BRIEF-Star Entertainment Posts H1 Net Loss AUD 76 Million

Reuters
Feb 27
BRIEF-<a href="https://laohu8.com/S/EHGRF">Star Entertainment</a> Posts H1 Net Loss AUD 76 Million

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;))

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