Super Group (Sghc) Limited ( (SGHC) ) has released its Q4 earnings. Here is a breakdown of the information Super Group (Sghc) Limited presented to its investors.
Super Group (SGHC) Limited, a prominent player in the online sports betting and gaming industry, operates the popular Betway and Spin brands, providing a diverse range of gaming experiences across multiple jurisdictions. The company recently reported its financial results for the fourth quarter and full year of 2024, showcasing a record-breaking performance with a total revenue of approximately €1.7 billion, marking an 18% increase from the previous year. The fourth quarter alone saw the highest-ever revenue for that period, reaching €500 million.
Key financial highlights include a profit before tax of €188.8 million for the year and €96.8 million for the fourth quarter. The company’s non-GAAP Adjusted EBITDA ex-US exceeded expectations, reaching €391.1 million for the year and €128.8 million for the fourth quarter. Additionally, Super Group reported unrestricted cash reserves of €355.8 million as of December 31, 2024. In a strategic move to enhance shareholder value, the company announced an increase in its minimum quarterly dividend target to 4.0 cents per share, up from 2.5 cents.
Super Group’s CEO, Neal Menashe, expressed pride in the company’s achievements and highlighted a special dividend declared in December, contributing to a total shareholder return of over $125 million for 2024. The company plans to focus on key growth markets, maintaining a lean cost base, and allocating a significant marketing budget for strategic investments. CFO Alinda van Wyk noted the company’s best results to date, with ex-US revenue and Adjusted EBITDA reaching €1.663 billion and €391 million, respectively. The US operations saw a total investment of €61 million, which is expected to decrease significantly in 2025 due to a focus on iGaming.
Looking ahead, Super Group anticipates continued momentum into 2025, projecting double-digit growth in both Total Revenue and Adjusted EBITDA. The company is poised to capitalize on its strong market position and technological capabilities to drive further success in the coming year.