Sports Entertainment Group delivers $18.2M EBITDA in FY26
- Sports Entertainment Group delivered a 73% increase in pre-AASB16 underlying EBITDA to $18.2 million for FY26.
- Operational growth and cash generation allowed the media business to reduce senior bank debt to $10 million while acquiring New Zealand audio network MediaWorks.
- Strong demand for live sports broadcasting and major upcoming event rights expected in Q1 FY27 underpins ongoing segment expansion.
Sports Entertainment Group (ASX:SEG) announced its full-year financial results for the period ended June 30, delivering an underlying EBITDA pre-AASB16 of $18.2 million.
The result represents a 73.2% increase from the $10.5 million pre-AASB16 underlying EBITDA reported in FY25.
Secondary financial details revealed that profit before tax fell 63% to $8.6 million, down from $23.3 million in the prior year, primarily due to discontinued operation proceeds in FY25.
The business generated $18.9 million in operating cash flows, allowing it to reduce senior bank debt to $10 million and build a cash reserve of $24.4 million as of June 30.
Management stated that Q1 FY27 is forecasted to be stronger than Q1 FY26 due to high demand for major sporting event broadcasts.
Following the announcement, the Sports Entertainment Group share price was down at $0.28.
The company leveraged its strengthening balance sheet to acquire MediaWorks, the largest audio business in New Zealand.
Media revenue for the group rose 14% across the year, outperforming flat broader market trends through long-term TV production and broadcast contracts.
