• Underlying EBITDA grew 62% to $10.5m
• Net Cash position of $1.3m, with $19m in receivables from Perth Wildcats sale
• Paid $8.3m in dividends to shareholders over the last 12 months

Sports Entertainment Group Ltd (SEG) delivered a strong performance in FY25, with underlying EBITDA growing 62% to $10.5m. The company's revenue grew by $2.4m, driven by margin improvement and cost efficiencies. SEG is now in a net cash positive position of $1.3m, with a further $19m in receivables from the sale of the Perth Wildcats, $15m of which is due prior to June 2026. The group grew its net assets by 31% to $73.5m during the year and returned $8.3m to shareholders through dividends. SEG has also completed the acquisition of RSN and agreed terms to acquire Racing and Wagering Western Australia's audio assets, further strengthening its position in the racing media space. The company's CEO highlighted the unique selling proposition of SEG's 'whole-of-sport' content ecosystem, which spans radio, digital, social, print, and live events, providing partners with access to premium sporting content and a scalable audience. Looking ahead, SEG expects to see continued margin expansion through operational efficiencies and is forecasting double-digit EBITDA growth for FY26, with a strong start to the year already delivered.

SEG expects double-digit EBITDA growth for FY26, with the first four months of the year already delivering 63% underlying EBITDA growth compared to the prior year. The company expects to see continued margin expansion through operational efficiencies and forecasts a cash position of $30m-$35m by the end of FY26, with senior bank debt of $11.5m.

SEG believes its suite of assets positions the company well to be an active participant in beneficial media consolidation moves. The company is confident its assets are unique and of potential strategic value, and it is seeing significant investment interest in the sports media sector globally.