SkyCity Entertainment Group Limited (NS)

Overview

SkyCity Entertainment Group Limited is a leading entertainment and gaming business with a great brand and an iconic status as a New Zealand and Australian listed company. It operates monopoly casinos in New Zealand (Auckland, Hamilton and Queenstown) and Australia (Adelaide), alongside a variety of industry leading restaurants and bars, luxury hotels and convention centres.

Entertainment is the core business and SkyCity has a strong and enviable collection of assets, including some of the most significant major urban monopoly casino licences in New Zealand and Australia.

SkyCity is listed on NZX under the symbol of SKC since September 1995. It is also dual-listed on ASX since March 1999.

SKC has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to the nature of SKC's constitution which contains various provisions reflecting the gaming legislation in the jurisdictions in which SKC operates, including provisions regulating the transfer and voting rights of its Ordinary Shares. For further information, please see SKC's annual report.

Performance

The following information was extracted from SkyCity Entertainment Group Limited's full year results, released 20 August 2026:

SkyCity Entertainment Group Limited 2026 Full Year Result

Summary of full year to 30/6/26

Reported: Net Profit After Tax: $18.2m (-$11.0m) -37.6%, 1.8cps

Underlying: Net Profit After Tax: $38.0m (-$33.5m) -46.9%, 3.7cps

Name of Listed Issuer: SkyCity Entertainment Group Limited

CONSOLIDATED OPERATING STATEMENT

Current Full Year Period NZ$: Up/Down %: Previous Corresponding Period NZ$

REPORTED REVENUE FROM CONTINUING OPERATIONS

$878.9m: up 6.5%: $825.2m

TOTAL REPORTED REVENUE

878.9m: up 6.5%: $825.2m

REPORTED NET PROFIT FROM CONTINUING OPERATIONS

$18.2m: down 37.6%: $29.2m

TOTAL REPORTED NET PROFIT

$18.2m: down 37.6%: $29.2m

EARNINGS PER SHARE (REPORTED)

1.8cps: down from 3.9cps

UNDERLYING REVENUE

$822.7m: down 0.3%: $825.2m

UNDERLYING NET PROFIT

$38.0m: down 46.9%: $71.5m

EARNINGS PER SHARE (UNDERLYING)

3.7cps: down from 9.4cps

Operational and Regulatory Developments:

• Introduction of mandatory carded play across New Zealand casinos from July 2025 Continued investment in Anti-Money Laundering (AML) and Host - Responsibility capability
• Balance sheet and covenant headroom remained within policy settings

Financial Performance

Underlying EBITDA for 1H26 reflects the expected first-half earnings profile and the operational changes introduced during the period. Gaming revenue was affected by carded play in New Zealand, lower premium table volumes in Auckland and Adelaide, and VIP customer churn, partially offset by contributions from non-gaming businesses, including Food & Beverage and Hotels.