InvestSMART

The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.110 -0.015 (-12%)+
Announcement
Release
27 Feb 2026 8:26PM
Price at Release
$0.125
Full Release
download
Summary
The Star Entertainment Group Limited reported its unaudited results for the first half of the financial year 2026, ending 31 December 2025. The company faced challenging trading conditions, resulting in a normalised revenue of $584.9 million and an EBITDA loss of $7.6 million before significant items. The statutory net loss was $109.7 million, impacted by significant items amounting to $34 million. The company saw a 10% decline in total revenue compared to the previous year, with gaming revenue dropping by 9% due to regulatory changes. Liquidity remained a concern, with the company having $130 million in available cash as of the end of December 2025. The Star continued to work on various initiatives, including cost reduction and customer-focused strategies, to improve performance and liquidity. The group also faced ongoing material uncertainty regarding its ability to continue as a going concern, dependent on resolving key financial and regulatory issues.
Key Points
  • H1 FY26 normalised revenue of $584.9 million.
  • EBITDA loss before significant items of $7.6 million.
  • Statutory net loss of $109.7 million.
  • Significant items amounted to $34 million post-tax.
  • 10% decline in total revenue year-over-year.
  • Gaming revenue declined by 9% due to regulatory reforms.
  • Available cash of $130 million as of 31 December 2025.
  • Ongoing material uncertainty regarding going concern status.
  • Initiatives to improve performance focus on cost reduction and customer engagement.
  • Strategic investment with Bally’s Corporation and others, altering capital structure.
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.