Sun International boosts income, declares higher dividend
Sun International's annual results showcase a resilient omnichannel strategy, with continuing adjusted EBITDA up 3.0% to R3.5 billion. SunBet income soared by 60.6% to R1.2 billion. Earnings per share increased by 54.7% to 764 cents. The final cash dividend of 237 cents per share brings the total dividend to 398 cents, maintaining a 75% adjusted headline earnings payout ratio, yielding 10.2%. The company's debt to adjusted EBITDA ratio is at 1.5x, well within its bank covenant. The group expects lower inflation and interest rates to improve the operating environment in the medium to long term. The board declared a final gross cash dividend of 237 cents payable on April 14, 2025, to shareholders of record on April 11, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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