Bloomberry Resorts Corporation (Bloomberry) has announced its unaudited financial and operating results for the three and six months ended June 30, 2026. The company successfully narrowed its net loss during the second quarter, driven by higher gross gaming revenues and strict operational discipline.
Bloomberry subsidiaries own and operate Solaire Resort Entertainment City (SEC), Solaire Resort Quezon City (SQC), Jeju Sun Hotel & Casino (Jeju Sun), alongside the Solaire Online and FUNaloMax online gaming platforms.
-
Gross Gaming Revenue (GGR): Reached P16.4 billion, representing a 15% increase from P14.3 billion in Q2 2025. Growth was propelled by higher hold rates across all gaming segments, offsetting continued softness in the VIP and premium mass sectors.
-
Net Revenue: Stood at P14.1 billion, up 11% from P12.7 billion in the same period last year.
-
Cash Operating Expenses (Opex): Controlled at P10.7 billion, higher by only 5% year-over-year. Increases were primarily driven by higher taxes and licenses, salaries and benefits, and software and hardware maintenance costs.
-
Consolidated EBITDA: Rose 35% to P3.4 billion from P2.5 billion in Q2 2025, underpinned by higher GGR and successful cost-optimization initiatives.
-
Consolidated Net Loss: Significantly narrowed to P345.3 million, compared to a net loss of P1.4 billion in Q2 2025.
First-Half (1H) 2026 financial highlights:
-
Consolidated GGR: Flat at P31.1 billion compared to the previous year.
-
Consolidated Net Revenue: Inched up 1% to P27.2 billion from P27.0 billion in 1H 2025.
-
Consolidated EBITDA: Totaled P6.4 billion, compared to P6.9 billion in the first six months of 2025.
-
Consolidated Net Loss: Reported at P470.3 million, shifting from a net income of P1.9 billion in the first half of 2025.
-
Notable One-Off Items:
-
A P403.0 million gain in Q1 2026 from the sale of the Jeju Sun gaming license via demerger and share purchase arrangements.
-
A P2.9 billion one-time, non-cash gain recognized in Q1 2025 from the refinancing of the P40 billion Syndicated Loan Facility.
-
-
First-Half Cash Opex: Maintained strict discipline with a year-to-date increase capped at just 3%.
Enrique K. Razon Jr., Bloomberry Chairman and CEO, commented: “We delivered GGR growth in the second quarter, supported by stronger hold rates across our gaming operations. However, underlying demand in the VIP and premium mass segments remained soft. Assertive cost management complemented higher revenues, driving EBITDA growth both sequentially and year-over-year.”
“Our focus on operating efficiency continues to drive results. Despite a challenging macroeconomic environment characterized by elevated oil prices, higher interest rates, and a weaker peso, we limited cash operating expense growth to just 5% and 3% for the quarter and the first half, respectively, underscoring the effectiveness of our cost optimization initiatives.”
“Looking ahead, we remain focused on disciplined execution. Alongside continued cost optimization, we are advancing our digital strategy with the recent commercial launch of FUNaloMax on our proprietary platform which will be joined by Solaire Online on the same platform in the coming weeks. We anticipate that these initiatives will enhance the patron experience and position Bloomberry to capture incremental revenue growth in the quarters ahead.”
