Jun 2026 (Q2 FY26) — Aug 5, 2026
Super Group Q2 FY26 — Record Revenue and EBITDA Driven by World Cup and Operational Efficiencies
Read the full callSuper Group (SGHC) earnings
- Jun 2026 (Q2 FY26)
- Dec 2024
Super Group earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
4 of 5 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Ontario new casino client launch | first half of 2026 | Sep 2025 | Pending | |
| Germany slots product launch | H1 2026 | Dec 2025 | We expect to launch slots in Germany this month, bringing our full product suite to the market. | Delayed |
| Digital asset (Super Coin) wallet launch in South Africa | Q1 2026 | Sep 2025 | The phased rollout of our Super Coin consumer wallet began in mid-April with a soft beta launch for our Bestway South Africa customers. | Achieved* |
1 of Super Group (SGHC) Ltd's 21 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.
Claimed
- Record total revenue of $684 million, up 18% year-over-year.
- Adjusted EBITDA grew 30% to $204 million, with margin expanding to 30%.
- New customer acquisition increased more than threefold compared with the prior World Cup period.
- Africa revenue grew 36% year-over-year, and adjusted EBITDA increased 47% to $133 million.
- Sports margin hit a record 17% for the quarter, reflecting improved pricing and risk management.
Qualified
- Average monthly active customers (MAUs) reached 6.2 million, up 13% year-over-year, but were down sequentially due to seasonality and tax effects in smaller African markets.
- G&A expenses stepped up sequentially from $90 million to $100 million, with 40% attributed to one-off audit alignment and infrastructure costs, as well as recent acquisitions.
Price
$11.09 −1.51% · −$0.17
Performance −14.9% 1Y
1Y: $13.03 on 15 Oct 2025 → $11.09. High $15.59 (21 Jul 2026), low $8.52 (11 Feb 2026).
- Previous close
- $11.26
- 52-week range
- $8.52 – $15.59
- One year
- −14.76%
Overview
- Symbol
- SGHC
- Sector
- Consumer Discretionary
- Industry
- Services-Miscellaneous Amusement & Recreation
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 5 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Ontario new casino client launch | first half of 2026 | Sep 2025 | Pending | |
| Germany slots product launch | H1 2026 | Dec 2025 | We expect to launch slots in Germany this month, bringing our full product suite to the market. | Delayed |
| Digital asset (Super Coin) wallet launch in South Africa | Q1 2026 | Sep 2025 | The phased rollout of our Super Coin consumer wallet began in mid-April with a soft beta launch for our Bestway South Africa customers. | Achieved* |
Claimed
- Record total revenue of $684 million, up 18% year-over-year.
- Adjusted EBITDA grew 30% to $204 million, with margin expanding to 30%.
- New customer acquisition increased more than threefold compared with the prior World Cup period.
- Africa revenue grew 36% year-over-year, and adjusted EBITDA increased 47% to $133 million.
- Sports margin hit a record 17% for the quarter, reflecting improved pricing and risk management.
Qualified
- Average monthly active customers (MAUs) reached 6.2 million, up 13% year-over-year, but were down sequentially due to seasonality and tax effects in smaller African markets.
- G&A expenses stepped up sequentially from $90 million to $100 million, with 40% attributed to one-off audit alignment and infrastructure costs, as well as recent acquisitions.
The full ledger
Open Super Group (SGHC) Ltd’s full ledger
A free account opens 5 company ledgers a month. All 21 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 12, 2026
Super Group Q1 FY26 — Record Revenue and Customer Growth Driven by Segment Strength
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
Super Group Q4 FY25 — Record Growth and Strong FY26 Guidance
Read the full callEvery analysed call
Super Group earnings calls (SGHC)
Financials
What the filings say
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|---|
| Total liabilities | — | 589 | 374 | 365 | 422 | 518 |
| Fixed assets | — | 6 | 14 | 15 | 17 | 21 |
| Total assets | — | 676 | 956 | 935 | 961 | 1,096 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|---|
| Cash from operations | 4 | 186 | 238 | 178 | 133 | 284 |
| Cash from investing | 56 | -7 | -21 | -103 | -5 | -106 |
| Cash from financing | -9 | -100 | -45 | -110 | -131 | -54 |
| Capital expenditure | -4 | -2 | -4 | -7 | -9 | -12 |
| Free cash flow | 0 | 183 | 234 | 171 | 124 | 271 |
SGHC operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Monthly active customers | 6.1MIn addition, average monthly active customers reached an all-time high of 6.1 million for the quarter, a 16% jump from the same period in 2024.Source: earnings call transcript | 6.4MOur margin expanded to 25% compared with 22% in the prior year period, driven by strong acquisition and retention strategies, average monthly active customers reached a record $6.4 million, up 18% year-over-year, with March setting a new monthly high of 6.5 million customers.Source: earnings call transcript | 6.2MAverage monthly active customers reached 6.2 million, up 13% year-over-year.Source: earnings call transcript | -3.1% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
31 filings between Mar 31, 2026 and Sep 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$6.63M
14 sales by 5 insiders
Compensation
not trading decisions- 17
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Ross Kirsty Farrah | — | $2.74M | Aug 28, 2026 |
| Van Wyk Alinda | — | $1.94M | Jul 31, 2026 |
| Menashe Neal | — | $1.52M | Jul 31, 2026 |
| Ben David Alon | — | $321.4K | Sep 14, 2026 |
| Nathan Martine | — | $106.8K | Jul 31, 2026 |
Latest filings (31)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | Ben David Alon Chief Technology Officer | Sale | 23,300 | $321.3K |
| Aug 28, 2026 | Ross Kirsty Farrah Chief Operating Officer | Sale | 40,000 | $560.0K |
| Jul 31, 2026 | Ross Kirsty Farrah Chief Operating Officer | Option exercise | 35,812 | — |
| Jul 31, 2026 | Ross Kirsty Farrah Chief Operating Officer | Option exercise | 80,000 | — |
| Jul 31, 2026 | Ross Kirsty Farrah Chief Operating Officer | Sale | 54,551 | $762.1K |
| Jul 31, 2026 | Menashe Neal Chief Executive Officer | Option exercise | 102,839 | — |
| Jul 31, 2026 | Menashe Neal Chief Executive Officer | Sale | 48,440 | $676.7K |
| Jul 31, 2026 | Van Wyk Alinda Chief Financial Officer | Option exercise | 50,210 | — |
| Jul 31, 2026 | Van Wyk Alinda Chief Financial Officer | Sale | 22,644 | $316.3K |
| Jul 31, 2026 | Nathan Martine General Counsel | Option exercise | 8,817 | — |
| Jul 31, 2026 | Nathan Martine General Counsel | Sale | 3,997 | $55.8K |
| Jun 30, 2026 | Ben David Alon Chief Technology Officer | Sale | 8 | $107 |
| Jun 30, 2026 | Ben David Alon Chief Technology Officer | Option exercise | 38,915 | — |
| Jun 2, 2026 | Ross Kirsty Farrah Chief Operating Officer | Sale | 25,356 | $329.6K |
| May 19, 2026 | Van Wyk Alinda Chief Financial Officer | Sale | 78,837 | $1.08M |
| May 15, 2026 | Ross Kirsty Farrah Chief Operating Officer | Sale | 44,628 | $581.5K |
| Apr 8, 2026 | Ross Kirsty Farrah Chief of Staff | Sale | 47,391 | $507.6K |
| Apr 8, 2026 | Van Wyk Alinda Chief Financial Officer | Sale | 51,104 | $547.3K |
| Apr 8, 2026 | Menashe Neal Chief Executive Officer | Sale | 78,530 | $841.1K |
| Apr 8, 2026 | Nathan Martine General Counsel | Sale | 4,761 | $51.0K |
| Mar 31, 2026 | Menashe Neal Chief Executive Officer | Option exercise | 32,300 | — |
| Mar 31, 2026 | Ross Kirsty Farrah Chief of Staff | Option exercise | 49,822 | — |
| Mar 31, 2026 | Ross Kirsty Farrah Chief of Staff | Option exercise | 33,775 | — |
| Mar 31, 2026 | Nathan Martine General Counsel | Option exercise | 4,400 | — |
| Mar 31, 2026 | Nathan Martine General Counsel | Option exercise | 6,065 | — |
| Mar 31, 2026 | Ross Kirsty Farrah Chief of Staff | Option exercise | 16,150 | — |
| Mar 31, 2026 | Menashe Neal Chief Executive Officer | Option exercise | 108,710 | — |
| Mar 31, 2026 | Menashe Neal Chief Executive Officer | Option exercise | 24,277 | — |
| Mar 31, 2026 | Van Wyk Alinda Chief Financial Officer | Option exercise | 16,150 | — |
| Mar 31, 2026 | Van Wyk Alinda Chief Financial Officer | Option exercise | 48,649 | — |
| Mar 31, 2026 | Van Wyk Alinda Chief Financial Officer | Option exercise | 47,543 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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