SkyCity Entertainment Group (SKC)•HY26•Released 19 February 2026NPAT up 98% masks 43% PBT fall and Adelaide flipping to a $16m lossTax normalisation flattered headline NPAT while EBITDA fell 36.3% and Adelaide's segment result swung from a $2.8m profit to a $16.1m loss.Published 23 April 2026Read briefing→
SkyCity Entertainment Group (SKC)•FY25•Released 21 August 2025SkyCity operating cash flow fell 77.8% as conversion dropped to 20.9%Reported EBITDA rose 56.4% off a depressed prior period, but underlying EBITDA fell 15.9% and free cash flow stayed deeply negative.Published 23 April 2026Read briefing→
SkyCity Entertainment Group (SKC)•HY25•Released 20 February 2025Operating cash flow collapsed 97.8% as leverage rose to 5.2x EBITDAEBITDA rose 12.0% to $113.1m but cash conversion fell to 1.7%, net debt climbed to $589.5m, and the interim dividend was suspended.Published 23 April 2026Read briefing→
SkyCity Entertainment Group (SKC)•FY24•Released 22 August 2024PBT fell 41.8% as EBITDA dropped 16.7% on flat revenueOperating cost pressure and asset impairments drove a statutory loss, while capex intensity rose to 35.3% of revenue and net debt more than doubled.Published 23 April 2026Read briefing→
SkyCity Entertainment Group (SKC)•HY24•Released 22 February 2024Operating cash flow halved and Adelaide swung to a $30.5m lossHeadline PBT growth of 6.7% masks a 45% fall in operating cash, leverage climbing to 3.75x EBITDA, and a dividend set at 175% of NPAT.Published 23 April 2026Read briefing→
SkyCity Entertainment Group (SKC)•FY23•Released 23 August 2023Auckland's $177m segment recovery masked by Adelaide's $94m lossEBITDA rose 71% on Auckland's rebound, but the Adelaide casino licence impairment kept NPAT at $8.0m and lifted the effective tax rate to 84.6%.Published 22 April 2026Read briefing→