Sunbet Revenue Soars 60.6% Surpassing Revenue Targets Again
Sun International delivers strong results, backed by record Sunbet showing
Sun International continues to demonstrate resilience and growth, with a strong showing in its latest set of financial results:
· Revenue Growth: Continuing income up 5.1% to R12.6 billion
· Profitability: Adjusted EBITDA increased 3% to R3.5 billion (27.9% margin)
· Sunbet Boom: Income soared 60.6% to R1.2 billion
· Shareholder Value: Adjusted headline earnings up 13% to R1.3 billion
· Dividends & Returns: Total cash dividend of 398 cents per share, up 13.4%
From urban casinos to Sunbet and Sun Slots, our omnichannel strategy is delivering results, while our resorts and hotels benefit from surging domestic and international tourism. With a solid balance sheet and strategic investments, we remain focused on sustainable growth and shareholder value.
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Sun International CEO, Anthony Leeming said: “Our omichannel approach has helped the group navigate the evolving gaming environment and with our significant growth in Sunbet we continue to see growth in our gaming revenue.
“Sun International, through its omnichannel strategy, will continue leveraging its strong brand and market presence to retain and expand its customer base. Our balance sheet remains robust, providing us with the financial flexibility to invest and to continue paying dividends at our targeted payout ratio. Through strategic planning, efficient capital allocation, cost management, and a focus on operational excellence, Sun International will sustain its growth trajectory and grow stakeholder value.”