SkyCity Entertainment Group FY26 Annual Results
Key points
- Underlying Group revenue $822.7m, down 0.3%
- Underlying EBITDA $181.6m, down 22.3%
- Underlying NPAT $38.0m, down 46.9%
- Net debt $591m, net debt to EBITDA ratio 3.1x
- Asset monetisation expected to deliver $275-$300m
Full summary
SkyCity Entertainment Group Limited reported its results for the year ended 30 June 2026. The company saw underlying revenue of $822.7m, a 0.3% decrease from the prior period, and underlying EBITDA of $181.6m, down 22.3%. Underlying NPAT was $38.0m, a 46.9% decrease. Net debt stood at $591m with a net debt to EBITDA ratio of 3.1x. The asset monetisation program is expected to deliver gross proceeds of $275-$300m, with proceeds anticipated by December 2026. The company has also completed the rollout of carded play across all New Zealand casinos and opened the New Zealand International Convention Centre (NZICC). SkyCity is not providing FY27 earnings guidance due to macroeconomic uncertainty.
Guidance
Underlying EBITDA of $180m to $190m, underlying NPAT of $38.0m, net debt to EBITDA ratio below 2.0x by end of FY27
Outlook
SkyCity is not providing FY27 earnings guidance due to macroeconomic uncertainty. However, the company expects to achieve $30m in FY27 savings and is focusing on executing key priorities, returning to positive cash flow, and reinstating dividends.
Summary generated by a large language model. Please interpret with care.