Super Group (SHGC) has declared a special cash dividend for its shareholders, following the company’s success in achieving its 2024 financial objectives.
The company, listed on the NYSE, has revised its full-year revenue forecast to €1.6 billion, up from €1.55 billion, and has also increased its ex-US Adjusted EBITDA projection to a minimum of €360 million, a rise from €345 million.
In the third quarter, company leaders expressed confidence in exceeding the earlier adjusted EBITDA target of €345 million for FY2024.
Capitalizing on this robust performance, the Board has announced a special cash dividend of 15¢ per ordinary share.
This dividend will be distributed on January 8, 2025, to shareholders recorded by December 23, 2024. Combined with the initial dividend of 10¢ per share issued in July, shareholders will receive a total of 25¢ per share for the year 2024.
Additionally, Super Group has outlined plans to commence regular quarterly dividend payments in 2025, contingent on Board approval.
CEO Neal Menashe voiced satisfaction with the company’s achievements, stating, “Our year has been exceptional, and I’m delighted to announce another dividend while elevating our revenue and Adjusted EBITDA guidance for the full year. Our solid balance sheet and constant performance have enabled us to provide value to our shareholders.”
Menashe also emphasized the company’s strategy of returning surplus cash to its shareholders, attributing it to the strong financial results and a robust balance sheet. He remarked, “Super Group has had an incredible year, and we are eager to maintain this momentum as we transition into 2025.”
In another announcement, Super Group revealed that long-standing executive Richard Hasson will resign from his positions as President and CCO in 2025, concluding a 13-year tenure with the NYSE-listed firm.