This is a non-material accounting presentation change with no impact on previously reported financials. Monitor the next quarterly report for the first results under the new geographic segment structure, which may provide clearer insight into Africa vs. International performance trends.
Price Chart
Executive Summary
Super Group (SGHC) filed a 6-K to announce a change in segment reporting structure from brand-based (Betway/Spin) to geographic (Africa/International), effective for FY2026. The filing includes recast historical financial data for 2023-2025 under the new segments, showing strong revenue growth from $1.52B in 2023 to $2.21B in 2025, and Adjusted EBITDA growth from $216M to $560M over the same period. This is a routine accounting presentation change with no restatement of prior financials, providing investors with better comparability going forward.
Key Facts
- Segment reporting changes from brand-based (Betway/Spin) to geographic (Africa/International), effective FY2026
- Recast historical unaudited segment data provided for FY2023-2025 and quarterly periods
- Total reportable segment revenue grew from $1,520M (2023) to $2,206M (2025)
- Adjusted EBITDA grew from $216M (2023) to $560M (2025)
- Africa segment revenue grew from $441M (2023) to $892M (2025)
- International segment revenue grew from $1,079M (2023) to $1,314M (2025)
- No restatement of previously issued financial statements; supplemental information only
- Change in presentation currency from Euros to USD effective January 1, 2025
Financial Impact
No new financial results; recast historical data shows revenue growth from $1.52B (2023) to $2.21B (2025) and Adjusted EBITDA growth from $216M to $560M
Risk Factors
- No new financial guidance or operational updates provided
- Recast data is unaudited and for informational purposes only
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-034519 |
| Document: comparativeupdatedsegmen.htm | 0001628280-26-034519 |
| Document: 0001628280-26-034519-index-headers.html | 0001628280-26-034519 |
| Document: 0001628280-26-034519-index.html | 0001628280-26-034519 |
| Document: 0001628280-26-034519.txt | 0001628280-26-034519 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 17, 2026 5w ago | SC 13D/A | $12.75 $11.26 | ▼ −11.68% | ▼ −13.13% | $10.72 (−15.92%) |
Sep 8, 2026 7w ago | 6-K | $13.94 $11.43 | ▼ −18.01% | ▼ −19.97% | $10.72 (−23.10%) |
Aug 3, 2026 12w ago | Insider Cluster | $13.92 $13.46 | ▼ −3.30% | ▼ −2.07% | $10.72 (−22.99%) |
Jul 1, 2026 16w ago | 6-K | $13.97 $14.89 | ▲ +6.59% | ▲ +8.77% | $10.72 (−23.26%) |
May 26, 2026 22w ago | Insider Cluster | $12.94 $13.40 | ▲ +3.52% | ▲ +5.46% | $10.72 (−17.16%) |
May 14, 2026 23w ago | 6-K | $13.24 $13.48 | ▲ +1.81% | ▲ +2.67% | $10.72 (−19.03%) |
May 13, 2026 23w ago | 6-K | $13.05 $13.82 | ▲ +5.90% | ▲ +6.51% | $10.72 (−17.86%) |
May 11, 2026 24w ago | 6-K | $13.18 $13.35 | ▲ +1.29% | ▲ +1.59% | $10.72 (−18.67%) |
Apr 17, 2026 27w ago | 20-F | $11.29 $13.24 | ▲ +17.27% | ▲ +11.90% | $10.72 (−5.05%) |
Apr 8, 2026 28w ago | Insider Cluster | $10.93 $13.24 | ▼ −21.13% | ▼ −12.59% | $10.72 (+1.92%) |
US Market Status
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