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SkyCity Entertainment Group Limited (ASX:SKC)

ALERT: Price-sensitive ASX Announcement for SKC
Current share price for SKC : $0.525 -0.225 (-30%)+
Announcement
Release
19 Feb 2026 7:30AM
Price at Release
$0.750
Full Release
download
Summary
SkyCity Entertainment Group Limited reported a profit of $12.082 million for the six months ended 31 December 2025, with total revenue of $406.539 million. The company achieved an EBITDA of $72.085 million and EBIT of $22.206 million, despite net finance costs of $6.323 million. An equity raise of $240 million was completed, and deferred tax assets of $32.5 million were derecognised. The report highlighted no impairment was required for SkyCity Adelaide, with an enterprise value range of A$170.9 to A$213.8 million. The interim financial statements comply with NZ GAAP and IAS 34 standards.
Key Points
  • SkyCity Entertainment Group Limited reported a profit of $12.082 million for the six-month period ended 31 December 2025.
  • Revenue totaled $406.539 million, with gaming revenue contributing $279.814 million and non-gaming revenue $125.103 million.
  • EBITDA was recorded at $72.085 million, while EBIT was $22.206 million.
  • Net finance costs amounted to $6.323 million, leading to a profit before income tax of $15.883 million.
  • The company announced an equity raise of $240 million through a placement and entitlement offer.
  • Total comprehensive income for the period was $18.227 million.
  • Deferred tax assets of $32.5 million were derecognised due to the reassessment of capital needs.
  • SkyCity Adelaide's impairment assessment showed no impairment needed, with an enterprise value range of A$170.9 to A$213.8 million.
  • The interim financial statements were prepared under NZ GAAP and IAS 34, showing compliance with relevant standards.
  • The Group's financial outlook includes a focus on improving financial crime and host responsibility resources.
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.