Super Group (SHGC) has announced a special cash dividend for shareholders after surpassing its 2024 financial targets.
The NYSE-listed company raised its full-year revenue guidance to €1.6 billion ($1.696 billion) (from €1.55 billion/$1.643 billion) and increased its ex-US Adjusted EBITDA guidance to at least €360 million ($381.6 million), up from €345 million ($365.7 million).
Earlier in Q3, company leadership had boosted its FY2024 guidance, expressing confidence that Super Group would exceed an adjusted EBITDA of €345 million ($365.7 million).
Building on this strong performance, the Board declared a special cash dividend of 15¢ per ordinary share.
The dividend will be paid on 8 January 2025 to shareholders who are on record as of 23 December 2024. Including the initial 2024 dividend of 10¢ per share paid in July, the total shareholder payout for 2024 will reach 25¢ per share.
Super Group also confirmed plans to begin regular quarterly dividend payments in 2025, pending Board approval.
CEO Neal Menashe expressed pride in the company’s accomplishments, saying, “We’ve had an outstanding year, and I’m thrilled to announce yet another dividend while raising our full-year revenue and Adjusted EBITDA guidance. The strength of our balance sheet and consistent performance have allowed us to deliver value to our shareholders.”
Menashe reaffirmed the company’s commitment to returning excess cash to shareholders, highlighting the strong financial results and balance sheet as key enablers. He added, “It’s been a fantastic year for Super Group, and we’re eager to build on this momentum as we move into 2025.”
Super Group announced yesterday that long-term executive Richard Hasson will step down as President and CCO in 2025, choosing to end his a 13-year tenure as a corporate executive of the NYSE firm.
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