Belle reports 31.5% third-quarter profit growth as Manila gaming share falls
Deals & M&A1 min read
Belle Corporation reported a 31.5% rise in consolidated net profit to PHP684.6 million for the third quarter of 2026, while revenue grew 12.9% to PHP1.59 billion. Its share of City of Dreams Manila gaming revenue fell 2.8% year on year to PHP530 million, while lottery equipment rental revenue nearly tripled to PHP358.4 million, according to the company's quarterly filings.
Belle Corporation reported consolidated net profit of PHP684.6m for the third quarter of 2026, up 31.5% year on year, according to the company's quarterly filings. Revenue for the quarter rose 12.9% to PHP1.59bn. The company's share of gaming revenue from City of Dreams Manila fell 2.8% to PHP530m over the three months ended 30 September, while lottery equipment rental revenue and lower financing costs supported the profit increase.
Belle receives the City of Dreams Manila gaming revenue share through its subsidiary Premium Leisure Corporation. The decline concerns Belle's share of gaming revenue rather than the resort's total casino revenue, the filings indicate. Lease revenue from Melco Resorts and Entertainment (Philippines) Corporation was PHP591.7m for the quarter, marginally higher than a year earlier.
Lottery equipment rental revenue nearly tripled to PHP358.4m. The operation runs through Pacific Online Systems Corporation's PinoyLotto Technologies Corporation joint venture, which leases online lottery equipment to the Philippine Charity Sweepstakes Office. Interest and finance expenses fell 34.8% to PHP111.6m.
Over the first nine months of 2026, Belle's gaming revenue share from City of Dreams Manila reached PHP1.48bn, up 13% year on year, so the cumulative figure remained above the prior-year level despite the weaker third quarter. The source did not include a company statement, an appeal or any next steps.