Sands China doubles interim dividend despite profit decline

Sands China Ltd. has announced it will double its interim dividend to HKD 0.50 per share for the six months ended June 30, 2026. The total aggregate distribution is set at HKD 4.05 billion (USD 516 million), up from HKD 0.25 per share during the same period last year. Shareholders of record as of September 18 will be entitled to the dividend, with payment expected on October 9.

Despite the increased dividend, the company reported a 3.6% decline in net profit to $398 million. Net revenue for the first half rose 11.1% year-over-year to $3.88 billion, primarily driven by a 12% increase in casino revenue from increased table games and slot machine income.

Adjusted property EBITDA fell 3.4% to $1.07 billion. The company attributed this decline to higher payroll costs and increased spending on customer incentives within a competitive environment. These factors were partially offset by revenue growth at The Londoner Macao following the completion of The Londoner Grand in April 2025.