Reef Casino Trust ( (RCTUF) ) has released its Q2 earnings. Here is a breakdown of the information Reef Casino Trust presented to its investors.
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Reef Casino Trust is a managed investment scheme that owns and leases the Reef Hotel Casino complex in Cairns, Australia, primarily generating revenue through rental income from the casino and hotel operations. In the first half of 2025, the Trust reported a total revenue of $11.238 million, a slight decrease from the previous year, mainly due to increased operational costs and regulatory expenses. The Trust’s distributable profit fell to $3.300 million, resulting in a lower distribution of 6.63 cents per unit compared to 8.71 cents per unit last year. The Trust’s financial position remains stable with total assets of $100.957 million and an unused debt facility of $12.999 million. A significant development during the period was the execution of a Takeover Bid Implementation Agreement with Iris Cairns Property Pty Ltd, which could lead to a cash takeover bid for all units in the Trust. Looking ahead, the Trust anticipates continued challenges from regulatory changes and cost pressures but remains optimistic about potential growth in international tourism and increased visitation to the region.