Super Group (SGHC) Ltd (NYSE:SGHC)
$ 14.89 +0.10 (+0.68%) Market Cap: 7.57 Bil Enterprise Value: 7.23 Bil PE Ratio: 30.64 PB Ratio: 10.38 GF Score: 78/100

Q4 2025 SGHC Ltd Earnings Call Transcript

Feb 24, 2026 / 01:00PM GMT
Release Date Price: $10.59 (+8.95%)

Key Points

Positve
  • Super Group (SGHC) Ltd (SGHC) achieved a record-breaking year in 2025, with total revenue reaching $2.2 billion, a 22% increase from the previous year.
  • Adjusted EBITDA increased by 57% year over year, amounting to $560 million, reflecting a strong margin improvement.
  • The company successfully launched the Zar Supercoin in South Africa, marking the first step in its broader digital payments infrastructure.
  • Super Group (SGHC) Ltd (SGHC) saw significant growth in Europe, with a 23% revenue increase, led by a 37% rise in the UK.
  • The company maintained a strong cash position, closing the year with $513 million in cash, up 32% year over year, supporting its robust business model.
Negative
  • Unfavorable sports outcomes in December impacted results, with an estimated $20 million ZAR EBITDA impact.
  • Potential tax changes in South Africa could affect future financial performance, with operators expected to submit responses to government proposals.
  • The company faces challenges in Nigeria, as it continues to refine its strategy in the region.
  • The expansion into new markets, such as Alberta, involves regulatory uncertainties and potential competitive pressures.
  • Super Group (SGHC) Ltd (SGHC) must navigate potential risks from sudden regulatory shifts, such as tax changes, which could impact guidance.
Operator

Hello everyone, and thank you for joining the Super Group fourth quarter and full year 2025 earnings webcast and conference call. My name is Lucy, and I'll be coordinating your call today.

(Operator Instructions)

It is now my pleasure to hand over to your host, Nkem Ojougboh, Head of Investor Relations to begin. Please go ahead.

Nkem Ojougboh
SGHC Ltd - Head of Investor Relations

Good morning, everyone, and thank you for joining us today to discuss Super Group's results for the fourth quarter and full year 2025.

During this call, Super Group may make comments of a forward-looking nature that is subject to risk, uncertainties, and other factors discussed further in its SEC filings that could cause its actual results to differ materially from historical results or from the company's forecast. Super Group assumes no responsibility to update forward-looking statements other than is required by law.

On today's call, Super Group may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in addition

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