Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

[SINGAPORE] Executive chairman and acting chief executive officer of Genting Singapore Lim Kok Thay received a total of S$7.5 million in remuneration for FY2025 ended Dec 31.

This included about S$3.6 million as salary, and around S$3.9 million as bonus, indicated the company’s annual report on Mar 24. Fee and other benefits amounted to S$60,272.

He was not granted any share awards for the financial year, according to the report.

Lim, 74, assumed his present role on Jun 1, 2025, after Tan Hee Teck, 70, retired as the CEO of the company on May 31.

Tan’s remuneration stood at S$12.1 million for FY2025. It comprised about S$2.7 million as salary; around S$9.4 million in other benefits; and S$12,146 in fees.

The number of share awards he was granted was nearly three million, with a value of about S$2.1 million.

Each of the independent non-executive directors were also granted 125,000 share awards under the performance share scheme during the year under review. This, however, excludes Helen Chen and Chong Kin Leong, who were appointed on Mar 1, 2026.

The annual report from Genting Singapore noted that directors’ fees were up to around S$2 million for all directors for FY2025.

Such fees will be up to S$2.3 million in FY2026, based on the anticipated number of directors as well as board and board committee meetings, and assuming full attendance by all the directors.

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Genting Singapore H2 profit falls 30% to S$155.6 million

Genting Singapore’s net profit for the full year ended Dec 31, 2025, stood at S$390.3 million, down about 33 per cent year on year from S$578.9 million.

Earnings per share for FY2025 declined to S$0.0323, from S$0.0479 in the previous financial year.

On top of the interim dividend of S$0.02 per share, total dividends for FY2025 amounted to S$0.04 per share – the same as in FY2024.

RWS 2.0 Project Advisory Committee

An advisory committee has been set up to oversee the expansion of Resorts World Sentosa (RWS), with effect from Jan 1 – as the development of its second phase is “on schedule”, said Lim.

Its members are Tan Wah Yeow, lead independent director at Genting Singapore, and Winston Hauw, independent non-executive director.

Hauw is the chairman of this committee, with his fee structure at S$50,000 in this role for FY2026; while Tan Wah Yeow has a fee structure of S$35,000 as a member of this committee for the same financial year.

This committee functions in a non-executive advisory capacity and does not exercise executive authority or assume management responsibilities, which remain with management, noted the annual report.

Some responsibilities of Hauw and Tan Wah Yeow – as part of this committee – include offering advice to the board regarding the strategic direction, programme scope and sequencing of major project phases within the RWS 2.0.

They are also expected to monitor construction progress and risk management – doing so by reviewing the key risks related to the RWS 2.0 development and recommending mitigating actions – and provide vendor selection frameworks and resourcing strategies.