Bloomberry Resorts Corporation, the owner and operator of Solaire Resort Entertainment City (SEC), Solaire Resort North (SN), and Jeju Sun Hotel & Casino, announced its audited consolidated financial results for the fiscal year ended December 31, 2025.
Despite a challenging year for the regional gaming sector, Bloomberry demonstrated the strength of its domestic mass-market segment and the growing contribution of its newest property, Solaire Resort North.
Bloomberry’s 2025 fiscal year was characterized by a shifting regulatory landscape and a transition in market demographics.
| Metric | FY 2025 | FY 2024 | Change |
| Gross Gaming Revenue (GGR) | P59.8 Billion | P61.7 Billion | (3%) |
| Non-Gaming Revenue | P12.9 Billion | P10.7 Billion | +21% |
| Net Revenue | P52.5 Billion | P53.1 Billion | (1%) |
| Consolidated EBITDA | P10.2 Billion | P16.6 Billion | (39%) |
| Net Income (Loss) | (P2.6 Billion) | P2.6 Billion | N/A |
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Mass Market Growth: While VIP and premium mass segments faced pressure due to softer inbound tourism and the 2024 POGO ban, the combined performance of mass table games and electronic gaming machines (EGM) rose by 12%, bolstered by the ramp-up of Solaire Resort North.
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Non-Gaming Success: Non-gaming revenue grew significantly by 21%, highlighting the Group’s successful diversification into luxury hospitality and lifestyle offerings.
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Cost Management & Refinancing: Bloomberry successfully navigated a high-expense environment—driven by the first full year of SN operations—by implementing rigorous expense management and completing strategic debt refinancing in October 2024 and February 2025 to reduce interest costs. “2025 was a challenging year, marked by softer inbound tourism and the residual effects of the July 2024 POGO ban,” said Mr. Enrique K. Razon Jr., Bloomberry Chairman and CEO. “However, we outperformed the broader integrated resort market, supported by the resilience of our domestic mass-market business.
“In response to softer revenues, we introduced gaming and resort enhancements to both Solaire properties. We remain confident in the long-term opportunity of our online segment as we await greater regulatory clarity and continue strengthening our digital platforms.”
The reported net loss of P2.6 billion was impacted by several one-off items, including non-cash refinancing adjustments and a P383.3 million impairment related to Aviation Concepts Technical Services, Inc. Excluding these extraordinary items and the pre-operating expenses of the previous year, the Group’s core operations remain stable.
Looking toward 2026, Bloomberry expects to realize continued cost savings from eased benchmark interest rates and the ongoing optimization of Solaire Resort North. The Company is also poised to capitalize on the digital gaming space through its MegaFUNalo platform as the regulatory environment stabilizes.
