Lim Kok Thay earns $5.9 million in 2025 as Genting Singapore navigates profit decline

Malaysian billionaire Lim Kok Thay received S$7.5 million (US$5.9 million) in total remuneration from Genting Singapore for 2025, even as the company reported a decline in earnings for the year.

According to the company’s latest annual report, Lim, who serves as executive chairman and took on the role of acting CEO in mid-2025, earned approximately S$3.6 million in salary and S$3.9 million in bonuses. An additional S$60,272 came from fees and other benefits. 

The compensation mix was weighted slightly toward performance-linked pay, with bonuses accounting for 51.9% of the total, compared to 47.4% for salary. He did not receive any share-based incentives during the year.

The 74-year-old stepped into the acting CEO role in June following the retirement of former chief executive Tan Hee Teck, marking a leadership transition at a time of financial pressure for the company.

For the financial year ended December 31, 2025, Genting Singapore reported a 3% decline in revenue to S$2.45 billion. Profitability saw sharper contractions, with adjusted EBITDA falling 15% to S$815.8 million and net profit dropping 33% to S$390.3 million.

The company, which operates the flagship Resorts World Sentosa, is part of the broader Genting Group, founded by Lim’s late father Lim Goh Tong. 

In its filing, the company also noted an increase in director fees, which totaled about S$2 million in 2025 and are projected to rise to S$2.3 million in the next financial year, based on expected board composition and meeting schedules.

Lim, ranked 14th on Forbes’ Malaysia rich list in 2025 with an estimated net worth of US$1.8 billion, continues to play a central role in steering the group through a challenging operating environment.