Key points
- Revenues from ordinary activities increased by 38.73% to $152,934k
- Underlying EBITDA from continuing operations increased by 63% to $22,525k
- Net profit after tax attributable to members decreased by 93% to $1,706k
- Acquisition of super netball license and Mediaworks NZ announced
- Strong operating cash flow generation of $18.957 million
Full summary
Sports Entertainment Group Limited (SEG) reported a strong financial performance for the year ended 30 June 2026. Revenues from ordinary activities increased by 38.73% to $152,934,000. Underlying EBITDA from continuing operations rose by 63% to $22,525,000, reflecting robust operational efficiency. However, net profit after tax attributable to members declined by 93% to $1,706,000 due to significant one-off expenses and gains recognized in the previous year. The company's financial position improved with cash balances increasing by $9.503 million and total borrowings reduced by $4.290 million. SEG also announced the acquisition of the super netball license and Mediaworks NZ, expected to strengthen its market presence and create growth opportunities. The transaction will be funded through existing cash reserves, equity raising, and a debt facility from the Commonwealth Bank of Australia.
Guidance
Underlying EBITDA from continuing operations expected to increase by 63% to $22,525k
Outlook
SEG is optimistic about future growth driven by the acquisition of the super netball license and Mediaworks NZ, with expectations of positive EBITDA from year 1.