Its statutory net loss after tax of $110 million was a better result than the same period in 2024, in which it posted a $302 million loss.
However, revenue was down compared to the first half of the 2025 financial year, by 10 per cent. While The Star says trading has “stabilised”, The Star Sydney has continued to experience poor trading performance, with January 2026 revenue down on both the December quarter of 2025 and January 2025.
“Our corporate office is being streamlined, and essential support functions will be managed at the property level in Sydney, Gold Coast and Brisbane,” said The Star’s new group CEO, Bruce Mathieson Jnr, in The Star’s results announcement.
“To support long-term success, these changes will strengthen our financial position.
“We continue to pursue appropriate cost out initiatives and are exploring and implementing initiatives to attract customers to our properties.
“We are committed to pursuing a transparent, practical and sustainable pathway that ensures our remediation plan is delivered to the standard expected, while supporting consistency, embedment and demonstrable maturity across the Group.
“We have immense potential in our properties, and we are committed to transforming The Star into premier entertainment destinations.”
The results release continued the warning of “ongoing material uncertainty” for The Star as a business – a line it has been repeating for more than a year now as it struggles with a variety of existential issues.
The Star made a number of deals last year to improve its position, however several of these are yet to be finalised, including its exit from Queen’s Wharf in Brisbane, which will also see it take full control of The Star Gold Coast.
The Star said it had available cash of $130 million at the end of the December quarter
The Star controls a significant footprint of hotel stock and event space.
