Sports Entertainment Group Limited (SEG), a sports and entertainment content company with a focus on radio, television, and events, today announced its financial results for the first half of fiscal year 2026, ending 31 December 2025. The company reported a substantial increase in underlying EBITDA, reaching $9.7 million, reflecting organic growth of 94%. Profit before tax stood at $5.9 million, and the company’s net cash position was $15.3 million as of the end of the period. SEG also confirmed the receipt of $12 million from the final tranche of the Perth Wildcats sale on 6 January 2026.
The company’s revenue increased by 28% to $73.7 million. The Complementary Services segment, particularly Events and TV Production, showed significant growth. TV Production revenue increased by $3.6 million (61%) compared to the prior corresponding period, while Events revenue increased by $3.3 million (32%). The Media segment also contributed, with revenue growing 11%, supported by live sports events such as the AFL/NRL finals series, Trade Radio, and Ashes cricket. This performance validates SEG’s ‘Whole of Sport’ strategy, capitalising on the strong consumption of sports content in Australia.
In light of the strong first-half performance and continued momentum, SEG has updated its EBITDA guidance for FY26. The company now anticipates EBITDA growth of at least 40%, an increase from the previously issued guidance of at least 20% growth. SEG has continued to invest in high-growth verticals aligned to its long-term strategy. On 1 September 2025, SEG successfully acquired and integrated RSN, launching SEN Goulburn Valley to unlock regional audiences’ passion for Sport and Racing.
The Board declared a fully franked ordinary interim dividend of 1.0 cent per share, along with a fully franked special dividend of 3.0 cents per share, returning a total of $11.2 million to shareholders. Following the payment of these dividends, SEG expects to remain in a net cash positive position of $9 million and anticipates generating further positive operating cash flow in the second half of FY26.
