Super Group (SGHC) Ltd
For the period ended Dec 31, 2024. Filed Apr 3, 2025.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Apr 3, 2025
Contents
Other contractual commitments
The Group entered into definitive agreements on May 8, 2024 to assume full control of its sportsbook software technology owned by Fusion. Refer to note 15 for further details on contractual commitments as of December 31, 2024.
Super Group (SGHC) Limited
Notes to Consolidated Financial Statements (continued)
| 29 | Subsidiaries |
The table below includes the Company’s principal subsidiaries as at December 31, 2024, determined as either contributing to 10% or more of the Group assets or revenues. The Company has other subsidiaries, but the assets and revenues did not exceed 10% of the Group’s consolidated assets or revenues for the year ended December 31, 2024:
| Name | % Equity interest | Country of incorporation | Nature of business |
|---|---|---|---|
| Raging River Trading Proprietary Limited | 100% | South Africa | Licensed Western Cape Gambling and Racing Board ("WCGB") / software development |
| Baytree Interactive Limited | 100% | Guernsey | Licensed with the Kahnawake Gaming Commission ("KGC") |
| Betway Group Limited | 100% | Guernsey | Operational |
| Betway Limited | 100% | Malta | Licensed with the MGA |
Certain subsidiary entities of the Group are not wholly-owned. Management has assessed the values of the NCI in these instances and determined them to be individually immaterial for additional disclosures.
On November 1, 2024, the Group entered into an agreement with the non-controlling shareholders of Jumpman Gaming Limited and The Six Gaming Limited to purchase the remaining 30% shareholding in both entities for a total purchase consideration of £5.5 million (€6.5 million), of which £1.0 million (€1.1 million) was cash and the remaining amount was non-cash settlements of amounts owing from the shareholder to the Group.
| 30 | Subsequent events |
As disclosed in note 23.4, the Group declared a dividend of $0.04 (€0.04) per share on February 25, 2025, which was paid on March 28, 2025.
The Group entered into a sale agreement to purchase property in Cape Town, South Africa to the value of R 390.0 million (approximately €19.9 million), subject to registration by the Deeds Office. In order to finance this purchase, the Group entered into a facility agreement with FirstRand Bank Limited with a total facility amount of R 320.0 million (approximately €16.4 million).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.