RSS Star Entertainment Posts Negative EBITDA In Q2 - Quick Facts

[Crax Bot]

The Star Entertainment Group Limited reported a negative EBITDA of A$8 million for the second quarter, a stark contrast to the A$51 million EBITDA recorded in the same period the previous year. It is important to note that these results exclude significant items. Revenue for the period saw a year-over-year decrease, falling from A$438 million to A$299 million. As of December 31, 2024, available cash stood at A$78 million.

The Group is actively seeking additional liquidity solutions. While ongoing discussions are focused on a variety of potential solutions, the company acknowledges that there is no guarantee these talks will culminate in definitive agreements that would significantly bolster the Group's liquidity. Without securing one or more of these arrangements, there exists substantial uncertainty regarding the Group's ability to continue operations as a viable entity.

The material has been provided by InstaForex Company - www.instaforex.com

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