Bloomberry Resorts Company, the Philippine operator behind Solaire Resort Leisure Metropolis and Solaire Resort North, posted a web lack of Php125 million within the first quarter of 2026, reversing a Php3.3 billion revenue in the identical interval final 12 months. The decline primarily displays subdued efficiency in high-stakes VIP and premium mass gaming at its flagship Leisure Metropolis property, in addition to the absence of final 12 months’s one-off good points from refinancing.
Chairman and CEO Enrique Okay. Razon Jr. famous, “The primary three months of 2026 mirrored continued softness within the VIP and Premium Mass segments, notably in Leisure Metropolis. We reported a web lack of Php125 million, which was meaningfully decrease than quarterly losses reported within the earlier three intervals.” He highlighted that prior debt refinancing contributed Php358 million in curiosity financial savings, softening the general impression on the underside line. Moreover, the sale of Bloomberry’s Jeju Solar property in South Korea generated Php403 million in good points, partially offsetting operational losses.
Efficiency at Solaire Resort Leisure Metropolis
Solaire Resort Leisure Metropolis (SEC) noticed its gross gaming income (GGR) decline 18 % year-on-year to Php10 billion, impacted throughout all gaming classes. VIP rolling chip quantity dropped 39 % to Php53.2 billion, with VIP GGR falling 29 % to Php2.0 billion. Mass desk gaming income decreased 21 % to Php3.9 billion, whereas digital gaming machine (EGM) coin-in fell 22 % to Php68.9 billion, producing a GGR decline of 8 % to Php4.1 billion. Non-gaming income elevated barely to Php2.0 billion, up 3 % from the prior 12 months. EBITDA for SEC was reported at Php1.9 billion, down 44 % from Php3.4 billion in Q1 2025.
Solaire Resort North (SN) in Quezon Metropolis posted a 1 % enhance in GGR to Php4.7 billion regardless of a pointy drop in VIP gaming income, which plunged 84 % to Php77.5 million as a result of a low maintain fee of 1.54 %. Mass desk GGR was secure at Php2.0 billion, whereas EGM GGR rose 20 % to Php2.6 billion. Non-gaming income elevated 19 % to Php1.1 billion, contributing to an EBITDA achieve of 9 %, which rose to Php1.2 billion in comparison with Php1.1 billion within the prior 12 months.
Monetary Overview and Bills
Throughout the group, consolidated GGR fell 13 % year-on-year to Php14.7 billion, with consolidated web income dropping 9 % to Php13.1 billion. Money working bills totaled Php10.1 billion, barely greater than final 12 months, pushed by elevated spending on promotions and exterior companies, although sequentially bills declined 12 %. Consolidated EBITDA fell 32 % to Php3.0 billion. Bloomberry’s fundamental earnings per share mirrored a lack of Php0.012, a reversal from a achieve of Php0.315 in Q1 2025.
The corporate maintains a consolidated money steadiness of Php31.6 billion and complete long-term debt of Php105.1 billion, reflecting the mixed balances of its syndicated refinancing services. Internet receivables rose to Php1.5 billion, overlaying almost all excellent quantities over 90 days.
Razon emphasised the significance of price self-discipline amid international uncertainty within the firm’s press launch, notably geopolitical volatility within the Center East affecting operational prices. Bloomberry stays centered on optimizing its operations and enhancing effectivity whereas navigating the softer VIP and premium mass gaming surroundings. The Jeju Solar exit permits the corporate to streamline its portfolio, specializing in high-performing Philippine properties and on-line gaming platforms.
