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Sports Entertainment Group Limited (ASX:SEG)

ALERT: Price-sensitive ASX Announcement for SEG
Current share price for SEG : $0.260 -0.02 (-7.14%)+
Announcement
Release
26 Aug 2026 10:18AM
Price at Release
$0.280
Full Release
download
Summary
The Sports Entertainment Group Limited's Annual Report for the financial year ending June 30, 2026, reflects a challenging year with a notable decline in profitability and equity despite an increase in total assets. The acquisition of RSN contributed to revenue, but overall profits fell drastically. The completion of the Perth Wildcats sale marked a significant strategic shift, while cash flows from investing activities remained strong. SEG managed to maintain substantial intangible assets, primarily through radio licenses and goodwill, despite financial pressures.
Key Points
  • Sports Entertainment Group Limited (SEG) reported a total revenue contribution of $3.060 million from the acquisition of 3UZ Pty Ltd (RSN) from 1 September 2025 to 30 June 2026.
  • SEG experienced a significant decline in profit attributable to owners, from $22,987,000 in 2025 to $1,840,000 in 2026.
  • The company’s total assets increased from $147,371,000 in 2025 to $150,742,000 in 2026.
  • SEG completed the sale of its Perth Wildcats stake in August 2024, with the final payments completed in early 2026.
  • The net cash provided by investing activities was $12,972,000 in 2026, primarily due to proceeds from sales and investments.
  • SEG’s total equity decreased from $73,514,000 in 2025 to $61,925,000 in 2026.
  • SEG had significant intangible assets, with radio licenses and goodwill being major components.
  • The financial year ended with a net increase in cash and cash equivalents, totaling $24,458,000.
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.