revenue

• Adjusted EBITDA: Solid at HK$4.88 billion (US$622 million)—almost flat compared to 1H 2024

• Macau gaming market share: Slightly adjusted to 16.2%, down from 16.5% in H1 2024 and 15.8% at the end of 2024

Payout Timing & Shareholder Details:

• Ex-dividend date: 20 August 2025

• Record date: 22 August 2025

• Payment date: 3 September 2025