The Star Entertainment Group has released its financial results for the 2025 fiscal year, revealing a challenging period marked by declining revenues and operational losses, yet significant progress in reducing its overall net loss.
For the 12 months ending June 30, the Australian operator reported total revenue of AU$1.19 billion (US780million),asharp29.277 million** compared to a profit of AU$175 million in FY24.
Despite the difficult operational performance, the company’s statutory net loss saw a substantial recovery, shrinking from AU$1.69 billion last year to AU$472 million for FY25.
This improvement was driven by a series of strategic financial maneuvers, including changes to its senior debt facility, the sale of non-core assets like its Sydney events centre, and securing a potential AU$300 million investment from Bally’s.
As of August 25, 2025, the group held AU$189 million in available cash. However, The Star continues to face significant uncertainties.
The strategic investment from Bally’s has not yet been finalized, and the outcomes of legal and regulatory actions, including the ongoing suspension of its Sydney and Gold Coast casino licenses, remain pending.
The performance of its properties reflected the broader challenges, with only The Star Gold Coast reporting a positive EBITDA, though it was down nearly 70% year-on-year.
Steve McCann, Star Entertainment Group CEO and Managing Director, commented:
I want to acknowledge the hard work and commitment of our team members in the face of the ongoing challenges of the group. While there remains work to be done, I note the significant progress that the group has made on its remediation journey to date… Our announcement today highlights a number of key interdependencies that are critical to the Group’s future. The Group continues to require significant support from a range of its stakeholders including governments, regulators, lenders and investors.
