Super Group (SGHC) has published its financial results for the year ending December 31, 2024, reporting a significant increase in revenue and a return to profitability after a loss in the previous year. The company, which owns and operates multiple online sports betting and igaming brands, posted annual revenue of €1.7 billion, a 18% increase from €1.44 billion in 2023.
The group’s net profit for 2024 reached €113.5 million, reversing a loss of €8.6 million reported the year prior. This positive performance was driven in part by a gain of €40.1 million from the disposal of a business and a modest rise in finance income. Earnings before tax totalled €188.8 million, compared to €16.8 million in 2023.
Operating expenses increased year-on-year, with direct and marketing costs rising to €1.27 billion from €1.14 billion in 2023. General and administrative costs rose to €162.3 million, reflecting continued investment in growth and operations. The group also recorded a non-cash impairment charge of €36.8 million and saw a reduction in depreciation and amortisation expenses.
Total assets at year-end stood at €1.05 billion, up from €960.9 million in 2023. This included increases in cash and cash equivalents, which grew to €372.9 million, and a significant prepayment of €112.6 million for sportsbook software. The company also reported an increase in right-of-use assets following a leasing expansion.
Equity attributable to shareholders rose to €557.5 million from €520.3 million, supported by retained earnings and foreign currency gains. The company declared €118.2 million in dividends during the year.
The results highlight Super Group’s improved financial position following recent restructuring and strategic shifts, including the sale of non-core assets and streamlining of its operations. The performance underscores the group’s ability to adapt in a competitive and regulated global igaming environment.
