Super Group (SGHC (SGHC) | Financial Analysis & Statements
Super Group (SGHC) Limited Mid-cap Consumer Cyclical
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
578.0M
Gross Profit
672.0M
116.26%
Operating Income
101.0M
17.47%
Net Income
67.0M
11.59%
Balance Sheet Metrics
Total Assets
1.3B
Total Liabilities
466.0M
Shareholders Equity
801.0M
Debt to Equity
0.58
Cash Flow Metrics
Operating Cash Flow
-22.7M
Free Cash Flow
8.2M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Super Group (SGHC Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 2.2B | 1.8B | 1.4B | 1.3B | 1.3B |
| Cost of Goods Sold | 1.1B | 890.1M | 769.8M | 636.5M | 546.2M |
| Gross Profit | 1.2B | 875.6M | 666.3M | 655.7M | 774.4M |
| Gross Margin % | 52.8% | 49.6% | 46.4% | 50.7% | 58.6% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 637.0M | 549.9M | 463.6M | 455.7M | 472.8M |
| Other Operating Expenses | 42.0M | 43.2M | 45.6M | 25.7M | 12.2M |
| Total Operating Expenses | 679.0M | 593.1M | 509.1M | 481.4M | 485.0M |
| Operating Income | 425.0M | 201.6M | 75.0M | 107.6M | 205.9M |
| Operating Margin % | 19.0% | 11.4% | 5.2% | 8.3% | 15.6% |
| Non-Operating Items | |||||
| Interest Income | 11.0M | 10.6M | 8.9M | 2.2M | 1.3M |
| Interest Expense | 11.0M | 6.3M | 2.7M | 1.3M | 6.4M |
| Other Non-Operating Income | -69.0M | -9.4M | -64.4M | 108.0M | 25.1M |
| Pre-tax Income | 356.0M | 196.5M | 16.8M | 216.5M | 225.9M |
| Income Tax | 138.0M | 78.3M | 25.4M | 34.2M | -10.0M |
| Effective Tax Rate % | 38.8% | 39.9% | 151.3% | 15.8% | -4.4% |
| Net Income | 218.0M | 118.2M | -8.6M | 182.3M | 235.9M |
| Net Margin % | 9.8% | 6.7% | -0.6% | 14.1% | 17.9% |
| Key Metrics | |||||
| EBITDA | 509.0M | 293.7M | 166.1M | 50.3M | 290.8M |
| EPS (Basic) | - | $0.23 | $-0.02 | $0.37 | $0.49 |
| EPS (Diluted) | - | $0.23 | $-0.02 | $0.37 | $0.49 |
| Basic Shares Outstanding | - | 425820239 | 457365370 | 470774426 | 464719567 |
| Diluted Shares Outstanding | - | 425820239 | 457365370 | 470774426 | 464719567 |
Income Statement Trend
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Super Group (SGHC Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 513.0M | 388.0M | 241.9M | 254.8M | 293.8M |
| Short-term Investments | 16.0M | 13.7M | - | - | - |
| Accounts Receivable | 14.0M | 23.9M | 41.4M | 29.0M | 56.3M |
| Inventory | - | - | - | 94.0K | 40.0K |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | 742.0M | 560.5M | 492.4M | 560.2M | 559.2M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 445.0M | 483.3M | 383.2M | 287.8M | 223.0M |
| Intangible Assets | 277.0M | 294.1M | 193.4M | 164.7M | 173.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 36.0M | 54.0M | 48.7M | 35.1M | 32.7M |
| Total Non-Current Assets | 525.0M | 534.9M | 468.5M | 316.8M | 284.9M |
| Total Assets | 1.3B | 1.1B | 960.9M | 877.0M | 844.1M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 103.0M | 92.2M | 80.5M | 63.7M | 77.7M |
| Short-term Debt | 5.0M | 6.1M | 5.3M | 8.2M | 8.4M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | 2.3M | 49.7M | - | 52.0M |
| Total Current Liabilities | 382.0M | 446.7M | 391.1M | 308.2M | 309.1M |
| Non-Current Liabilities | |||||
| Long-term Debt | 76.0M | 67.2M | 23.9M | 10.3M | 11.7M |
| Deferred Tax Liabilities | 0 | 2.2M | 4.7M | 8.7M | 9.2M |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 84.0M | 70.5M | 31.0M | 34.1M | 20.9M |
| Total Liabilities | 466.0M | 517.2M | 422.1M | 342.4M | 330.0M |
| Equity | |||||
| Common Stock | 344.0M | 301.5M | 289.8M | 289.8M | 269.3M |
| Retained Earnings | 438.0M | 270.6M | 240.6M | 234.3M | 246.8M |
| Treasury Stock | 3.0M | 2.7M | 2.6M | 0 | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 801.0M | 578.2M | 538.8M | 534.6M | 514.1M |
| Key Metrics | |||||
| Total Debt | 81.0M | 73.3M | 29.2M | 18.5M | 20.0M |
| Working Capital | 360.0M | 113.8M | 101.3M | 252.0M | 250.0M |
Balance Sheet Composition
Super Group (SGHC Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 218.0M | 118.2M | -8.6M | 182.3M | 235.9M |
| Depreciation & Amortization | 74.0M | 80.9M | 82.2M | 66.7M | 83.6M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -38.0M | 24.2M | -36.3M | 35.8M | -21.0M |
| Operating Cash Flow | 398.0M | 314.5M | 73.0M | 232.4M | 274.3M |
| Investing Activities | |||||
| Capital Expenditures | -41.0M | -13.9M | -9.1M | -6.3M | -3.1M |
| Acquisitions | -1.0M | 9.6M | -10.3M | 7.3M | 19.8M |
| Investment Purchases | -20.0M | -31.1M | 0 | -95.0K | -1.7M |
| Investment Sales | 0 | 954.2K | 0 | 17.1M | 2.8M |
| Investing Cash Flow | -58.0M | -32.6M | 34.3M | -77.0M | 4.5M |
| Financing Activities | |||||
| Share Repurchases | 0 | 0 | -2.6M | -224.3M | -10.7M |
| Dividends Paid | -156.0M | 0 | 0 | 0 | 0 |
| Debt Issuance | 16.0M | 0 | 18.6M | 0 | 0 |
| Debt Repayment | -6.0M | -5.6M | -145.2M | -33.7M | -27.5M |
| Financing Cash Flow | -149.0M | -53.7M | -129.3M | -102.0M | -39.2M |
| Free Cash Flow | 241.0M | 199.6M | 79.3M | 139.3M | 183.1M |
| Net Change in Cash | 191.0M | 228.2M | -22.0M | 53.4M | 239.6M |
Cash Flow Trend
Super Group (SGHC Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
29.14
Forward P/E
14.45
Price to Book
8.51
Price to Sales
2.85
PEG Ratio
14.45
Profitability Ratios
Profit Margin
9.73%
Operating Margin
17.47%
Return on Equity
31.62%
Return on Assets
22.49%
Financial Health
Current Ratio
1.94
Debt to Equity
10.11
Beta
1.07
Per Share Data
EPS (TTM)
$0.43
Book Value per Share
$1.47
Revenue per Share
$4.42
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SGHC | 6.4B | 29.14 | 8.51 | 31.62% | 9.73% | 10.11 |
| Flutter | 18.4B | 114.93 | 2.07 | -3.88% | -1.89% | 132.73 |
| DraftKings | 11.0B | 2,216.00 | 18.02 | 0.45% | 0.06% | 299.28 |
| Light & Wonder | 7.1B | 18.83 | 10.11 | 52.83% | 70.80% | 6.88 |
| Churchill Downs | 7.1B | 18.03 | 6.75 | 35.00% | 13.21% | 430.77 |
| Rush Street | 5.4B | 74.16 | 15.61 | 29.51% | 2.94% | 2.02 |
Financial data is updated regularly. All figures are in the company's reporting currency.





