• Forecast EBITDA1 from continuing operations upgraded to $9m - $10m
• FY25 EBITDA growth of at least 40% over FY24
• Expects to report a positive net cash2 position

Sports Entertainment Group Limited (SEG) is pleased to provide financial guidance for FY25 and an update on strategic initiatives. The company has upgraded its forecast EBITDA1 from continuing operations to a range of $9m - $10m, up from $6.5m in FY24, representing growth of at least 40%. SEG expects to report a positive net cash2 position, despite the $5.5m Special Dividend paid in October 2024. The company's 'Complementary Services' business units have generated material EBITDA growth, benefiting from a 'whole of sport' strategy, and EBITDA has also been positively impacted by strong cost governance. During FY25, SEG delivered on several key strategic initiatives, including commencing production of Channel 7's flagship football shows, commissioning a second TV studio space, successfully tendering for the TV production rights of Harness Racing Victoria, launching a new website and app with upgraded tipping and wagering platform and game functionality, divesting its NZ sports teams and the Perth Wildcats, and resetting the cost base. As a result, SEG expects to again deliver double-digit EBITDA % growth in FY26.

Forecast EBITDA1 from continuing operations has been upgraded to a range of $9m - $10m, representing FY25 EBITDA growth of at least 40% over FY24.

SEG expects to again deliver double-digit EBITDA % growth in FY26, driven by the successful implementation of its strategic initiatives during FY25.