Malaysian gaming product distributor RGB International Bhd reported group-wide revenue of MYR94.9 million (US$22.4 million) for the three months to 30 June 2025, down 5% year-on-year but 29% higher than the March 2025 quarter.
In a filing, RGB explained that its 2Q25 results were driven by strength in the Sales and Marketing division (SSM), which saw revenue grow by 14% year-on-year to MYR77.5 million (US$18.3 million) due to a higher number of products sold and variation in product mix.
This was slightly offset by a 46% decline in revenue in the Technical Support and Management division (TSM) to MYR16.3 million (US$3.8 million), which the company said was “primarily attributable to weaker performance at several key outlets driven by adverse weather conditions, high jackpot payouts and the temporary closure of certain TSM outlets in the Poipet region in the current quarter”.
Poipet has been impacted by border closures related to ongoing political conflict between Cambodia and Thailand. Compared with the March 2025 quarter, TSM revenue was down by 28%.
Reduced profit in the TSM division was also behind a 21% decline in group-wide profit before tax to MYR16.1 million (US$3.8 million) in Q2. This was, however, some 27% higher than in Q1.
For the first six months of 2025 combined, RGB’s revenue is down 46% to MYR168.5 million and profit by 37% to MYR28.9 million (US$6.8 million).
In comments accompanying its 2Q25 results, RGB said it remains confident in its prospects, “bolstered by the promising market conditions, especially in key areas including the Philippines and Cambodia.
“The Philippine Amusement and Gaming Corporation (PAGCOR) has announced that the country’s Gross Gaming Revenue in 2025 is targeted to hit a record Php450 billion. Additionally, the Group is strategically expanding its presence in Cambodia.
“As a pivotal slot machine distributor and major player in the machine concession business in the region, the Group is well positioned to capitalize on this industry growth.
“The Group remains vigilant for emerging opportunities including prospect of new and upcoming markets. Barring unforeseen circumstances, the Group expects to achieve a satisfactory performance in 2025.”
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