Sports Entertainment Forecasts Underlying EBITDA to Rise 50% to 60% in Fiscal Year 2026, Shares Jump 7%

MT Newswires Live05-04 13:17

Sports Entertainment Group (ASX:SEG) expected underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) for fiscal 2026 to be in the range of AU$15.5 million to AU$16.5 million, jumping 50% to 60% from the prior corresponding period, according to a Monday Australian bourse filing.

It had previously forecast guidance of at least 40% EBITDA growth.

The guidance is based on trading for the nine months to March 31 and the group's forecast performance for the remaining three months of the fiscal year. It assumes no material deterioration in market or operating conditions for the remainder of the financial year.

Its shares jumped 7% in recent trading on Monday.

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