Sports Entertainment Group SEG has announced a significant uplift in H1 FY26 performance.
Revenue from continuing operations grew substantially, reaching $73.7 million.
The company’s underlying EBITDA from continuing operations saw a significant increase of 78% to $11.9 million, with adjusted underlying EBITDA (pre-AASB16) soaring 94% to $9.7 million.
Profit from continuing operations after tax stood at a solid $3.2 million, while the group also generated strong operating cash flow of $11.6 million.
This strong half-year showing has prompted an upgrade to its full-year FY26 EBITDA growth forecast, now expected to be at least 40%.
Perth Wildcats Divestment Boosts Cash
A key highlight was the completion of the Perth Wildcats divestment.
The final stages of the sale were completed on January 6, 2026, contributing a net cash inflow of $12 million to the group.
This divestment, alongside other asset sales, significantly enhanced liquidity, boosting cash and cash equivalents to $26.7 million.
In recognition of the proceeds from the sale, a special dividend of 3.0 cents per security was declared.
Upgraded FY26 Outlook
Following its strong half-year performance, SEG has upgraded its full-year FY26 EBITDA growth guidance to at least 40%.
This positive outlook is underpinned by the robust momentum observed in the first half and the ongoing success of strategic initiatives.
The revised guidance marks a significant increase from the company’s previous EBITDA growth expectations for FY26, as noted in the FY25 annual report.
Shareholder Returns and Balance Sheet
In a move to reward shareholders, SEG declared an interim dividend of 1.0 cent per security, in addition to the 3.0 cent special dividend related to the Perth Wildcats sale.
The company’s balance sheet reflects a healthy financial position, with a net cash position of $15.3 million after accounting for dividends, and senior bank debt reduced to $11.4 million.
Since FY25, total dividends paid by SEG amount to $19.6 million, with $16.0 million in debt repaid, demonstrating a commitment to capital returns and debt reduction.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.tradingview.com ’
