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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.120 0 (0%)+
Announcement
Release
24 Jul 2026 6:07PM
Price at Release
$0.120
Full Release
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Summary
The Star Entertainment Group Limited released its quarterly cash flow report for the quarter ending 30 June 2026, highlighting the completion of a significant refinancing effort with a USD $390 million secured term loan from WhiteHawk Capital Partners, which increased available liquidity by approximately A$130 million. The report details the Group's cash position, with cash and cash equivalents amounting to $267 million and total cash and deposits at $368 million, including substantial restricted deposits. Operating cash flow for the quarter was positive at $31,765,000, although significant cash outflows were noted in investing activities due to ongoing capital expenditures. The Group's revenue for the quarter was $265 million, showing a slight decline from the previous year, with impacts on EBITDA particularly noted in The Star Sydney due to regulatory changes like mandatory carded play and cash limits.
Key Points
  • The Star Entertainment Group completed the refinancing of its debt with a USD $390 million secured term loan due May 2029 from WhiteHawk Capital Partners.
  • The Group increased its available liquidity by approximately A$130 million following the refinancing.
  • The Star Entertainment Group had cash and cash equivalents of $267 million as of 30 June 2026.
  • Total cash and cash deposits were $368 million, including restricted deposits of $101 million.
  • Net cash from operating activities for the quarter was $31,765,000.
  • Net cash from investing activities was negative $16,866,000, reflecting continued investment in property, plant, and equipment.
  • Net cash from financing activities was $123,991,000, with significant proceeds from borrowings and repayment of borrowings.
  • The Group reported a quarterly revenue of $265 million, with a slight decrease from the previous year.
  • Property EBITDA for The Star Sydney was significantly lower compared to the previous quarter and previous corresponding period (pcp).
  • Mandatory carded play and cash limits were implemented in The Star Sydney, impacting gaming revenues.
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.