• Acquisition expected to increase SEG's EPS by 59% pre-synergies
• Deal valued at NZ$130 million, approximately A$107.4 million
• Expected to create a leading trans-Tasman audio group
• Completion targeted for October 1, 2026
• Acquisition to be funded by cash reserves and a new debt facility

Sports Entertainment Group Limited (SEG) has announced its agreement to acquire 100% of MediaWorks Topco Limited, New Zealand's leading audio business, for an enterprise value of NZ$130 million. The acquisition is expected to be materially accretive to SEG's earnings per share, increasing by 59% on a pre-synergies basis. The acquisition is expected to create a leading trans-Tasman audio, digital, and entertainment group with a combined weekly audience exceeding 5 million listeners across Australia and New Zealand. The acquisition will be funded via a combination of existing cash reserves and a new $87.6 million senior debt facility from the Commonwealth Bank of Australia. The acquisition is expected to close on October 1, 2026, subject to customary conditions.

NZ$130 million acquisition of MediaWorks expected to increase SEG's EPS by 59% pre-synergies

The acquisition is expected to create a leading trans-Tasman audio, digital, and entertainment group with a combined weekly audience exceeding 5 million listeners across Australia and New Zealand.