Bloomberg profit plunges amid losses

Bloomberry Resorts Corp. reported a 95-percent plunge in consolidated net income for the first nine months of the year on the back of ballooning losses in the third quarter as the international high-roller market remains weak while expenses increased for its new online gaming business.

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In a disclosure to the Philippine Stock Exchange (PSE), the firm said its net income in the first nine months of 2025 was P160.1 million versus P3.5 billion in the same period last year.

Notable one-off items that impacted net income in the first nine months of 2025 were both related to the refinancing of its P40-billion syndicated loan facility: P175 million of gross receipts tax-related charges and the P2.9-billion onetime, non-cash refinancing gain.

Bloomberry reported a net loss of P1.7 billion for the third quarter, which compares to the net loss of P470.2 million in the same period last year.