SEG Reports 63% EBITDA Growth, Raises FY26 Guidance to 20%
Sports Entertainment Group Limited (SEG) reports a robust start to FY26 with a 63% jump in underlying EBITDA and advances its strategic exit from Perth Wildcats.
- 63% underlying EBITDA growth in first four months of FY26
- September marks highest revenue and EBITDA since 2018 merger
- FY26 EBITDA growth guidance raised to at least 20%
- Accelerated sale of Perth Wildcats shares underway
- Forecast year-end cash position between $30m and $35m
Strong Momentum in FY26
Sports Entertainment Group Limited (SEG) has kicked off the 2026 financial year with impressive momentum, reporting a 63% increase in underlying EBITDA for the first four months compared to the same period last year. This surge underscores the effectiveness of SEG’s 'whole of sport' strategy, which continues to drive growth across its diverse media and entertainment assets.
September stood out as a milestone month, delivering the highest revenue and EBITDA since the company’s 2018 merger with Pacific Star and Crocmedia. This performance signals a sustained upward trajectory and validates the company’s operational focus.
Upgraded Financial Outlook
Building on this strong start, SEG has updated its full-year guidance, now targeting at least 20% growth in EBITDA for FY26. The company also anticipates ongoing margin expansion driven by operational efficiencies, reflecting disciplined cost management and scaling benefits. Forecast cash reserves at year-end are projected between $30 million and $35 million, supported by contracted payments from Mark Arena Capital.
Strategic Exit from Perth Wildcats
In a significant capital management move, SEG is accelerating its exit from Perth Wildcats Basketball Pty Ltd. The company recently completed the second stage of this process, selling a further 16.9% stake for $6.5 million to MT Capital Investment Pty Ltd, reducing its holding to 30.6%. The next stages involve selling 26.2% for $10.1 million by the end of December 2025, and the remaining 4.4% for $1.9 million by March 2026.
These transactions include grace periods for payment with interest accruing, all scheduled to be completed by June 30, 2026. This phased divestment reflects a strategic shift to streamline SEG’s portfolio and strengthen its balance sheet.
Looking Ahead
SEG’s management continues to evaluate capital management options and has committed to providing further updates as the year progresses. With a solid financial foundation and clear strategic direction, the company appears well-positioned to capitalize on growth opportunities while managing risk.
Bottom Line?
SEG’s strong FY26 start and accelerated Perth Wildcats exit set the stage for a transformative year ahead.
Questions in the middle?
- How will SEG deploy proceeds from the Perth Wildcats share sales?
- What operational efficiencies are driving margin expansion?
- Could further asset sales or capital management moves be on the horizon?
