Australian casino & hospitality company The Star Entertainment Group has published its unaudited results for the fourth quarter of the fiscal year (the three-month period ended June 30, 2026). The company’s metrics show a narrowed EBITDA loss and a revenue figure consistent with the prior quarter.
The Star Entertainment’s EBITDA Loss Narrowed
The Star Entertainment Group’s report outlined Q4 revenue of AUD 265 million ($185.3 million), which is mostly in line with the figure reported in the prior quarter. The Q4 EBITDA loss, on the other hand, reached AUD 8 million ($5.6 million), marking a 70% reduction year-on-year. For comparison, the company’s Q4 EBITDA loss for the previous year was AUD 27 million ($18.9 million).
The Star attributed the narrowed EBITDA loss to the impact of its multiple cost-saving initiatives, as well as stabilized trading at The Star Sydney property, stronger volumes on the Gold Coast, and a lower operator fee for The Star Brisbane.
The company, which has been struggling for a few years, also outlined additional highlights, including the completion of the first phase of its exit from the DBC. This followed a binding long-form documentation signed by The Star and its Joint Venture Partners on August 12, 2025.
On May 7, The Star also announced that it had completed the refinancing of its debt with a $390 million secured term loan due May 2029 from WhiteHawk Capital Partners. After the refinancing was completed, the group’s available liquidity stood at AUD 130 million ($90.1 million). As of June 30, 2026, the group had AUD 267 million ($186.7 million) in available cash.
The Star Says There Are Still Some Uncertainties
The Star emphasized that its improvements in Q4 were thanks to the hard work of its new leadership team and the ongoing cost-cutting initiatives. The company added that other initiatives to reduce costs and supplier expenses continue to be explored to stabilize the company’s financial position.
At the same time, The Star noted that its ability to continue as a going concern remains dependent on the outcome of a limited number of material uncertainties, some of which are outside of its control.
The Star added that there are also several matters that could potentially impact The Star’s financial performance. The company concluded that there was no assurance that these matters would be resolved by the publication of its audited financial statements for the fiscal year.