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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.095 -0.005 (-5%)+
Announcement
Release
29 Aug 2025 9:07AM
Price at Release
$0.100
Full Release
download
Summary
The Star Entertainment Group Limited reported its unaudited financial results for FY25, ending 30 June 2025. The Group experienced a challenging financial year with a statutory net loss of $471.5 million and a net revenue of $1,187.5 million. The results reflect significant regulatory changes, including mandatory carded play and cash limits at The Star Sydney, which impacted market share and trading conditions. The closure of the Treasury Brisbane Casino and partial contributions from The Star Brisbane during its phased opening also affected revenues. Despite a 29% drop in group revenue, the company achieved $100 million in annualized cost savings and accessed additional liquidity from various sources, including investments from strategic partners. The company continues to face material uncertainties related to financial viability, regulatory approvals, and market conditions.
Key Points
  • FY25 statutory net loss of $471.5 million.
  • Net revenue of $1,187.5 million.
  • 29% drop in group revenue compared to the prior year.
  • Closure of Treasury Brisbane Casino and partial contribution from The Star Brisbane.
  • Regulatory reforms impacted trading conditions and market share.
  • $100 million in annualized cost savings achieved.
  • Additional liquidity accessed from strategic investments and asset sales.
  • Material uncertainties about financial sustainability and regulatory approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.