Sports Entertainment Group (ASX:SEG) announced a robust financial performance for the first half of the 2026 fiscal year, signaling a turnaround and a "tipping point" for its core operations.
The group reported an underlying EBITDA of $9.7 million, representing a 94% organic growth compared to the previous corresponding period.
The surge was underpinned by a 28% increase in group revenue, which reached $73.7 million.
The company’s statutory performance also saw a dramatic swing, moving from a $0.9 million loss in H1 FY25 to a $5.9 million profit before tax this half.
The momentum has allowed the board to reward shareholders with both a 1 cent per share fully franked interim dividend and a 3 cents per share special dividend.
SEG's balance sheet has been substantially strengthened following the disposal of the Perth Wildcats.
With $15.3 million in net cash as of Dec. 31, 2025 and an additional $12 million received in January, the group has reduced senior bank debt to $11.4 million.
At the time of reporting, Sports Entertainment Group's share price was $0.30.