Paradise profit rises as quarterly sales grow
South Korean casino operator Paradise Co reported a 20.6% increase in third-quarter profit attributable to shareholders, reaching KRW27.78 billion. The improvement accompanied higher sales, although attributable profit for the first nine months remained below the corresponding period of 2025.
Sales for the three months ended September 30 increased 22.0% year over year to nearly KRW351.66 billion. Compared with the preceding quarter, sales rose 10.6%, while attributable profit increased 76.0%, according to the company’s November 10 preliminary results.
The regulatory filing separately reported operating profit of KRW64,121 million, up 62.3% from the prior-year quarter. Operating profit also increased 80.4% from the second quarter, when the company recorded KRW35,550 million.
Total consolidated net profit was KRW39,147 million, a 17.1% year-over-year increase. That figure includes profit attributable to noncontrolling interests and is therefore different from the attributable-profit measure used in the company’s shareholder earnings comparison. The preliminary filing presents both measures separately.
Nine-month earnings remain below the previous year
For January–September, attributable profit was KRW60.04 billion, down 20.0% year over year. Nine-month sales increased 12.6% to KRW963.71 billion, meaning the higher revenue did not translate into a comparable improvement in cumulative shareholder profit.
The filing reported nine-month operating profit of KRW136,977 million, down 1.9%, and consolidated net profit of KRW78,838 million, down 27.6%. Paradise stated that the results were prepared on a consolidated Korean IFRS basis and could change following the external auditor’s review.
Paradise operates foreigner-only casinos at Walkerhill in Seoul, Busan, Jeju and Paradise City in Incheon. Paradise City is operated through a venture involving a unit of Sega Sammy Holdings. The group’s wider portfolio also includes hotels, integrated resorts and spa operations.
The company has listed its third-quarter earnings materials in its investor-relations archive, dated November 10. Its regular reporting calendar places third-quarter releases in November, followed by fourth-quarter results in February of the following year.
