• Underlying EBITDA up 62% to $10.530m
• Significant cash flow generation, net cash position
• Completed sale of 52.5% stake in Perth Wildcats for $21m
• Acquired RSN broadcasting and digital assets for $3.25m

Sports Entertainment Group Ltd (SEG) reported a strong financial year in FY2025, with the company generating underlying Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) from continuing operations of $10.530m, up 62% on the prior year. This result was driven by modest revenue growth of 2% and significant improvements in margins and cost efficiencies. The company has spent the past 8 years building its assets and reach, and is now seeing the benefits of scale across Australia. SEG placed a strong focus on cash flow generation, with operating cash flow of $8.468m for the year, allowing the company to reduce senior bank debt from $24.045m to $13.701m. The company is now in a net cash position with $14.955m in cash on hand.In August 2024, SEG announced the staged sale of its 100% owned Perth Wildcats basketball team. Stage 1 of the sale, completed in August 2024, saw the company sell 52.5% of its shares for $21m. The remaining 47.5% stake is expected to be sold by 2028 for an additional $19m.On July 8, 2025, SEG announced the acquisition of RSN's broadcasting, audio and digital assets for $3.250m, payable over 3 years. This acquisition is expected to generate positive EBITDA from year 1 and deliver cost synergies.The strong financial performance has allowed SEG to commence dividend payments, with a final dividend of 1 cent per share declared on August 27, 2025, adding to the 2 cents per share paid in October 2024. Total dividends returned to shareholders in the last 12 months amounted to $8.323m.

SEG expects the majority of future revenue growth to be margin accretive as the company's cost base has been built to support increased scale. The company is in a strong financial position with a net cash balance and reduced senior bank debt.