SEG.ASX: SEG H1 FY25 Results Announcement

SEG H1 FY25 Results Announcement

Stock	Sports Entertainment Group Ltd (SEG.ASX)
Release Time	20 Feb 2025, 3:34 p.m.
Price Sensitive	Yes

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SEG Reports Strong H1 FY25 Results

Key Points

$29.2m Statutory Profit after Tax
Underlying EBITDA growth of 33.1% to $5m
Reset balance sheet position to net cash positive

Full Summary

Sports Entertainment Group Limited (SEG) has announced its financial results for the half-year ended 31 December 2024 (H1 FY25). H1 FY25 consolidated revenue from continuing operations was $57.5m, up 3.6%, and underlying EBITDA was $5.0m, up 33.1% on the prior corresponding period (pcp). The company's balance sheet has been reset, with SEG now in a net cash position of $0.5m as at 31 December 2024, compared to $23m net debt in the pcp. This was achieved through the sale of the Perth Wildcats and the loss-making NZ business. The company also declared a special dividend of 2 cents in October 2024, equating to the return of $5.5m to shareholders.

Guidance

Excluding the Perth Wildcats, SEG expects full year EBITDA from continuing operations to be stronger than recorded in the prior corresponding period.

Outlook

The company believes its suite of assets positions it well to be an active participant in beneficial media consolidation moves.