Top Page
Reef Casino
(Sydney:RCT)
Reef Casino (RCT) vs. iShares MSCI Australia ETF (EWA)
Reef Casino Business Overview & Revenue Model
Reef Casino Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.24M | 25.93M | 30.51M | 26.86M | 15.66M |
| Gross Profit | 16.80M | 17.33M | 22.92M | 19.16M | 8.43M |
| EBITDA | 15.34M | 15.71M | 22.64M | 19.61M | 8.99M |
| Net Income | 5.08M | 5.37M | 8.99M | 7.36M | -209.00K |
Balance Sheet | |||||
| Total Assets | 101.13M | 102.55M | 107.36M | 104.44M | 100.29M |
| Cash, Cash Equivalents and Short-Term Investments | 3.19M | 7.34M | 13.74M | 9.62M | 4.08M |
| Total Debt | 1.00K | 85.16M | 85.45M | 85.55M | 85.25M |
| Total Liabilities | 89.78M | 91.04M | 93.12M | 91.61M | 91.48M |
| Stockholders Equity | 11.35M | 11.51M | 14.23M | 12.83M | 8.80M |
Cash Flow | |||||
| Free Cash Flow | 6.38M | 10.04M | 19.40M | 16.61M | 6.77M |
| Operating Cash Flow | 14.57M | 16.75M | 22.37M | 19.78M | 8.40M |
| Investing Cash Flow | -8.18M | -6.71M | -2.97M | -3.17M | -1.63M |
| Financing Cash Flow | -10.54M | -16.45M | -15.27M | -11.07M | -5.65M |
Reef Casino Technical Analysis
Reef Casino Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $150.40M | 14.79 | 45.08% | 4.37% | -2.89% | -5.33% | |
63 Neutral | $16.62B | 10.98 | -6.98% | 2.96% | 1.73% | -24.23% | |
| $243.80M | ― | -127.99% | ― | ― | ― | ||
| $1.15B | ― | -42.74% | 2.54% | ― | ― | ||
| $75.48M | ― | -36.49% | ― | ― | ― | ||
79 Outperform | AU$53.07M | 1.36 | 26.04% | ― | 23.66% | 589.13% | |
40 Underperform | AU$271.76M | ― | -99.47% | ― | 76.49% | -75.29% |
Reef Casino Corporate Events
Reef Casino Trust has announced an estimated distribution of 6.60 cents per unit, totaling approximately $3.30 million, for the first half of 2025. This reflects the Trust’s policy of distributing all distributable profits, with the final decision to be made in August after the approval of audited results. The estimated net profit for the period is around $1.65 million after accounting for distributions treated as finance costs.
Reef Casino Trust has announced a new distribution of AUD 0.066 per ordinary unit, with the ex-date set for June 27, 2025, and the payment date scheduled for September 10, 2025. This announcement reflects the company’s financial performance over the six-month period ending June 30, 2025, and may impact investor returns and market positioning.
During the 2025 Annual General Meeting, Reef Casino Trust announced several board changes, including the appointment of a new Chair and other key positions. The Trust reported a stable financial performance for 2024, with total revenue of $25.5 million, primarily from rental income, despite higher operational costs. The Trust declared a total distribution of 20.42 cents per unit for 2024, reflecting its strong financial health and commitment to returning profits to unitholders. Additionally, the Trust renegotiated its loan facility, maintained a healthy balance sheet, and invested in capital expenditures to enhance its offerings and ensure sustainable operations.
Reef Casino Trust has announced an estimated distributable profit for the first half of 2025 ranging between $3.2 million and $3.8 million, a decrease from the $4.336 million reported in the same period of 2024. This decline is attributed to increased regulatory and compliance costs, as well as expenses related to a potential control transaction. Despite these challenges, the Trust has maintained comparable revenues to the previous year and anticipates continued profitability through May. A further announcement regarding unit distribution is expected in June.
Reef Corporate Services Limited, as the responsible entity of Reef Casino Trust, is engaged in ongoing negotiations with Iris Hotel Group and Morris Group regarding potential acquisitions of the Reef Hotel Casino. These discussions involve non-binding proposals exceeding A$200 million, although the allocation to the units in Reef Casino Trust is less than A$200 million. The negotiations are confidential and incomplete, with no certainty of a transaction being finalized, and any potential deal would require regulatory approvals.
Reef Casino Trust has announced its 2025 Annual General Meeting, scheduled for May 23, 2025, at the Reef Hotel Casino in Cairns. Unitholders are invited to attend in person, with special offers available for dining and accommodation. No resolutions requiring a vote will be presented, and alternative arrangements will be communicated if necessary.