Lotte Tour Development said on the 19th it posted a net profit of 27.6 billion won last year, marking its first net profit since the opening of the Jeju Dream Tower integrated resort.
Lotte Tour Development said, "We had been unable to escape losses for a while due to large-scale development capital spending and the impact of the pandemic," adding, "However, as Jeju's international direct flights expanded, following the turnaround to an operating profit in 2024, we have now succeeded in turning to a net profit as well, and, backed by continued sales growth, we will be able to pursue greater revenue generation going forward."
Lotte Tour Development's revenue last year was 653.4 billion won, up 38.6% from the previous year (471.4 billion won), hitting a record high. Since the resumption of international direct routes, the average growth rate of sales over the past three years has reached about 153%, continuing a steep growth trend.
Profitability also improved rapidly. Operating profit came to 39 billion won in 2024, achieving the first turnaround to the black, and in 2025 it rose 267% from a year earlier to 143.3 billion won.
The core driver is the casino business. Dream Tower casino revenue was 476.6 billion won last year, up 61.8% from the previous year (294.6 billion won). By quarter, it posted 84.5 billion won in the first quarter, 110 billion won in the second, 139.3 billion won in the third and 142.7 billion won in the fourth, maintaining growth each quarter. The number of casino visitors rose 54.1% year over year to 590,332, and table drop also increased 62.2% to 2.4645 trillion won.
The hotel institutional sector also grew in tandem. The Grand Hyatt Jeju room occupancy rate rose from 58% in 2023 to 63.7% in 2024 and 78.5% in 2025, significantly improving operational stability.
Lotte Tour Development will ramp up its shareholder return policy based on improved results. L&T Entertainment, a subsidiary that operates the casino, plans to pay dividends totaling 110.94 billion won to Lotte Tour Development at the regular shareholders meeting on the 25th.
Lotte Tour Development will also put on the agenda at the regular shareholders meeting on the 27th a plan to offset deficits by converting 590.7 billion won of capital surplus out of 680.9 billion won into retained earnings. As a result, the deficit, which had reached 1.2242 trillion won, is expected to shrink to about 525.5 billion won.
In addition, it will create a basis for interim dividends by amending its articles of incorporation. The goal is to move beyond one dividend a year and expand shareholder returns in a timely manner when profits occur.
A Lotte Tour Development official said, "With this turnaround to a net profit proving the stable profit-generating capacity of the casino and resort businesses, we will actively respond to shareholder value enhancement policies such as the government's Corporate Value-up Program."