• SEG to sell remaining 47.5% stake in Perth Wildcats in 3 stages by March 2026
• Total sale proceeds of $18.5m to be received
• SEG reports strong Q1 FY26 performance, on track for double-digit EBITDA growth

Sports Entertainment Group Limited (SEG) has entered into an agreement with MT Arena Capital Investment Pty Ltd (Mark Arena) to accelerate the staged exit of its ownership in Perth Wildcats Basketball Pty Ltd. Stage 1 of the sale agreement was completed in August 2024, with SEG selling 52.5% of its ownership interest for approximately $21m. The new variation agreement will see SEG sell the remaining 47.5% stake in the following stages:- Stage 2: 16.9% of remaining shares for $6.5m, scheduled for completion by 31 October 2025- Stage 3: 26.2% of remaining shares for $10.1m, scheduled for completion by 31 December 2025- Stage 4: Final 4.4% of the remaining shares for $1.9m, scheduled for completion by 31 March 2026In total, SEG is to receive $18.5m over the three remaining stages, with all payments to be made by 30 June 2026. The company's 30 June 2025 financial statements carried a $18.4m receivable in relation to this transaction.Separately, SEG reported a strong start to FY26, with first-quarter results ahead of the same period in the prior financial year. The company remains on track to deliver its previously issued guidance of double-digit EBITDA growth for the full year, underpinned by diversified revenue streams and ongoing operational efficiencies.

SEG remains on track to deliver double-digit EBITDA growth for the full FY26 year.