SkyCity Entertainment Group Ltd

SKC: XASX (AUS)

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SkyCity Earnings: Profitability Permanently Impaired, but Not New News; Shares Undervalued

Angus Hewitt

Feb 19, 2026

SkyCity reported underlying EBITDA of NZD 86 million, 28% lower than a year ago. An uplift in anti-money laundering compliance and gambler harm minimization, like mandatory carded play rolled out in New Zealand in July 2025, is weighing on profitability despite property visitations holding up.

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SkyCity Entertainment Group Ltd

SkyCity Earnings: Profitability Permanently Impaired, but Not New News; Shares Undervalued

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