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RGB International Bhd ended the final quarter of 2025 clearly weaker than the same period in 2024. The Malaysian supplier and distributor of casino equipment recorded a profit attributable to shareholders of approximately MYR5.6 million for the three months ended December 31, a significant decline from MYR31.5 million in the same period of 2024. The pullback in earnings mirrored a significant contraction in revenue, reflecting how much the group’s momentum has slowed since the strong finish it enjoyed in 2024.
For the fourth quarter, RGB’s revenue came in at just under MYR108.9 million, down 69.5 percent year-on-year. The decline in its top line set off a chain reaction across its financial performance, as lower sales filtered through to margins and profit. These latest figures, disclosed in a Thursday filing to Bursa Malaysia, show how the absence of earlier drivers has reshaped the company’s financial picture at the close of 2025.
Dividend Maintained Despite Weaker Metrics
Despite the drastic decline in profit and revenue, RGB opted to continue its return to shareholders, albeit in modest amounts. The group announced a fourth interim single-tier dividend of MYR0.001 per share, payable on April 16. The group had earlier in the year distributed a third interim dividend of MYR0.002 per share, continuing its trend of making small but consistent payments to its shareholders.
However, the less favorable earnings environment is evident when considering its earnings before interest, taxation, depreciation, and amortization. For the 3 months ended December 31, the group’s EBITDA was recorded at MYR8.1 million, a drastic 78.5 percent decline from the same period in 2024. The drastic decline in this key indicator illustrates the extent to which the group’s business has been affected over the past year.
Segment Performance Shows Impact Of Previous Bulk Order
Most of RGB’s revenue in the last quarter of 2025 still came from the sales and marketing of products. This segment contributed nearly MYR90.8 million in revenue but that was 72.8 percent lower than in the prior-year period. Profit from this line of business also suffered, dropping 66.3 percent year-on-year to MYR11.8 million.
The company explained that the stronger results recorded in the final quarter of 2024 were largely driven by the delivery of a substantial bulk order. With no similar volume of deliveries in the same period of 2025, both revenue and profit in the segment naturally fell back. The comparison to that unusually strong base has therefore magnified the scale of the decline in the latest quarter.
TSM Business And Full-Year Results
The company’s technical support and management business also ended the final quarter of 2025 on a weak note, with TSM revenue declining 24.1 percent year-over-year to MYR17.2 million. This was attributed to weaker performance at several key TSM outlets, due in part to increased jackpot payouts, according to RGB. The ongoing closure of certain TSM outlets in the Poipet region in Cambodia since the start of June 2025 also weighed on this segment’s contribution.
The total financial profit earned by RGB for the 2025 period, which will be distributed to its shareholders, is a net profit of MYR36.4 million. This is an indication of how far the revenue for the group (RGB) has decreased, 54.2 percent below the previous year (MYR348.4 million), this will reflect an overall slowing of business.
Outlook As 2026 Begins
As 2026 begins, RGB will have to continue to take a cautious view towards its own business activity. RGB has expressed a cautiously optimistic outlook on the potential for positive growth during the financial year ending in 2026. From the perspective of the golf group, the ability to do this will be dependent on regulations, the broader economic environment, consumer spending patterns, and visitors arriving in the Philippines, Cambodia, and Vietnam.
Source: GGR Asia
