美高梅中国：截至2025年12月31日止年度年度业绩公告

MGM CHINA HOLDINGS LIMITED 22826028, 40634, 5036 20251231 20251231 123120252024 30,471,81227,282,9114,315,6564,104,244 EBITDA 34,787,46831,387,15510,005,1949,058,6376,709,2006,156,4045,074,7684,603,408 133.5121.1132.9120.6 2013228202532050%202512310.35313.4142025123126.4%2026632026522 20258 70.31311.948202593 •20251231347.87510.8%•20251231EBITDA10010.4%•2025123116.1%15.8%•202412312025123110.2%315.1001.1%14.2%567.082667.653•202412312025123119.5%48.37424.2%10.1%255.2021,035.340•20241231202512313.3%22.9633.1%26.5%302.659378.515•20241231202512315.2%43.157•2025123150.74810.2% 7(66,469)(60,124) 5,074,7684,603,408 4,482(3,112)4,556— 5,083,8064,600,296 9133.5121.1 9132.9120.6 29,673,62530,603,648 3,800,0003,800,000(552,541)(3,272,473) 29,673,62530,603,648 1. 201072200712182018213201163MGMResorts International Holdings, Ltd.P.O. Box 31119, Grand Pavilion, HibiscusWay, 802 West Bay Road, Grand Cayman, KY1-1205, Cayman Islands 2. 2025123154.1432024123125.6182026515122025123143.9662024123153.1542025196.002025123120261231 202511 21 3. EBITDAEBITDA EBITDA 4. 5. 6. 7. 202412919/20242023112027123112% 12%202422023123120251231202512316,7706,57020246,1105,930 16.5%15%20% 8. 20243210.1043.9532024423 20245 31202312 310.2439.2432024620 2024630 20248290.35313.4192024104 20255 22202412 310.2519.5342025612 2025870.31311.948202593 2026319202512310.35313.414 9. (1)202520241231 10. 197191180175 11. 2025123128 30319091180180 12. 20251231 15,499,19219,313,693 201951615.07.505.375%20245157.505.875%20265152024202620191115515111520245152024 20206185.005.25%2025618202520201218618121820256182025 20213317.504.75%20272120272022212181 20246265.007.125%20316262031202412266261226 202420262019516U.S. BankNational Association202520272031202061820213312024626Wilmington Savings Fund Society, FSB (1)(2) 101%(1)193413(d)(3)(2)(3)193413(d)(3)50%(4)60%60% 100%101060 2025 2025415234.02030415202520254222025 20251.625%2.75% 20251231202519620304152030415202512312.00%20242.00% 2025 20254.51.02.51.0 202512312025 202550% 2025 2025 97.558.520265152026515 20254222025 2022111020236297.5058.420241110 20243207.5058.4202412315504,2702025318 303160619091120120 14. 202512319.70920249.709202520241231 2025123178020241231780 201163MRIH55.95%22.49% 20231120321231107501,700 2007122025123123,2831,0443455951,6002025LED 20182132025123124,5491,0014051,4182,8702049 + 19719118017591% 20232049 2025202472.4%70.1% 20251231202414.7%18.5%202512319.1%2,402 10 24 20251231202025123116.1%15.8% 2025123187% 202512315951,41891,600122,870 2025 Dale Chihuly2024112202510202511 30028 204920241215 LEDSHOW2025SHOW LED EBITDA EBITDA EBITDAEBITDAEBITDAEBITDA EBITDA202520241231 EBITDA EBITDAEBITDA 2025123120241231 202520241231 20251231347.87510.8% 123120252024 56,708,20056,116,877(1)12,774,93312,158,12722.5%21.7%111.1107.3 25,520,23033,668,460(1)757,245980,8943.0%2.9%95.499.2 93.5%94.5%2,4462,632 123120252024 (2) 3453401,044961 (1) 123120252024 (2) 4054101,001972 (1) (2)202520241231 202412312025123111.7%304.718 202412312025123110.2%315.1001.1%14.2%567.082667.653 202412312025123119.5%48.37424.2%10.1%255.2021,035.340 20241231202512313.3%22.9633.1%26.5%302.659378.515 20241231202512315.2%43.157 202520241231 123120252024 202412312025123110.7%153.528 202412312025123117.1%13.212 202412312025123112.4%52.82220241231 20251231202412315,080262.9%1.8442.71420241.1558,70020246,470 20251231202412314.9%38.016 2024123116.9444.1%2025123117.638 10.6%202412315.777202512316.389 202412312025123115.2%21.3602024 2024123116.5692025123115.260 •1.13420252024•2,6106.5%4.4%202426.724202533.302•2,5502025156234 202512319,560202412318,880 2024123146.0342025123150.748 2025123144.0196.0 202520241231 202520241231 2025123187.3772024123182.656 2025123116.4102024123115.230 2025123115.703 2024123115.247 2025123180.9152024123156.560 20251231 •39.2442025•14.315•21.482•3.1902025•9,000 20241231 •58.7312024•26.615•15.480•203139.060•8.100 20251231 2025202412311231 451,423488,625 202512319.70920249.709202520241231 2025123178020241231780 201951615.07.505.375%20245157.505.875%20265152024202620191115515111520245152024 20206185.005.25%2025618202520201218618121820256182025 20213317.504.75%20272120272022212181 20246265.007.125%20316262031202412266261226 202420262019516U.S.Bank National Association202520272031202061820213312024626Wilmington Savings Fund Society, FSB (1)(2) 101%(1)193413(d)(3)(2)(3)193413(d)(3)50%(4)60%60% 100%101060 2025 2025415234.02030415202520254 222025 20251.625%2.75% 20251231202519620304152030415202512312.00% 2025 20254.51.02.51.0 202512312025 202550% 2025 2025 97.558.520265152026515 20254222025 2022111020236297.5058.420241110 20243207.5058.4202412315504,2702025318 2025123113,793202413,327 • ••• 2011 202622025123120264 20265222026521430183171712-1716 202512314.76530,304,700 201120202025123110.06 202512312011202020251231 20251231C1 C3 20251231