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Star Entertainment Group Limited ( (AU:SGR) ) has provided an update.
The Star Entertainment Group reported unaudited second-quarter FY26 revenue of $301 million, up 6% on the previous quarter, and returned to a modest EBITDA profit of $6 million before significant items after an EBITDA loss in Q1, helped by stabilising but still historically weak trading in Sydney, stronger seasonal volumes on the Gold Coast, and recognition of a higher operator fee for The Star Brisbane. The quarter also reflected the impact of the proposed joint venture transaction to exit the Destination Brisbane Consortium and related asset disposals, which triggered recognition of $26 million in operator fee revenue for The Star Brisbane, as well as completion of $300 million in strategic equity investments by Bally’s Corporation and Investment Holdings, giving them stakes of about 38% and 23% respectively. Despite improved trading and available cash of $130 million at 31 December 2025, the company flagged continuing challenging operating conditions under stricter regulation, active refinancing negotiations ahead of a February covenant test that some metrics are not expected to meet, extension of DBC debt maturities to 31 March 2026, and reiterated that multiple unresolved issues, including the pending AUSTRAC judgment and refinancing outcome, continue to cast material uncertainty over its ability to remain a going concern.
The most recent analyst rating on (AU:SGR) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited is an Australian casino and integrated resorts operator, running major gaming, hotel and entertainment properties in Sydney, the Gold Coast and Brisbane, with a focus on domestic and international tourism and gaming markets. The group derives revenue from gaming operations, hospitality, and associated property interests within Australia’s regulated gambling industry.
Average Trading Volume: 9,312,715
Technical Sentiment Signal: Sell
Current Market Cap: A$1.09B
See more insights into SGR stock on TipRanks’ Stock Analysis page.