Feb 27 (Reuters) - Star Entertainment Group Ltd SGR.AX:
H1 REVENUE AUD 585 MILLION
H1 NET INCOME AUD -76 MILLION
AS AT 31 DECEMBER 2025, STAR HAD AVAILABLE CASH OF A$130 MILLION
QUARTER ON QUARTER VOLUMES HAVE STABILISED, REFLECTING SEASONALLY STRONGER TRADING VOLUMES IN Q2 FY26
GROUP RECEIVED A WAIVER OF THE 31 DECEMBER 2025 COVENANT TESTS UNDER THE SFA
SOFT TRADING CONDITIONS AT STAR SYDNEY CONTINUED DURING JANUARY, WITH REVENUE 3% BELOW AVERAGE FOR Q2 AND 6% BELOW JANUARY 2025
WILL NEED TO DELIVER REFINANCING COMMITMENT LETTER BY 31 MAR 2026, EXECUTE REFINANCING OF SFA BY 15 MAY 2026, TO AVOID DEFAULT
EXECUTE A REFINANCING TO AVOID A DEFAULT UNDER TERMS OF ITS SFA
Further company coverage: SGR.AX
((Reuters.Briefs@thomsonreuters.com;))