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Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025

Studio City (NYSE: MSC) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, on March 13, 2026.

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Studio City (NYSE: MSC) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, on March 13, 2026. The report, including audited consolidated financial statements, is available online and a free hard copy will be provided to shareholders and ADS holders upon request.

Shareholders can request the printed annual report through the company's investor relations website under the Document Request/Information Request sections.

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Positive

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Negative

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Argus Mar 13 session
-6.67% close to close Open Argus
Details

News Market Reaction – MSC

On Mar 13, the day this news came out, MSC closed 6.67% below the previous close.

Data tracked by StockTitan Argus for the Mar 13 session.

Market Context

On Mar 13, the day this news came out, the stock closed 6.7% below the previous close. A negative re...
Analysis

On Mar 13, the day this news came out, the stock closed 6.7% below the previous close. A negative reaction despite this routine Form 20-F filing would fit a pattern where regulatory updates and earnings-related disclosures have sometimes coincided with selling, even amid improving revenues. The filing reiterates a 2025 net loss of US$58.8 million and substantial debt of about US$2.03 billion, plus an indication that no cash dividends are expected in the foreseeable future. Those factors could reinforce balance sheet and income-statement concerns for shareholders.

Key Figures

Net loss 2025: US$58.8 million Outstanding debt: US$2.03 billion Total operating revenues 2025: US$694.6 million +5 more
Net loss 2025
US$58.8 million
Net loss attributable to shareholders, year ended Dec 31, 2025 (20-F/6-K)
Outstanding debt
US$2.03 billion
Outstanding indebtedness as of Dec 31, 2025 (20-F)
Total operating revenues 2025
US$694.6 million
Full-year 2025 total operating revenues (6-K Feb 13, 2026)
Adjusted EBITDA 2025
US$284.5 million
Full-year 2025 Adjusted EBITDA (6-K Feb 13, 2026)
Cash and bank balances
US$109.5 million
Cash and bank balances as of Dec 31, 2025 (6-K Feb 13, 2026)
Total debt, net
US$2.02 billion
Total debt, net as of Dec 31, 2025 (6-K Feb 13, 2026)
Class A shares
770,352,700
Class A ordinary shares outstanding (20-F)
Class B shares
72,511,760
Class B ordinary shares outstanding (20-F)

Historical Context

4 past events · Latest: Feb 12
4 events
  1. Feb 12

    Q4 2025 earnings

    24h Move
    +0.6%

    Reported Q4 and full-year 2025 revenue growth and higher Adjusted EBITDA despite net loss.

  2. Feb 05

    Earnings date notice

    24h Move
    +0.0%

    Announced timing for release of unaudited Q4 and full-year 2025 financial results.

  3. Nov 06

    Q3 2025 earnings

    24h Move
    -9.3%

    Detailed Q3 2025 revenue and EBITDA growth with narrower net loss versus prior year.

  4. Oct 30

    Earnings date notice

    24h Move
    -4.5%

    Set Q3 2025 earnings release date and reiterated standard forward-looking risk language.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

form 20-f, annual report, ads
3 terms
form 20-f regulatory
"announced that it filed its annual report on Form 20-F for the fiscal year"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
annual report financial
"it filed its annual report on Form 20-F for the fiscal year ended"
An annual report is a comprehensive, year-end document a publicly traded company issues that presents its financial statements, management’s discussion of results, business strategy, and key risks. Investors use it like a combined report card and roadmap to judge a company’s financial health, how it makes money, and whether its plans and risks are likely to raise or lower future value, helping inform buy, hold, or sell decisions.
ads financial
"to its shareholders and ADS holders upon request."
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MACAU, March 13, 2026 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025. The annual report can be accessed under the Annual Reports section on the Company’s investor relations website at https://ir.studiocity-macau.com/annual-reports.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests can be made through the Information Request section on the Company’s investor relations website at https://ir.studiocity-macau.com/document-request.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) changes in the gaming market and visitations in Macau, (ii) local and global economic conditions, (iii) capital and credit market volatility, (iv) our anticipated growth strategies, (v) risks associated with the implementation of the amended Macau gaming law by the Macau government, (vi) gaming authority and other governmental approvals and regulations, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

About Studio City International Holdings Limited

The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com.

The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO).

For the investment community, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: jeannykim@melco-resorts.com

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Where can investors access Studio City (MSC) Form 20-F for fiscal year ended December 31, 2025?

The Form 20-F is available online in the Annual Reports section of the investor relations website. According to Studio City, investors can download the report at https://ir.studiocity-macau.com/annual-reports or request a free hard copy via the Document Request page.

Can shareholders request a hard copy of Studio City (MSC) 2025 annual report and how?

Yes — shareholders and ADS holders can request a free hard copy of the 2025 annual report. According to Studio City, requests are made through the Information Request/Document Request section on the company's investor relations website.

What does Studio City's (MSC) 20-F filing for year ended December 31, 2025 include?

The filing includes the audited consolidated financial statements and standard 20-F disclosures. According to Studio City, the annual report contains audited consolidated financial statements and other required annual disclosures for fiscal 2025.

When was Studio City (MSC) filing of the annual report on Form 20-F announced?

Studio City announced the filing on March 13, 2026 for the fiscal year ended December 31, 2025. According to Studio City, the announcement confirms availability online and the option to request a free printed copy.

Does the Studio City (MSC) 20-F filing affect where investors find audited financial statements?

Yes — audited consolidated financial statements are included in the 20-F and accessible through the annual report online. According to Studio City, investors can view or request the audited statements via the investor relations annual reports and document request pages.

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