SKYCITY Entertainment Group Limited ( (SKYZF) ) has released its Q4 earnings. Here is a breakdown of the information SKYCITY Entertainment Group Limited presented to its investors.
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SkyCity Entertainment Group Limited is a prominent player in the gaming, entertainment, hotel, and tourism sectors, operating primarily in New Zealand and Australia. The company is listed on the New Zealand and Australian stock exchanges, offering a range of services including casinos, hotels, and online gaming platforms.
In the latest earnings report for the year ended 30 June 2025, SkyCity Entertainment Group Limited reported a revenue of NZ$821.3 million, a decrease from the previous year’s NZ$861.0 million. Despite the challenging economic environment, the company managed to achieve a profit of NZ$29.2 million, a significant improvement from the loss of NZ$143.3 million reported in the prior year.
Key financial highlights include an EBITDA of NZ$216.1 million, up from NZ$138.2 million in the previous year, indicating improved operational efficiency. The company also reported a profit before income tax of NZ$68.2 million, compared to NZ$30.1 million the previous year. However, the company faced challenges such as a decrease in gaming revenue and increased regulatory costs.
Looking forward, SkyCity’s management remains cautious due to ongoing economic challenges and regulatory requirements. The company plans to raise approximately NZ$240 million in equity to strengthen its balance sheet and support strategic initiatives, including the launch of regulated online casino gaming in New Zealand.
Overall, while SkyCity faces a challenging market environment, its strategic initiatives and financial restructuring efforts are aimed at ensuring long-term stability and growth.