SkyCity Entertainment Group Limited (NS) Ordinary Shares
SKC.NZXConsumer Discretionary
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.
Market Data
$0.500
+0.0%$551.5M
13.1x
$0.038
0.00%
-0.4%
Latest Earnings
Interim Results for the Six Months Ended 31 December 2025
19 February 2026
SkyCity reported a challenging H1 FY26 result with revenue declining 3.4% to $406.5M and EBITDA falling 36.3% to $72.1M, reflecting tough operating conditions. The company completed a $240M equity raise to strengthen its balance sheet and derecognized $32.5M of Australian tax losses due to extended recovery timeframes. The NZICC has achieved practical completion and will open in February 2026. Key points: NZICC achieved practical completion in November 2025 and will open on February 11, 2026; Successfully completed $240M equity raise to strengthen balance sheet and provide financial flexibility; Strong cash generation with $56.1M operating cash flow and improved cash position to $72.5M
Recent Announcements
Issue of Restricted Share Rights
SkyCity Entertainment Group Limited issued 1,847,003 restricted share rights (RSRs) to senior executives on 4 May 2026, with each RSR convertible to one ordinary share on 9 September 2028, subject to continuous employment and performance hurdles based on total shareholder return (60%) and transformation/risk targets (40%).
SPH Notice - New Zealand Superannuation Fund Nominees Ltd
New Zealand Superannuation Fund Nominees Ltd changed substantial holding from 4.526% to 5.748%.
Updated FY26 Guidance and Asset Monetisation Update
SkyCity Entertainment Group has lowered its FY26 guidance, expecting underlying EBITDA of $180-190 million (down from $190-210 million) due to macroeconomic headwinds affecting consumer spending, particularly impacting Auckland and Adelaide precincts since March 2026. The company is also pursuing asset monetisation, having entered a non-binding heads of agreement to sell the 99 Albert Street office building and Victoria Street properties, while seeking investor interest in The Grand Hotel.
Disclosure of Former Senior Manager’s Relevant Interests
Peter James Fredricson, former Chief Financial Officer of SkyCity Entertainment Group Limited, had 3,731,572 Retention Restricted Share Rights (RSRs) lapse on 2 March 2026 following his cessation of employment, reducing his RSR holdings to nil. He retains 173,751 RSRs convertible to ordinary shares under the 2024 Long Term Incentive Plan and 100,000 ordinary shares.
Notice of Proceedings - SkyCity Online
SkyCity Entertainment Group Limited has received notice of legal proceedings against SkyCity, SkyCity Auckland Holdings Limited, and Silvereye Entertainment Limited regarding the lawfulness of online gaming operations run by Silvereye on behalf of SkyCity Online, with claims for gambling losses between February 2020 and February 2026; SkyCity denies liability and will defend the proceedings.
Interim Results for the Six Months Ended 31 December 2025
SkyCity reported a challenging H1 FY26 result with revenue declining 3.4% to $406.5M and EBITDA falling 36.3% to $72.1M, reflecting tough operating conditions. The company completed a $240M equity raise to strengthen its balance sheet and derecognized $32.5M of Australian tax losses due to extended recovery timeframes. The NZICC has achieved practical completion and will open in February 2026. Key points: NZICC achieved practical completion in November 2025 and will open on February 11, 2026; Successfully completed $240M equity raise to strengthen balance sheet and provide financial flexibility; Strong cash generation with $56.1M operating cash flow and improved cash position to $72.5M
SkyCity Appoints Chief Financial Officer
SkyCity Entertainment Group Limited has appointed Blair Woodbury as Chief Financial Officer, effective 9 March 2026. Mr Woodbury joins from Devoli where he served as CFO since 2021, and previously held senior finance roles at New Zealand Post, McKinsey & Company, and PwC.
Half Year Results - 19 February 2026
Upcoming half year results expected 19 February 2026 (from NZX schedule)
FY26 Half Year Result Teleconference Details
SkyCity Entertainment Group Limited has announced the scheduling details for its FY26 Half Year Result, covering the 6-month period to 31 December 2025, to be released on Thursday 19 February 2026. This document is solely a logistical notice for an upcoming investor webcast and teleconference, with no financial results or metrics disclosed. No earnings data, guidance, or performance commentary is included in this release. Key points: FY26 Half Year results for the 6-month period to 31 December 2025 scheduled for release on 19 February 2026; Investor webcast and teleconference call scheduled for 11am NZ time (9am AEDT) on 19 February 2026; Management will present key information and provide an overview of strategic initiatives
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