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銀 娛 GEG 星際 酒店 GALAXY 澳門 百老匯 Star World Hotel MACAU 澳門 銀河 BROADWAY MACAU GALAXY GALAXY ARENA 銀河 綜藝 館 INTERNATIONAL CONVENTION CENTER 銀河 國際 會議 中心 Q2 & Interim Results 2026 12 August , 2026
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2August 2026 Mr. Francis Lui Yiu Tung , Chairman of GEG said: “Today,I am pleasedto reportthe solidperformanceachievedby GEG and the broaderMacaumarketduringthe secondquarterand firsthalf of 2026. Despiteexternalmacroeconomicheadwinds,includinggeopoliticaltensionsin the MiddleEast,Macauremainedresilientduringthe quarter,underpinnedby robustvisitation,healthyhoteloccupancyandsustaineddemandacrossbothgamingandnon-gamingofferings. Tourismtrendsin Q2 remainedencouraging.Macau’scumulativevisitorarrivalssurpassed20 millionon 20 June 2026,reachingthis milestone18 days earlierthanin theprioryear. Macaualsorecordeditshighesteversingle-dayvisitationof 248,000on 2 May,theseconddayof theLabourDayGoldenWeek. Duringthe 5-dayholidayperiod,Macauwelcomedapproximately873,000visitors. Totalvisitorarrivalsin Q2 were9.7 million,up 4% year-on-yearanddown 13%quarter-on-quarter. In thefirsthalfof 2026,totalvisitorarrivalsreached20.9 million,up9% year-on-year. Againstthisoperatingbackdrop,Macau’sGrossGamingRevenue(GGR)was flatyear-on-yearand was down7% quarter-on-quarterto $59.2 billionin Q2 2026.Marketperformancecontinuedto benefitfromsolidtourismdemandand supportivetravelfacilitationmeasures,althoughthiswas partlytemperedby thecommencementof theFIFAWorldCupperiodon 11 June.As notedin ourfirstquarterreport,majorsportingeventshavehistoricallyinfluencedcustomer behaviourand gamingrevenuein Macau,thisis due to divertedattentionand increasedcompetitionfromsportsbettingactivity. The tournament’sextended matchschedulethis yeartemporarilyaffectedcustomertrafficand revenue.Our targetedmarketingand promotionalinitiativeshelpedto partiallyoffsetthe impact. Importantly,Macauexperienceda recoveryin gamingrevenuetowardtheendof theWorldCup,andthismomentumhascontinuedintoAugust. For the firsthalfof 2026,the GroupreportedNet Revenueof $24.2 billion,up 4% year-on-year. AdjustedEBITDAwas $7.0 billion,up 1% year-on-year. For Q2, the GroupreportedNet Revenueof $11.8 billion,down2% year-on-yearand down5% quarter-on-quarter. AdjustedEBITDAwas $3.4 billion,down5% year-on-year and down 5% quarter-on-quarter. Despitea competitivemarketenvironment,GEG deliveredsolidresults,with performancedrivenacrossall businesssegments,particularlypremiummass. Within the Gamingand EntertainmentDivisionon a normalizedbasis, our Q2 2026 Net Revenuegrew 6%, AdjustedPropertyEBITDAgrew 9% and AdjustedPropertyEBITDAmarginexpandedfrom30.5% to 31.4% year-on-year. GEG’sbalancesheetremainshealthyand liquid,withcashand liquidinvestmentsof $37.7 billion. Thisfinancialstrengthallowsus to fundour development pipeline,exploreoverseasopportunitiesandreturncapitalto shareholdersthroughdividends. A finaldividendof $0.80 persharewas paidin June2026. The GEG Boardhas announcedan interimdividendof $0.90 per share,payablein September2026.Thisreflectsour continuedconfidencein the longerterm outlookforMacauin generalandforGEGspecifically. The ultra-luxuryCapellaat GalaxyMacau,the latestadditionto GEG’shotelportfolio,officiallyopenedin February2026.Due to strongdemand,we also expandedthepremiumgamingareaat HorizonPlus,increasingthenumberof privatesalonsfromsixto ten.Thishasfurtherenhancedourofferingsforhigh- valuecustomersandhelpeddrivethecontinuedrampupof thebusiness.
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3August 2026 Mr. Francis Lui Yiu Tung , Chairman of GEG said: World-classentertainmentshowsand sportingeventscontinuedto playa key rolein attractingbothnew and repeatcustomersto Macau.In the firsthalfof 2026,GEG hostedmore than 170 concerts,entertainmentshows,sportingand otherevents,includingheadlineperformancesby leadingMainlandartists, prominentCantopopandK-popconcerts,comedyshows,andUFCFightWeek. Duringthissummer,we hostedTheMusicof ChanFaiYoung,featuringthe ‘Kingof C-Pop’EasonChan,‘PopDiva’JoeyYung,renownedMandopopsingerBibiZhou,risingstarGigiYim,andMacau’siconicsingerTerenceChui. We alsohostedconcertsby ChineseactressandsingerRosyZhaoandmulti-talentedartistHenryLau. We continuedto strengthenour partnershipswithleadingglobalentertainmentcompanies. In June,we enteredinto a three-yearstrategicpartnershipwith Trip.com Group,a leadingtravelservicesplatform,to expandworld-class live experiencesby combiningTrip.com Group’sextensiveglobalmembership ecosystemwithourexpertisein venueoperationsandlarge-scaleeventexecution.Together,we aimto driveheadlineconcerts,sportingeventsandpremium travelexperiencesfor internationalaudiences,furthersupportingMacau’sgoalof becominga global‘Cityof PerformingArts’. Thispartnershipbuildson our existingcollaborationswith TencentMusic’sTME live,UFC and iQIYIto bringpremiereventsto Macau,as well as with DamaiEntertainmentand Macau Pass to furtherenhanceour ticketingservices.Additionalpartnershipsthat we have enteredinto includeHSBC Credit Card where in resort spending generatesrewardswithinGalaxyMacauTM, AntBankwithself-servicekiosksdeliveringa rangeof financialservicesandXiaohongshu(XHS)whospecializes in advanceddigitalmarketingcombinedwithhighprofileXHSinfluencesandcontentcreators. Collectively,theseinitiativesareexpectedto deepencustomer engagementandexpandouraudiencereach. As we moveforward,we willcontinueto enhanceour resortofferings. At StarWorldMacau,we are undertakinga comprehensiverenovationand upgrade programmeto ensurethe propertyremainscompetitiveandappealingto guests. We havecompletedthe refurbishmentof the gamingfloorson levels1 and 3, togetherwitha refitof thefoodandbeverageareas,includingtheintroductionof newdiningofferings. We havealsorecentlycommencedtherenovationof the hotelroomsand suites. This includescombiningsomeroomsto createlargerand more spaciouspremiumsuites,with the projectexpectedto be fully completedby thefirstquarterof 2027.DuringQ2, up to approximately40%of StarWorldMacau’sroominventorywasunderrenovationandwe estimatethat thisnegativelyimpactedAdjustedEBITDAby $14million. In parallel,we remainfirmlyfocusedon fittingout the 600,000 sqm Phase4 development. Uponcompletion,thislandmarkprojectwillelevatethe appealof our existingresortsand significantlybroadenour non-gamingattractions. This includes5 ultra-luxuryhotelswith approximately1,350 roomsand suites,a 5,000-seattheater,extensivediningoptions,newretailspace,lushlandscaping,a waterresortdeck,anda casino. We believethattheadditionof thesenew, high-qualityamenitieswillbe a gamechangerforourbusinessandwillfurthersupportMacau’sdevelopmentas a WorldCentreof TourismandLeisure. Finally,I extendmy heartfeltgratitudeto all our team members,whose dedicationto delivering‘WorldClass,Asian Heart’serviceeach and every day continuesto drivethesuccessof theGroup.”
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4August 2026 Executive Summary GEG: Well Positioned for Future Growth Q2 2026 • Q2 Group Net Revenue of $11.8 billion, down 2% year-on-year and down 5% quarter-on-quarter • Q2 Group Adjusted EBITDA of $3.4 billion, down 5% year-on-year and down 5% quarter-on- quarter • Played unlucky in Q2 which decreased Adjusted EBITDA by approximately $21 million, normalized Adjusted EBITDA of $3.4 billion, up 8% year-on-year and down 5% quarter-on-quarter • Latest twelve months Adjusted EBITDA of $14.6 billion, up 12% year-on-year and down 1% quarter-on-quarter 1H 2026 • 1H Group Net Revenue of $24.2 billion, up 4% year-on-year • 1H Group Adjusted EBITDA of $7.0 billion, up 1% year-on-year • 1H Played unlucky which decreased Adjusted EBITDA by approximately $23 million, normalized Adjusted EBITDA of $7.0 billion, up 14% year-on-year • 1H Net Profit Attributable to Shareholders of $5.3 billion, up 1% year-on-year
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5August 2026 Executive Summary Galaxy Macau : Primary Driver to Group Earnings Q2 2026 • Q2 Net Revenue of $9.9 billion, down 1% year-on-year and down 4% quarter-on-quarter • Q2 Adjusted EBITDA of $3.2 billion, down 4% year-on-year and down 4% quarter-on-quarter • Played unlucky in Q2 which decreased Adjusted EBITDA by approximately $10 million, normalized Adjusted EBITDA of $3.2 billion, up 10% year-on-year and down 4% quarter-on-quarter • Hotel occupancy for Q2 across the nine hotels was 99% 1H 2026 • 1H Net Revenue of $20.3 billion, up 6% year-on-year • 1H Adjusted EBITDA of $6.5 billion, up 3% year-on-year
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6August 2026 Executive Summary StarWorld Macau: Continuing with Major Property Upgrades Q2 2026 • Q2 Net Revenue of $1.2 billion, up 4% year-on-year and down 9% quarter-on-quarter • Q2 Adjusted EBITDA of $303 million, flat year-on-year and down 21% quarter-on-quarter • Played unlucky in Q2 which decreased Adjusted EBITDA by approximately $11 million, normalized Adjusted EBITDA of $314 million, up 3% year-on-year and down 19% quarter-on-quarter • Hotel occupancy for Q2 was 100% 1H 2026 • 1H Net Revenue of $2.6 billion, up 6% year-on-year • 1H Adjusted EBITDA of $686 million, up 5% year-on-year
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7August 2026 Executive Summary Broadway Macau and Construction Materials Division (“CMD”) • Broadway Macau : Q2 Adjusted EBITDA was breakeven, versus $4 million in Q2 2025 and $7 million in Q1 2026 • CMD: Q2 Adjusted EBITDA was $171 million, down 28% year-on-year and up 35% quarter-on- quarter
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8August 2026 Executive Summary Balance Sheet: Remained Healthy and Liquid • As at 30 June 2026, cash and liquid investments were $37.7 billion and the net position was $35.9 billion after debt of $1.8 billion GEG Dividends • Paid the previously announced final dividend of $0.80 per share in June 2026 • Announced an interim dividend of $0.90 per share payable on or about on 15 September 2026
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9August 2026 Executive Summary Development Update: Continue to ramp up Capella at Galaxy Macau, Galaxy International Convention Center (GICC), Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau; Progressing with the fitting out of Phase 4 • Cotai Phase 3 – Continue to ramp up Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau • Cotai Phase 4 – Our efforts are firmly focused on the development of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment, family facilities and also includes a casino • Undertaking a major upgrade of StarWorld Macau • International – Continuously exploring opportunities in overseas markets
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10August 2026 Interim Results 2026
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11August 2026 $1,503 $1,460 $1,309 CC, $84 CC, $25 CC, $0 BW, $97 BW, $108 BW, $85 $2,413 $2,538 $2,564 $19,149 $21,865 $20,273 $23,246 $25,996 $24,231 2025 1H 2025 2H 2026 1H GEG Net Revenue (HK$’m) $1,503 $1,460 $1,309 CC, $84 CC, $25 BW, $97 BW, $108 BW, $85 $2,901 $3,091 $3,117 $23,029 $26,434 $24,968 $27,614 $31,118 $29,479 2025 1H 2025 2H 2026 1H GEG Gross Revenue (HK$’m) GEG Revenue Summary 1H 2026 Group Net Revenue in the first half of 2026 was up 4% YoY to $24.2 billion Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials
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12August 2026 Group Net Revenue in the first half of 2026 was up 4% YoY to $24.2 billion GEG Revenue Summary 1H 2026 YoY Gross Revenue Net Revenue GEG Total +7% +4% Galaxy Macau +8% +6% StarWorld +7% +6% Broadway Macau (12)% (12)% Construction Materials (13)% (13)% HoH Gross Revenue Net Revenue GEG Total (5)% (7)% Galaxy Macau (6)% (7)% StarWorld +1% +1% Broadway Macau (21)% (21)% Construction Materials (10)% (10)%
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13August 2026 $423 $454 $298 CC, $3 CC, $(10) BW , $6 BW , $5 BW , $7 $653 $725 $686 $6,341 $7,088 $6,542 $(561) $(625) $(577) $6,865 $7,637 $6,956 2025 1H 2025 2H 2026 1H GEG Adjusted EBITDA (HK$’m) GEG Adjusted EBITDA Summary 1H 2026 YoY HoH GEG Total +1% (9)% Galaxy Macau +3% (8)% StarWorld Macau +5% (5)% Broadway Macau +17% +40% Construction Materials (30)% (34)% Group Adjusted EBITDA was $7.0 billion in the first half of 2026, up 1% YoY • Normalized 2026 1H Adjusted EBITDA was $7.0 billion after adjusting for bad luck of $23 million, up 14% YoY Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials Corporate Costs
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14August 2026 Q2 2026 Results
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15August 2026 GEG Revenue Q2 2026 Q2 Group Net Revenue of $11.8 billion, down 2% YoY and down 5% QoQ Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials YoY QoQ GEG Total (2)% (5)% Galaxy Macau (1)% (4)% StarWorld Macau +4% (9)% Broadway Macau (20)% (7)% Construction Materials (18)% (3)% $780 $666 $643 $1,171 $1,342 $1,222 CC, $42 BW, $51 BW, $44 BW, $41 $10,000 $10,344 $9,929 $12,044 $12,396 $11,835 2025 Q2 2026 Q1 2026 Q2 GEG Net Revenue (HK$’m)
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16August 2026 YoY QoQ GEG Total (5)% (5)% Galaxy Macau (4)% (4)% StarWorld Macau 0% (21)% Broadway Macau (100)% (100)% Construction Materials (28)% +35% GEG Adjusted EBITDA Q2 2026 Q2 Group Adjusted EBITDA of $3.4 billion, down 5% YoY and down 5% QoQ • Normalized Q2 Adjusted EBITDA of $3.4 billion, after adjusting for bad luck of approximately $21 million, up 8% YoY and down 5% QoQ Galaxy Macau™ StarWorld Macau Broadway Macau™ City Clubs Construction Materials Corporate Costs CC, $2 $(303) $(284) $(293) $238 $127 $171 BW, $4 BW, $7 BW, $- $303 $383 $303 $3,325 $3,343 $3,199 $3,569 $3,576 $3,380 2025 Q2 2026 Q1 2026 Q2 GEG Adjusted EBITDA (HK$’m)
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17August 2026 Galaxy Macau
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18August 2026 Non-Gaming Revenue +8% 0% Gaming (Gross) VIP Win (32)% (30)% Mass Win +7% 0% Slots Win +29% +23% Total Gaming Revenue 0% (5)% Galaxy Macau Q2 2026 Galaxy Macau Q2 Adjusted EBITDA of $3.2 billion, down 4% YoY and down 4% QoQ Net Revenue of $9.9 billion, down 1% YoY and down 4% QoQ • VIP win of $1.6 billion, down 32% YoY and down 30% QoQ • Mass win of $8.2 billion, up 7% YoY and flat QoQ • Non-gaming revenue of $1.5 billion, up 8% YoY and flat QoQ, including $379 million of rental revenue • Hotel occupancy for Q2 across the nine hotels was 99% Adjusted EBITDA of $3.2 billion, down 4% YoY and down 4% QoQ • Played unlucky in Q2 which decreased Adjusted EBITDA by approximately $10 million • Normalized Q2 Adjusted EBITDA was $3.2 billion excluding the luck factor, up 10% YoY and down 4% QoQ Galaxy Macau YoY QoQ Total Gross Revenue +1% (5)% Total Net Revenue (1)% (4)% Adjusted EBITDA (4)% (4)% $3,325 $3,343 $3,199 33% 32% 32% 0% 20% 40% 60% $0 $1,000 $2,000 $3,000 $4,000 2025 Q2 2026 Q1 2026 Q2 Adjusted EBITDA (HK$’m) and Adjusted EBITDA Margin (%)
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19August 2026 StarWorld Macau
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20August 2026 Net Revenue of $1.2 billion, up 4% YoY and down 9% QoQ • VIP win was $10 million, down 55% YoY and down 9% QoQ • Mass win of $1.2 billion, up 12% YoY and down 7% QoQ • Non-gaming revenue of $104 million, down 16% YoY and down 17% QoQ, including $6 million of rental revenue • Hotel occupancy for Q2 was 100% Adjusted EBITDA of $303 million, flat YoY and down 21% QoQ • Played unlucky in Q2 which decreased Adjusted EBITDA by approximately $11 million • Normalized Q2 Adjusted EBITDA was $314 million excluding the luck factor, up 3% YoY and down 19% QoQ StarWorld Macau Q2 20 26 StarWorld Macau Q2 Adjusted EBITDA of $303 million, flat YoY and down 21% QoQ Non-Gaming Revenue (16)% (17)% Gaming (Gross) VIP Win (55)% (9)% Mass Win +12% (7)% Slots Win (11)% (1)% Total Gaming Revenue +8% (7)% StarWorld Macau YoY QoQ Total Gross Revenue +5% (7)% Total Net Revenue +4% (9)% Adjusted EBITDA 0% (21)% $303 $383 $303 26% 29% 25% 0% 20% 40% 60% $0 $200 $400 2025 Q2 2026 Q1 2026 Q2 Adjusted EBITDA (HK$’m) and Adjusted EBITDA Margin (%)
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21August 2026 Broadway Macau Q2 2026 Broadway Macau Q2 Adjusted EBITDA was breakeven, Vs $4 million in Q2 2025 and $7 million in Q1 2026 • Net Revenue of $41 million, down 20% YoY and down 7% QoQ 2025 Q2 2026 Q1 2026 Q2 $4 $7 $- Adjusted EBITDA (HK$’m)
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22August 2026 Construction Materials Q2 Adjusted EBITDA down 28% YoY and up 35% QoQ to $171 million Construction Materials Q2 20 26 Concrete precast factory located at Shajing, Shenzhen 2025 Q2 2026 Q1 2026 Q2 $238 $127 $171 Adjusted EBITDA (HK$’m)
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23August 2026 Cash and Debt Update Balance Sheet: Remained Healthy and Liquid • As at 30 June 2026, cash and liquid investments were $37.7 billion and the net position was $35.9 billion after debt of $1.8 billion • Paid the previously announced final dividend of $0.80 per share in June 2026 • Announced an interim dividend of $0.90 per share payable on or about on 15 September 2026 Dec 31, 2025 Mar 31, 2026 Jun 30, 2026 $36.3 $39.2 $37.7$35.0 $36.5 $35.9 Cash and Liquid Investments and Net Position after Debt (HK$ billion) Cash & liquid investments Net position after Debt
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24August 2026 Selected Major Awards in 1H 2026 Award Presenter GEG Global Gaming Awards Asia-Pacific 2026 - Casino Operator of the Year - Integrated Resort of the Year Global Gaming Insider Macau Green Hotel Awards - Gold Award - Andaz Macau - JW Marriott at Galaxy Macau - The Ritz-Carlton, Macau - Banyan Tree Macau Environmental Protection Bureau EarthCheck Platinum Certification - Banyan Tree Macau EarthCheck Gold Certification - Galaxy HotelTM EarthCheck Galaxy MacauTM MICHELIN One-Star Restaurant - 8½ Otto e Mezzo BOMBANA - Lai Heen - Sushi Kissho by Miyakawa MICHELIN Selected Restaurants - Saffron - The Ritz-Carlton Café The MICHELIN Guide Hong Kong Macau 2026 Five Star Hotel - Banyan Tree Macau - Galaxy Hotel TM - Hotel Okura Macau - Raffles at Galaxy Macau - The Ritz-Carlton, Macau - Capella at Galaxy Macau Five-Star Restaurant - 8½ Otto e Mezzo BOMBANA - Yamazato - Lai Heen - Sushi Kissho by Miyakawa Five-Star Spa - Banyan Tree Spa Macau - The Ritz-Carlton Spa, Macau 2026 Forbes Travel Guide 2026 Black Pearl Restaurant Guide - One Diamond - 8½ Otto e Mezzo BOMBANA - Yamazato Mei Tuan China Travel Awards - China's Top 100 Hotels - Raffles at Galaxy Macau China Travel + Leisure
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25August 2026 Award Presenter Galaxy MacauTM Travel + Leisure Luxury Awards Asia Pacific 2026 Travel and Leisure LuxuryMacau’s Best Hotels - Galaxy HotelTM - Raffles Hotel Macau’s Best Hotel Pools - Grand Resort Deck (First Place) - Banyan Tree Macau Macau’s Best Hotel Spa - Banyan Tree Spa Macau - The Ritz Carlton Spa Macau Tatler Best Hong Kong and Macau Awards 2026 Tatler Hong Kong Tatler Best Spotlight (Macau) - Hotel - Galaxy Hotel TM - Banyan Tree Macau Tatler Best 10 Hotels (Macau) - Andaz Macau - Raffles at Galaxy Macau - Capella at Galaxy Macau Tatler Best 20 Restaurants (Macau) - 8½ Otto e Mezzo BOMBANA - Lai Heen - Sushi Kissho by Miyakawa - House of Origin Tatler Best 20 Bars (Macau) - 8½ Otto e Mezzo BOMBANA - Andaz Bar - Long Bar - PONY&PLUME - Raffles Lounge & Terrace - The Ritz-Carlton Bar & Lounge Tatler Best Spotlight (Macau) – Restaurant - Saffron - Teppanyaki Shou Best New Hotel (Macau) - Capella at Galaxy Macau Best New Bar (Macau) - PONY&PLUME Best Design (Macau) - Andaz Macau - PONY&PLUME Best Service (Macau) - 8½ Otto e Mezzo BOMBANA Best Innovation (Macau) - Long Bar Selected Major Awards in 1H 2026
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26August 2026 Award Presenter StarWorld Macau MICHELIN Two-Star Restaurant – Feng Wei Ju The MICHELIN Guide Hong Kong Macau 2026 Tatler Best Hong Kong and Macau Awards 2026 - Tatler Best 20 Restaurants (Macau) - Feng Wei Ju Tatler Hong Kong 2026 Black Pearl Restaurant Guide - One Diamond - Feng Wei Ju Mei Tuan SCMP 100 Top Tables 2026 - Feng Wei Ju South China Morning Post Broadway Macau Tatler Best Hong Kong and Macau Awards 2026 - Tatler Best 20 Bars (Macau) - Goa Nights at Broadway Macau Food Street Tatler Hong Kong Construction Materials Division Outstanding Enterprise - Shenzhen K. Wah Concrete Piles Company Limited Shajing Subdistrict Office of Bao'an District, Shenzhen Selected Major Awards in 1H 2026
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27August 2026 Galaxy Macau and StarWorld Macau • We continue to enhance Galaxy Macau to ensure it remains competitive and appealing to guests, including through the addition of new F&B, lifestyle and retail offerings. This includes the recent opening of Estuary by Vicky Cheng, helmed by the Black Pearl Master Chef, which has further strengthened our premium dining portfolio. • Capella at Galaxy Macau officially opened on 10 February 2026 with 95 ultra-luxury signature suites and Penthouses. It has been well received by guests and has strengthened our ability to capture the super-premium mass segment at scale. Due to strong customer demand, we also expanded Horizon Plus, our premium gaming area, from six private salons to ten, further enhancing our offering for high-value customers. • At StarWorld Macau we are undertaking a comprehensive renovation and upgrade programme to ensure the property remains competitive and appealing to guests. We have completed the refurbishment of the gaming floors on levels 1 and 3, together with a refit of the food and beverage areas, including the introduction of new dining offerings. We have also recently commenced the renovation of the hotel rooms and suites. This includes combining some rooms to create larger and more spacious premium suites, with the project expected to be fully completed by the first quarter of 2027. GEG Development Update
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28August 2026 StarWorld Macau Upgrade GEG Development Update
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29August 2026 Cotai Phase 4 • We are progressing well with the fitting out of our approximately 600,000 sqm Phase 4 development. Market research and customer feedback indicate strong demand for premium products, including larger and more luxurious rooms with premium amenities and services. Therefore, we have increased the room size in Phase 4, which will now comprise 5 ultra-luxury hotels with approximately 1,350 rooms and suites, an approximately 5,000-seat theater, extensive F&B outlets, retail, non-gaming amenities, landscaping, a water resort deck and a casino. Phase 4 is targeted for completion in 2027. We believe these additions will be a game changer for our business. GEG Development Update Cotai Phase 4 (July 2026)
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30August 2026 Summary • GEG commenced with a vision • “To be globally recognized as Asia’s leading gaming & entertainment corporation” • We are delivering upon our vision Positioned for Growth Corporate – Well Positioned for Future Growth • 1H Group Adjusted EBITDA of $7.0 billion, up 1% YoY and down 9% HoH • Q2 Group Adjusted EBITDA of $3.4 billion, down 5% YoY and down 5% QoQ • Announced an interim dividend of $0.90 per share payable on or about on 15 September 2026 Operations – Well Positioned for Future Growth • Galaxy Macau reports $20.3 billion of Net Revenue and $6.5 billion of Adjusted EBITDA in 1H26; Q2 Adjusted EBITDA of $3.2 billion • StarWorld Macau reports $2.6 billion of Net Revenue and $686 million of Adjusted EBITDA in 1H26; Q2 Adjusted EBITDA of $303 million • Broadway Macau : 1H26 and Q2 Adjusted EBITDA was $7 million and breakeven, respectively • CMD: 1H26 and Q2 Adjusted EBITDA was $298 and $171 million, respectively Financing – Balance Sheet Remained Healthy and Liquid • As at 30 June 2026, cash and liquid investments were $37.7 billion and the net position was $35.9 billion after debt of $1.8 billion Development Update: Continue to ramp up Capella at Galaxy Macau, Galaxy International Convention Center (GICC), Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau; Progressing with the fitting out of Phase 4 • Cotai Phase 3 – Continue to ramp up Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau • Cotai Phase 4 – Our efforts are firmly focused on the development of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment, family facilities and also includes a casino • Undertaking a major upgrade of StarWorld Macau • International – Continuously exploring opportunities in overseas markets
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31August 2026 Disclaimer This document and any verbal presentation or discussion have been prepared by Galaxy Entertainment Group Limited (the “Company”) solely for your personal reference. The information provided has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information provided should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. None of the Company nor any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. This document contains statements that reflect the Company’s beliefs and expectations about the future. These forward-looking statements are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control, and accordingly, actual results may differ materially from these forward-looking statements. The Company does not undertake to revise forward-looking statements to reflect future events or circumstances. This document and the accompanying verbal presentation contain proprietary information and no part of it may be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization / firm) or published, in whole or in part, for any purpose.
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12 August, 2026 Q2 & Interim Results 2026