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Leisure · Consumer Cyclical · Fiscal year ends Dec 31
Super Group (SGHC) reported revenue of $2.2B in the fiscal year ended Dec 2025, up 21.6% from the year before. Operating income was $367M, an operating margin of 16.5%, and net income was $218M. Operating cash flow of $360M less capital expenditure of $41M left free cash flow of $319M. It held more cash than debt (net cash $496M).
Ranks among the 21 leisure companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue | 1,555 | 1,835 | 2,231 |
| Research & development | 17.2 | 11.3 | 14.6 |
| Operating incomederived: pre-tax income + interest | 23.0 | 211 | 367 |
| Interest expense | 3.0 | 7.0 | 11.0 |
| Pre-tax income | 20.0 | 204 | 356 |
| Income tax | 28.0 | 81.0 | 138 |
| Net income | −8.0 | 123 | 218 |
| Diluted shares | 498 | 504 | 508 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash & equivalents | 267 | 388 | 513 |
| Receivables | 172 | 138 | 181 |
| Current assets | 544 | 560 | 742 |
| Net PP&E | 19.0 | 21.0 | 58.0 |
| Goodwill | 105 | 95.0 | 84.0 |
| Total assets | 1,061 | 1,095 | 1,267 |
| Payables | 216 | 283 | 261 |
| Deferred revenue | 75.0 | 54.0 | 72.0 |
| Current liabilities | 433 | 447 | 382 |
| Long-term debt | 0.0 | 0.0 | 17.0 |
| Total liabilities | 466 | 517 | 466 |
| Shareholders' equity | 577 | 581 | 803 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Operating cash flow | 144 | 306 | 360 |
| Capital expenditure | 10.0 | 13.0 | 41.0 |
| Free cash flow | 134 | 293 | 319 |
| Depreciation & amortisation | 89.0 | 84.0 | 74.0 |
| Stock-based compensation | 18.0 | 11.0 | 15.0 |
| Acquisitions | 11.0 | 0.0 | 0.0 |
| Share buybacks | 3.0 | 0.0 | 0.0 |
| Dividends paid | – | 125 | 80.0 |
| Fiscal year | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue growth (YoY) | – | 18.0% | 21.6% |
| Operating income growth (YoY) | – | 817.4% | 73.9% |
| Operating margin | 1.5% | 11.5% | 16.5% |
| Net margin | −0.5% | 6.7% | 9.8% |
| Return on equityBlank when equity is negative | −1.4% | 21.2% | 27.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 3.7% | 32.6% | 41.5% |
| Free cash flow margin | 8.6% | 16.0% | 14.3% |
| Cash conversion (CFO ÷ net income) | −18.0x | 2.49x | 1.65x |
| Receivable days | 40 | 27 | 30 |
| Interest cover | 7.67x | 30.1x | 33.4x |
| Debt ÷ equity | 0.00x | 0.00x | 0.02x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −267 | −388 | −496 |
| Current ratio | 1.26x | 1.25x | 1.94x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.