STOCK TITAN

Record Q2 2026 results lift outlook at Super Group (NYSE: SGHC)

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Super Group (SGHC) reported record second quarter 2026 results, with revenue of $684 million, up 18% from $579 million a year earlier. The business swung to profit of $123 million from a $3 million loss, and Adjusted EBITDA increased 30% to $204 million, yielding a 30% margin. Monthly Active Customers grew 13% to 6.2 million.

Cash and cash equivalents reached $548 million as of June 30 2026, supported by $248 million of operating cash inflows in the half, while $218 million was returned to shareholders over the last 12 months. Management raised 2026 guidance to more than $2.6 billion in Total Revenue and over $710 million in Adjusted EBITDA, citing strong performance across Africa and international markets and a new Betway partnership with Manchester United.

Positive

  • Revenue grew 18% to $684 million in Q2 2026 from $579 million in Q2 2025, setting a new quarterly record driven by growth in Africa, Europe and Rest of World.
  • The company moved from a prior $3 million quarterly loss to $123 million profit in Q2 2026, reflecting a sharp improvement from 2025 when results were impacted by impairments and onerous contracts.
  • Adjusted EBITDA rose 30% to $204 million in Q2 2026 from $157 million, with margin expanding to 30%, and management highlighted record profitability and cash generation.
  • Super Group ended June 30 2026 with $548 million in cash after generating $248 million operating cash inflow in the half and returning $218 million to shareholders over 12 months.
  • Full‑year 2026 guidance was raised to greater than $2.6 billion in Total Revenue $2.55 billion) and greater than $710 million in Adjusted EBITDA $680 million).
  • Monthly Active Customers increased 13% to 6.2 million in Q2 2026 from 5.5 million, indicating expansion of the customer base alongside revenue and profit growth.

Negative

  • None.

Filing Explained

At June 30, cash was $548 million after $177 million of half-year dividends and $25 million of borrowing proceeds.

As a Form 6-K, this filing furnishes material interim information from a foreign private issuer; here, Super Group reports unaudited second-quarter and six-month 2026 results. The disclosed holder-relevant mechanics are completed cash distributions, new borrowing proceeds, and no reported equity issuance in these statements.

At June 30, 2026, cash and cash equivalents were $548 million, while the six-month cash-flow statement shows $177 million of dividends paid to parent equity holders and $25 million of proceeds from interest-bearing borrowings. The dividend is a cash outflow to holders; the borrowing is debt financing rather than new common equity.

Viewed together, the filing shows cash remaining above its year-end level despite the recorded dividend payment and financing outflow, while the balance sheet also records higher liabilities and equity at the reporting date.

The filing identifies future dividend timing as forward-looking; the $177 million disclosed here is a historical six-month payment, not a stated commitment to another amount.

Q2 2026 Revenue $684 million Revenue for the three months ended June 30, 2026
Q2 2026 Profit $123 million Profit for the period in the second quarter of 2026 versus $3 million loss in 2025
Q2 2026 Adjusted EBITDA $204 million Adjusted EBITDA for the three months ended June 30, 2026; 30% margin
Monthly Active Customers 6.2 million Monthly Active Customers in Q2 2026, up 13% from 5.5 million
Cash and Cash Equivalents $548 million Cash and cash equivalents as of June 30, 2026 compared to $513 million at December 31, 2025
Operating Cash Inflows $248 million Net cash flows from operating activities for the six months ended June 30, 2026
2026 Total Revenue Guidance greater than $2.6 billion Updated full-year 2026 Total Revenue guidance
2026 Adjusted EBITDA Guidance greater than $710 million Updated full-year 2026 Adjusted EBITDA guidance
Adjusted EBITDA financial
"Adjusted EBITDA increased by 30% to $204 million for the second quarter of 2026"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial measures financial
"This press release includes non-GAAP financial information not presented in accordance with IFRS"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
IFRS 15 ‘Revenue from Contracts with Customers’ financial
"Sports betting and online casino revenues are not within the scope of IFRS 15 ‘Revenue from Contracts with Customers’"
earnout liability financial
"Change in fair value of earnout liability | (5) | | — | | (5) | | — |"
A future payment a buyer has agreed to make after an acquisition if the purchased business hits certain performance targets; it is recorded as a liability because it may become an obligation. Investors care because it affects a company's reported debt and potential cash outflows—similar to promising a bonus if a car you bought later reaches a set mileage, it shifts risk and can change valuation and earnings depending on whether the targets are met.
customer liabilities financial
"Customer liabilities | | 62 | | | 72 |"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How much revenue did Super Group (SGHC) generate in Q2 2026 and what was the growth rate?

Super Group generated $684 million in revenue in Q2 2026, an 18% increase from $579 million in Q2 2025. Growth was driven by Africa, Europe and Rest of World, contributing to record quarterly performance across revenue, Adjusted EBITDA, deposits and wagering.

What were Super Group (SGHC) profits and margins for Q2 2026 compared to 2025?

Super Group reported profit of $123 million in Q2 2026 versus a $3 million loss in Q2 2025. Adjusted EBITDA reached $204 million with a 30% margin, up from $157 million, reflecting higher profitability and the absence of prior‑year impairment and onerous contract charges.

What full-year 2026 guidance did Super Group (SGHC) provide for revenue and Adjusted EBITDA?

Management raised 2026 guidance to greater than $2.6 billion in Total Revenue and more than $710 million in Adjusted EBITDA. This compares with prior guidance of greater than $2.55 billion revenue and more than $680 million Adjusted EBITDA, reflecting confidence in ongoing operational performance.

What was Super Group (SGHC)'s cash position and cash flow performance in 2026 so far?

As of June 30 2026, Super Group held $548 million in cash and cash equivalents, up from $513 million at December 31 2025. Net cash inflows from operating activities were $248 million, while investing and financing activities used $58 million and $157 million respectively in the half year.

How did customer and segment metrics evolve for Super Group (SGHC) in Q2 2026?

Monthly Active Customers increased 13% to 6.2 million in Q2 2026 from 5.5 million a year earlier. Africa revenue reached $310 million and International revenue $368 million, together making up all Total Reportable Segment Revenue of $678 million before brand license fees.

What is Adjusted EBITDA for Super Group (SGHC) and how did it change in Q2 2026?

Adjusted EBITDA is EBITDA adjusted for items such as unrealized foreign exchange, RSU expense and other adjustments. In Q2 2026, Super Group’s Adjusted EBITDA increased to $204 million from $157 million in Q2 2025, with management describing record profitability and cash generation.

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number: 001-41253
 
 
Super Group (SGHC) Limited
(Translation of registrant’s name into English)
 
 
Super Group (SGHC) Limited
Bordeaux Court, Les Echelons
St. Peter Port, Guernsey, GY1 1AR
Telephone: +44 (0) 14 8182-2939
(Address of Principal Executive Offices)
 
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F  ☒            Form 40-F  ☐
 
 



CONTENTS
On August 4, 2026, Super Group (SGHC) Limited issued a press release announcing its financial results for the second quarter of 2026.
A copy of the press release, which includes an an unaudited statement of financial position as at June 30, 2026 and December 31, 2025, an unaudited consolidated statement of profit or loss and other comprehensive income for the three and six months ended June 30, 2026 and 2025, an unaudited statement of cash flows for the six months ended June 30, 2026 and twelve months ended December 31, 2025 , is attached hereto as Exhibit 99.1.





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
SUPER GROUP (SGHC) LIMITED
Date: August 4, 2026
By:
/s/ Robert James Dutnall
Name:
Robert James Dutnall
Title:
Authorized Signatory





EXHIBIT INDEX
 
Exhibit No.
  
Description
99.1
  
Press Release, dated August 4, 2026.

Exhibit 99.1




image_0.jpg
Super Group Reports Financial Results for Second Quarter of 2026

 
Revenue of $684 million for the second quarter of 2026
 
Profit for the period of $123 million for the second quarter of 2026
 
Non-GAAP Adjusted EBITDA of $204 million for the second quarter of 2026
 
Cash and cash equivalents of $548 million as at June 30, 2026
 
Raising FY2026 guidance: Total Revenue >$2.6 billion and Adjusted EBITDA >$710 million

New York, NY – August 4, 2026 – Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC”, the "Company" or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced its second quarter 2026 unaudited consolidated financial results.
Neal Menashe, Chief Executive Officer of Super Group, commented: “The second quarter generated record performance across Super Group, marking all-time highs in Revenue, Adjusted EBITDA, deposits and wagering. While we maximized the commercial boost from the FIFA World Cup, these results once again demonstrate the core strength of our casino-led, diversified business model, disciplined execution, and highly durable customer base. In tandem with this momentum, we secured Betway's landmark partnership with Manchester United, further strengthening our global presence and growth ambitions. As we continue to invest in our brands, products, and technology, we remain confident in our ability to compound value for our shareholders.”
Alinda van Wyk, Chief Financial Officer of Super Group, stated: “The quality of our business continues to be demonstrated in our financial performance, as we delivered another quarter of record revenue, profitability and cash generation. Revenue reached $684 million, an increase of 18% compared to the same period last year. Adjusted EBITDA increased 30% to $204 million with margin expanding to 30%. We ended the quarter with $548 million in cash, even after returning $25 million to shareholders during the quarter. Reflecting our confidence in the business, we are raising our full-year 2026 guidance to be greater than $2.6 billion of Total Revenue and more than $710 million of Adjusted EBITDA. This underscores our strong operational performance, disciplined market expansion, and the inherent leverage of our platform."
Financial Highlights:
Revenue for the Group increased by 18% to $684 million for the second quarter of 2026 from $579 million in the same period of the prior year, driven by growth from Africa, Europe and Rest of World.
Profit for the period was $123 million for the second quarter of 2026. In comparison, loss for the period for the second quarter of 2025 was $3 million and included a non-cash charge of $63.9 million related to the impairment of Digital Gaming Corporation Limited ("DGC") iGaming related assets and $22.6 million relating to onerous contracts.
Adjusted EBITDA, a non-GAAP financial measure, increased by 30% to $204 million for the second quarter of 2026 compared to $157 million in the second quarter of 2025.
Monthly Active Customers increased by 13% to 6.2 million for the second quarter of 2026, compared to 5.5 million in the second quarter of 2025.
1



Cash and cash equivalents were $548 million as of June 30, 2026 compared to $513 million at December 31, 2025.
Inflows from operating activities of $248 million.
Outflows from investing activities of $58 million. An amount of $28 million (€24 million) was paid on March 31, 2026 in respect of the Apricot sportsbook acquisition. The Group owns the software from February 28, 2026, following the receipt of the final regulatory approvals in February 2026. The remaining outflows relate to the capitalization of costs relating to internally developed intangible assets as well as cash extended for financial assets.
Outflows from financing activities of $157 million, mainly due to payment of dividends of $177 million during the half year ended June 30, 2026 ,bringing the 12-month capital returns to $218 million. This was partially offset by proceeds of $25 million from a drawdown on the revolving credit facility during Q1 2026.
A gain of $2 million as a result of foreign currency fluctuations on foreign cash balances held over this period.
Guidance:
Super Group is raising its full-year 2026 Total Revenue and Adjusted EBITDA guidance.
Total Revenue is now expected to be greater than $2.6 billion, increasing from prior guidance of greater than $2.55 billion.
Adjusted EBITDA is now expected to be greater than $710 million, increasing from prior guidance of greater than $680 million.


Revenue by product line in $ millions:
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Africa
iGaming1
202 
156 
391 
290 
Sportsbook1
108 
72 
186 
138 
Africa Segment Revenue
310 
228 
577 
429 
International
iGaming1
325 
299 
624 
569 
Sportsbook1
42 
44 
80 
84 
Other2
International Segment Revenue
368 
344 
707 
655 
Total Reportable Segment Revenue3
678 
572 
1,284 
1,084 
1 Sports betting and online casino revenues are not within the scope of IFRS 15 ‘Revenue from Contracts with Customers’ and are treated as derivatives under IFRS 9 ‘Financial Instruments’.
2 Other relates to profit share.
3 Total reportable segment revenue excludes revenue relating to brand license fees amounting to $6 million (2025: $8 million) that cannot be allocated to a reportable segment.
Totals may not sum due to rounding
2



Revenue by Geographical Region in $ millions:
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Africa
310
228
577
429
International
368
344
707
655
America
200
204
395
390
Europe
132
108
245
204
Rest of World
36
32
67
61
Total Reportable Segment Revenue1
678
572
1,284
1,084
%
%
%
%
Africa
46 
%
40 
%
45 
%
40 
%
International
54 
%
60 
%
55 
%
60 
%
America
29 
%
36 
%
31 
%
36 
%
Europe
19 
%
19 
%
19 
%
19 
%
Rest of World
%
%
%
%
1 Total reportable segment revenue excludes revenue relating to brand license fees amounting to $6 million (2025: $8 million) that cannot be allocated to a reportable segment.
Totals may not sum due to rounding
Non-GAAP Financial Information
This press release includes non-GAAP financial information not presented in accordance with the International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board.
Adjusted EBITDA is a non-GAAP company-specific performance measures that Super Group ("the Group") uses to supplement the Company’s results presented in accordance with IFRS. EBITDA is defined as profit before depreciation, amortization, finance income, finance expense and income tax expense. Adjusted EBITDA is EBITDA adjusted for unrealized foreign exchange, RSU expense and other adjustments.
Super Group believes that these non-GAAP measures are useful in evaluating the Group's operating performance as they provide additional perspective on the financial performance of the Group's core business, are similar to measures reported by the Company’s public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects.
Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by IFRS to be recorded in Super Group’s financial statements. In order to compensate for these limitations, management presents non-GAAP financial measures together with IFRS results. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with IFRS, but should not be considered a substitute for, or superior to, IFRS results.
Reconciliation tables of the most comparable IFRS financial measure to the non-GAAP financial measures used in this press release, and supplemental materials are included below. Super Group urges investors to review the reconciliation and not to rely on any single financial measure to evaluate its business. In addition, other companies, including companies in our industry, may calculate similarly named non-GAAP measures differently than we do, which limits their usefulness in comparing our financial results with theirs.
3



Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.

These forward-looking statements include, but are not limited to, Super Group’s intention to pay a dividend, including the expected timing of such dividend, expectations and projections of market opportunity, growth and profitability.

These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “pipeline,” “possible,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the ability to implement business plans, forecasts and other expectations, and identify and realize additional opportunities; (ii) changes in the competitive and regulated industries in which Super Group operates; (iii) variations in operating performance across competitors; (iv) changes in laws and regulations affecting Super Group’s business; (v) Super Group’s inability to meet or exceed its financial projections; (vi) changes in general economic conditions; (vii) changes in domestic and foreign business, market, financial, political and legal conditions, including abrupt or unexpected changes in interest rates or increases in inflation or inflationary expectations and reductions in discretionary consumer spending; (viii) the ability of Super Group’s customers to deposit funds in order to participate in Super Group’s gaming products; (ix) Super Group’s ability, and the ability of Super Group’s key executives, certain employees, significant shareholders or other applicable individuals, to comply with regulatory requirements or successfully obtain a license or permit required in a particular regulated jurisdiction, or maintain, renew or expand existing licenses; (x) the effectiveness of technological solutions Super Group has in place to block customers in certain jurisdictions, including jurisdictions where Super Group’s business is illegal, or which are sanctioned by countries in which Super Group operates from accessing its offerings; (xi) Super Group’s ability to restrict and manage betting limits at the individual customer level based on individual customer profiles and risk level to the enterprise; (xii) Super Group’s ability to protect or enforce its intellectual property rights, the confidentiality of its trade secrets and confidential information, or the costs involved in protecting or enforcing Super Group’s intellectual property rights and confidential information, and Super Group’s ability to obtain new licenses and maintain, renew or expand existing licenses to use the intellectual property of third parties; (xiii) compliance with applicable data protection and privacy laws in Super Group’s collection, storage and use, including sharing and international transfers, of personal data; (xiv) failures, errors, defects or disruptions in Super Group’s information technology and other systems and platforms; (xv) Super Group’s ability to develop new products, services, and solutions, bring them to market in a timely manner, and make enhancements to its platform; (xvi) Super Group’s ability to maintain and grow its market share, including its ability to enter new markets and acquire and retain paying customers; (xvii) the success, including win or hold rates, of existing and future online betting and gaming products; (xiii) competition within the broader entertainment industry; (xix) Super Group’s reliance on strategic relationships with land based casinos, sports teams, event planners, local licensing partners and advertisers; (xx) events or media coverage relating to, or the popularity of, online betting and gaming industry; (xxi) trading, liability management and pricing risk related to Super Group’s participation in the sports betting and gaming industry; (xxii) accessibility to the services of banks, credit card issuers and payment processing services providers due to the nature of Super Group’s business; (xxiii) the regulatory approvals related to proposed acquisitions and the integration of the acquired businesses; and (xxiv) other risks and uncertainties indicated from time to time for Super Group including those under the heading “Risk Factors” in our Annual Report on Form 20-F filed with the SEC on April 17, 2026, and in Super Group’s other filings with the SEC. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in other documents filed or that may be filed by Super Group from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Super Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Super Group does not give any assurance, representation or warranty that it will achieve its expectations in any specified time frame or at all.
4



Reconciliation of profit for the period to Adjusted EBITDA in $ millions:
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Profit for the period
123 
(3)
208 
56 
Income tax expense
45 
42 
81 
72 
Finance income
(3)
(3)
(6)
(5)
Finance expense
12 
Depreciation and amortization expense
27 
19 
47 
37 
Unrealized foreign exchange
RSU expense
17 
10 
Impairment of assets
66 
66 
US iGaming Closure
— 
23 
— 
23 
Provision for penalties
— 
— 
Gaming taxes recovered
— 
— 
(4)
— 
Change in fair value of earnout liability
(5)
— 
(5)
— 
Other adjustments
— 
Adjusted EBITDA
204 
157 
356 
268 
Adjusted EBITDA, Africa
133 
90 
231 
171 
Adjusted EBITDA, International
84 
84 
156 
142 
Adjusted EBITDA, Unallocated costs1
(13)
(17)
(31)
(45)
1 Unallocated costs represent head office costs and other net costs that cannot practically be allocated to an operating segment. It includes immaterial income relating to brand license fees and rental income earned on the letting of property owned by the Group.
5



Webcast Details
The Company will host a webcast at 7:00 a.m. ET tomorrow to discuss the second quarter 2026 financial results. Participants may access the live webcast and supplemental earnings presentation on the events & presentations page of the Super Group Investor Relations website at: https://investors.supergroup.com/events-and-presentations/default.aspx.

About Super Group (SGHC) Limited

Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The group is licensed in multiple jurisdictions, with leading positions in key markets throughout Europe, North America and Africa. The group’s sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling agile operation and execution in a diverse range of markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience. Super Group was placed at number 5 in the latest EGR Power 50 rankings. For more information, visit
www.supergroup.com.
Investors:
investors@supergroup.com
Media:
media@supergroup.com
Source: Super Group
6



Super Group (SGHC) Limited
Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income
for the three and six months ended June 30, 2026 and 2025
($ millions, except for shares and earnings per share)
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Revenue
684 
579 
1,296 
1,096 
Direct and marketing expenses
(436)
(408)
(859)
(777)
General and administrative expenses
(50)
(48)
(98)
(90)
Depreciation and amortization expense
(27)
(19)
(47)
(37)
Impairment of assets
(2)
(66)
(2)
(66)
Other operating income
— 
Finance income
Finance expense
(8)
(2)
(12)
(4)
Share of post-tax loss of equity accounted associate
(2)
— 
(2)
— 
Change in fair value of earnout liability
— 
— 
Profit before taxation
168 
39 
289 
128 
Income tax expense
(45)
(42)
(81)
(72)
Profit(loss) for the period
123 
(3)
208 
56 
Profit for the period attributable to:
Owners of the parent
120 
(3)
204 
55 
Non-controlling interest
— 
123 
(3)
208 
56 
Other comprehensive income/(loss)
Other comprehensive income/(loss) that may be reclassified subsequently to profit or loss, net of tax
Foreign currency translation
42 
(15)
59 
Other comprehensive income for the period
6 
42 
(15)
59 
Total comprehensive income for the period
129 
39 
193 
115 
Total comprehensive income for the period attributable to:
Owners of the parent
126 
39 
189 
114 
Non-controlling interest
— 
129 
39 
193 
115 
Weighted average shares outstanding, basic
508,097,656 
505,651,608 
507,182,948 
504,911,305 
Weighted average shares outstanding, diluted
510,757,079 
505,651,608 
509,437,171 
506,634,481 
Profit/(loss) per share, basic (cents)
23.62 
(0.59)
40.22 
10.97 
Profit/(loss) per share, diluted (cents)
23.49 
(0.59)
40.04 
10.93 
7



Super Group (SGHC) Limited
Unaudited Consolidated Statements of Financial Position
as at June 30, 2026 and December 31, 2025 in $ millions
 
2026
2025
ASSETS
Non‐current assets
Intangible assets
323 
157 
Goodwill
83 
84 
Property, plant and equipment
56 
58 
Investment Property
Right-of-use assets
59 
58 
Deferred tax assets
12 
19 
Regulatory deposits
17 
17 
Loans receivable
Investment in equity instruments
Advance for sportsbook software
— 
120 
568 
525 
Current assets
Trade and other receivables
198 
181 
Income tax receivables
19 
12 
Amounts segregated for users
Cash and cash equivalents
548 
513 
Loans receivable
11 
Fixed term deposits
16 
16 
Derivative financial assets
799 
742 
TOTAL ASSETS
1,367 
1,267 
Non-current liabilities
Lease liabilities
58 
59 
Deferred tax liability
— 
Provisions
Income tax payables
— 
Contingent consideration
21 
— 
Interest-bearing loans and borrowings
17 
17 
99 
84 
Current liabilities
Lease liabilities
Interest-bearing loans and borrowings
26 
— 
Trade and other payables
271 
261 
Customer liabilities
62 
72 
Provisions
42 
35 
Income tax payables
30 
437 
382 
TOTAL LIABILITIES
536 
466 
EQUITY
Issued capital
344 
344 
Treasury shares
(3)
(3)
Accumulated other comprehensive income
24 
Retained profit
482 
438 
Equity attributable to owners of the parent
832 
803 
Non-controlling interest
(1)
(2)
EQUITY
831 
801 
TOTAL LIABILITIES AND EQUITY
1,367 
1,267 
8



Super Group (SGHC) Limited
Unaudited Consolidated Statements of Cash Flows
for the six months ended June 30, 2026 and twelve months ended December 31, 20251 in $ millions
 
2026
2025
Profit for the period
208 
218 
Add back:
Income tax expense
81 
138 
Depreciation and amortization expense
47 
74 
Change in fair value of loans receivable
— 
RSU expense
17 
15 
Gain on lease termination
— 
(6)
Loss on disposal of assets
— 
Impairment of goodwill
— 
18 
Impairment of assets
50 
Change in fair value of earnout liability
(5)
— 
Increase in provisions
27 
Other non-cash adjustments
(3)
Changes in working capital:
(Increase) / decrease in trade and other receivables
(34)
(33)
(Decrease) / increase in trade and other payables
10 
(15)
Increase / (decrease) in customer liabilities
(10)
19 
Decrease / (increase) in amounts segregated for users
(2)
Net foreign currency movement on working capital
(3)
(27)
Cash from operating activities
323 
486 
Withholding taxes paid on subsidiaries dividends
(9)
(12)
Other withholdings taxes paid
(6)
(11)
Corporation tax rebates/refunds received
Corporation tax paid
(61)
(106)
Net cash flows from operating activities
248 
360 
Cash flows from investing activities
Cash received in interest
10 
Acquisition of intangible assets
(24)
(73)
Acquisition of property, plant and equipment
(3)
(41)
Acquisition of investment property
— 
(3)
Cash received from sale of assets
— 
Cash extended for financial assets
(7)
(20)
Cash advanced for sportsbook software
(28)
(5)
Cash received from loans receivable
— 
Cash received for sale of DGC B2B
— 
Cash paid for investment in entities
(1)
(4)
Acquisition of businesses, net of cash acquired
(1)
— 
Dividends received from investment in associate
— 
Net cash flows used in investing activities
(58)
(128)
Cash flows from financing activities
Repayment of lease liabilities - interest
(2)
(3)
Repayment of lease liabilities - principal
(2)
(5)
Cash paid for acquisition of non controlling interest
— 
(3)
Proceeds from interest-bearing loans and borrowings
25 
16 
Repayment of interest-bearing loans and borrowings
(1)
(1)
Dividends paid to parent equity holders
(177)
(156)
Net cash flows used in financing activities
(157)
(152)
Increase / (decrease) in cash and cash equivalents
33 
80 
Cash and cash equivalents at the beginning of the year
513 
388 
Effects of exchange rate fluctuations on cash held
45 
Cash and cash equivalents at the end of the year
548 
513 
1 The amounts for the six months ended June 30, 2026 are interim, unaudited, and presented in U.S. dollars. The interim period and the full fiscal year differ in length and nature, and may be affected by seasonality, as a result the figures are not directly comparable; accordingly, the full‑year 2025 amounts are furnished for context only and do not constitute a like‑for‑like comparative to amounts for the six months ended June 30, 2026.
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