• Q3 FY26 revenue of $266 million, down 12% from Q2 FY26
• Q3 FY26 EBITDA loss of $1 million, a 96% improvement from Q3 FY25
• Completed first stage of JVP Transaction, exiting Destination Brisbane Consortium

The Star Entertainment Group Limited (ASX: SGR) released its unaudited quarterly activities report for the third quarter ended 31 March 2026. Q3 FY26 revenue was $266 million, down 12% compared to Q2 FY26, and the company reported an EBITDA loss of $1 million, a 96% improvement from the Q3 FY25 EBITDA loss of $24 million. The results reflect a seasonal softening in revenues and reduced levels of gaming visitation in Sydney. The company also announced the completion of the first stage of the JVP Transaction, exiting the Destination Brisbane Consortium Integrated Resort joint venture. The Star received a waiver of the 31 December 2025 covenant tests under its existing Senior Facility Agreement and has entered into a binding commitment letter with WhiteHawk to refinance the Group's debt. Cost out initiatives were initiated, including streamlining the corporate office, and further cost reductions are expected. The company's ability to continue as a going concern remains dependent on the outcome of numerous material uncertainties.