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Sports Entertainment Group Limited (ASX:SEG)

ALERT: Price-sensitive ASX Announcement for SEG
Current share price for SEG : $0.340 0.09 (36%)+
Announcement
Release
26 Nov 2025 1:47PM
Price at Release
$0.250
Full Release
download
Summary
Sports Entertainment Group Limited (SEG) reported a robust start to FY26, with a 63% increase in underlying EBITDA and record revenue and EBITDA in September since the Pacific Star and Crocmedia merger. The company projects FY26 EBITDA growth of at least 20% over FY25, continued margin improvements, and a year-end cash position of $30m–$35m with senior bank debt of $11.5m. SEG is also progressing an accelerated exit from Perth Wildcats Basketball Pty Ltd through a structured sale plan. SEG will continue reviewing capital management options and expects to provide further updates later in the fiscal year.
Key Points
  • SEG reports a 63% growth in underlying EBITDA compared to the previous year.
  • September marked a record month for revenue and EBITDA since the 2018 merger.
  • FY26 EBITDA growth projected to be at least 20% over FY25.
  • Expectations for continued margin expansion through efficiencies.
  • Year-end cash projections of $30m–$35m and senior bank debt at $11.5m.
  • SEG is executing an accelerated exit plan from Perth Wildcats Basketball Pty Ltd.
  • Further updates on capital management options are expected later in the fiscal year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.