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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.110 -0.015 (-12%)+
Announcement
Release
27 Feb 2026 8:27PM
Price at Release
$0.125
Full Release
download
Summary
The 1HFY26 Results Presentation for The Star Entertainment Group Limited reveals a challenging financial performance. Group revenue decreased by 10% to $584.9 million, primarily due to an 18% decline in gaming revenue. This decline is attributed to ongoing casino industry reforms, loss of market share, and the closure of the Treasury Brisbane Casino. Operating expenses reduced by 11.2% to $463.6 million. The statutory net profit after tax (NPAT) is reported as a loss of $109.7 million, a significant improvement from the previous year's loss of $301.9 million. The Group is also engaged in a refinancing process to manage its debt and liquidity issues. The Star Sydney's casino license remains suspended, while The Star Gold Coast and The Star Brisbane have deferred licensing changes. The company's remediation plan is progressing, with numerous milestones completed in areas such as risk management and compliance.
Key Points
  • Group revenue declined 10% to $584.9 million.
  • Gaming revenue decreased by 18%, impacting overall performance.
  • Operating expenses reduced by 11.2% to $463.6 million.
  • Statutory NPAT recorded a loss of $109.7 million.
  • The Star Sydney's casino license remains suspended.
  • The company is undergoing a refinancing process for debt management.
  • The remediation plan is advancing with significant milestone completions.
  • The economic environment and industry reforms heavily impacted financial results.
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.