Sports Entertainment Group upgrades financial guidance to $18M
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- Sports Entertainment Group upgraded its full-year financial guidance for the 2026 financial year.
- The company expects underlying earnings before interest, taxes, depreciation, and amortisation to reach $18 million.
- Growth was driven by its media segment and revenue upside from the FIFA World Cup.
Sports Entertainment Group (ASX:SEG) has upgraded its financial year 2026 guidance with expected underlying earnings of $18 million.
The updated figure represents an increase from the previous guidance range of $15.5–$16.5 million announced in May.
The company stated that net cash is expected to reach at least $14 million by the end of the period.
Revenue growth in the media segment and results from the FIFA World Cup drove the fourth-quarter outperformance.
Following the announcement, the Sports Entertainment Group share price was up at $0.36.
The business reduced its senior debt facility from $11.5 million to $10 million.
The debt facility has been extended through to July 2028 and converted into a revolving structure for capital management.
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