Interim results for the six months ended 31 December 2024

HALFYR
Thu, Feb 20 2025 08:45 am

SkyCity Entertainment Group Limited 2025 Interim Result
Summary of six months to 31/12/24

Reported: Net Profit After Tax: $6.1m (-$16.5m) -73.1%, 0.8cps
Underlying: Net Profit After Tax: $37.8m (-$26.8m) -41.5%, 5.0cps
Name of Listed Issuer: SkyCity Entertainment Group Limited

CONSOLIDATED OPERATING STATEMENT
Current Interim Period NZ$: Up/Down %: Previous Corresponding Period NZ$

REPORTED REVENUE (excl GST) FROM CONTINUING OPERATIONS
$422.0m: down 5.2%: $445.2m
TOTAL REPORTED REVENUE (excl GST)
$422.0m: down 5.2%: $445.2m
REPORTED NET PROFIT FROM CONTINUING OPERATIONS
$6.1m: down 73.1%: $22.5m
TOTAL REPORTED NET PROFIT
$6.1m: down 73.1%: $22.5m
EARNINGS PER SHARE (REPORTED)
0.8cps: down from 3.0cps

UNDERLYING REVENUE (excl GST)
$422.0: down 4.7%: $442.8m
UNDERLYING NET PROFIT
$37.8m: down 41.5%: $64.5m
EARNINGS PER SHARE (UNDERLYING)
5.0cps: down from 8.5cps

INTERIM DISTRIBUTION
There will be no FY25 interim dividend paid

REVISED FY25 OUTLOOK
Revise previous FY25 Underlying Group EBITDA guidance to between
$225m and $245m (previously $245m and $265m)

HALF YEAR RESULT ANNOUNCEMENT
Refer Investor Presentation - attached


Announcement PDF


Markets News

Spark share collapse leads NZ sharemarket down
Markets Market Close

Spark share collapse leads NZ sharemarket down

The S&P/NZX 50 Index closed down 0.99% or 127.78 points.

Tom Raynel 21 Feb 2025
Markets

Spark valuation plummets $1 billion as profit crashes

Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...

Staff reporters 21 Feb 2025
Spark valuation plummets $1 billion as profit crashes
Markets

Genesis weathers a tough winter

Genesis took a $59m gas hit, but still made $70m profit.

Ian Llewellyn 21 Feb 2025
Genesis weathers a tough winter