Cash flow Reef Casino Trust

Equities

RCT

AU000000RCT3

Real Estate Development & Operations

Market Closed - Australian S.E. Other stock markets 02:19:10 19/01/2026 GMT			5-day change	1st Jan Change
3.550 ^AUD	0.00%		-1.11%	+0.85%

12-05	Reef Casino Trust declares 6m estimated distribution 14.26 AU cents per unit	RE
12-04	Reef Casino Trust Expects Higher Distribution for H2	MT

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Published financial data: REEF CASINO TRUST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	15.66M	26.87M	30.52M	26.29M	25.52M
Other Revenues, Total	-	-	-	-	-
Total Revenues	15.66M	26.87M	30.52M	26.29M	25.52M
Cost of Goods Sold, Total	1.82M	2.47M	2.85M	4.61M	4.25M
Gross Profit	13.84M	24.4M	27.66M	21.68M	21.27M
Selling General & Admin Expenses, Total	2.94M	3.06M	3.22M	3.49M	3.8M
Depreciation & Amortization - (IS)	4.42M	4.8M	4.57M	4.9M	5.07M
Other Operating Expenses	1.43M	1.73M	1.8M	1.95M	2.12M
Other Operating Expenses, Total	8.79M	9.59M	9.59M	10.34M	11M
Operating Income	5.05M	14.82M	18.07M	11.34M	10.27M
Interest Expense, Total	-4.78M	-7.46M	-9.08M	-5.46M	-5.19M
Net Interest Expenses	-4.78M	-7.46M	-9.08M	-5.46M	-5.19M
Other Non Operating Income (Expenses)	-	-	-	-515K	-
EBT, Excl. Unusual Items	271K	7.36M	8.99M	5.37M	5.08M
Asset Writedown	-480K	-	-	-	-
EBT, Incl. Unusual Items	-209K	7.36M	8.99M	5.37M	5.08M
Earnings From Continuing Operations	-209K	7.36M	8.99M	5.37M	5.08M
Net Income to Company	-209K	7.36M	8.99M	5.37M	5.08M
Net Income - (IS)	-209K	7.36M	8.99M	5.37M	5.08M
Net Income to Common Incl Extra Items	-209K	7.36M	8.99M	5.37M	5.08M
Net Income to Common Excl. Extra Items	-209K	7.36M	8.99M	5.37M	5.08M
Per Share Items
Net EPS - Basic	-0.01	0.3	0.36	0.22	0.2
Basic EPS - Continuing Operations	-0.01	0.3	0.36	0.22	0.2
Basic Weighted Average Shares Outstanding	24.9M	24.9M	24.9M	24.9M	24.9M
Net EPS - Diluted	-0.01	0.3	0.36	0.22	0.2
Diluted EPS - Continuing Operations	-0.01	0.3	0.36	0.22	0.2
Diluted Weighted Average Shares Outstanding	24.9M	24.9M	24.9M	24.9M	24.9M
Normalized Basic EPS	0.01	0.18	0.23	0.13	0.13
Normalized Diluted EPS	0.01	0.18	0.23	0.13	0.13
Dividend Per Share	0.1	0.3	0.36	0.22	0.2
Payout Ratio	-2.53K	149.18	168.73	300.69	205.31
Supplemental Items
EBITDA	8.7M	18.77M	21.8M	15.41M	14.51M
EBITA	5.05M	14.82M	18.07M	11.34M	10.27M
EBIT	5.05M	14.82M	18.07M	11.34M	10.27M
EBITDAR	8.71M	18.78M	21.81M	15.42M	-
Total Revenues (As Reported)	15.66M	26.87M	30.52M	26.29M	25.52M
Normalized Net Income	169K	4.6M	5.62M	3.36M	3.18M
Interest on Long-Term Debt	4.78M	7.46M	9.08M	5.46M	5.19M
Supplemental Operating Expense Items
General and Administrative Expenses	1.44M	1.46M	1.36M	1.41M	1.55M
Net Rental Expense, Total	11K	10K	9K	7K	-
Imputed Operating Lease Interest Expense	1.09M	1.71M	1.45M	1.21M	-
Imputed Operating Lease Depreciation	-1.08M	-1.7M	-1.44M	-1.2M	-
Maintenance & Repair Expenses, Total	942K	1.45M	1.76M	3.15M	2.77M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.08M	9.62M	13.74M	7.34M	3.19M
Total Cash And Short Term Investments	4.08M	9.62M	13.74M	7.34M	3.19M
Accounts Receivable, Total	2.53M	2.21M	2.6M	2.35M	2.34M
Other Receivables	-	-	-	-	-
Total Receivables	2.53M	2.21M	2.6M	2.35M	2.34M
Prepaid Expenses	48K	77K	95K	112K	98K
Other Current Assets, Total	-	-	-	-	25K
Total Current Assets	6.66M	11.9M	16.44M	9.8M	5.65M
Gross Property Plant And Equipment	191M	193M	195M	199M	205M
Accumulated Depreciation	-98.46M	-101M	-105M	-107M	-110M
Net Property Plant And Equipment	92.78M	91.69M	90.11M	91.91M	94.67M
Other Intangibles, Total	105K	74K	32K	67K	59K
Loans Receivable Long-Term	750K	750K	750K	750K	750K
Other Long-Term Assets, Total	-	25K	25K	25K	-
Total Assets	100M	104M	107M	103M	101M
Liabilities
Accounts Payable, Total	1.64M	1.75M	1.95M	2.85M	1.8M
Current Portion of Leases	-	93K	98K	104K	-
Other Current Liabilities	4.59M	4.3M	5.71M	3.03M	2.92M
Total Current Liabilities	6.22M	6.14M	7.76M	5.98M	4.72M
Long-Term Debt	200K	200K	200K	1K	1K
Long-Term Leases	-	206K	104K	-	-
Unearned Revenue Non Current	10K	10K	9K	9K	9K
Other Non Current Liabilities	85.05M	85.05M	85.05M	85.05M	85.05M
Total Liabilities	91.48M	91.61M	93.12M	91.04M	89.78M
Common Stock, Total	85.05M	85.05M	85.05M	85.05M	85.05M
Retained Earnings	-76.25M	-72.22M	-70.82M	-73.54M	-73.7M
Total Common Equity	8.8M	12.83M	14.23M	11.51M	11.35M
Total Equity	8.8M	12.83M	14.23M	11.51M	11.35M
Total Liabilities And Equity	100M	104M	107M	103M	101M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.9M	24.9M	24.9M	24.9M	24.9M
ECS Total Common Shares Outstanding	24.9M	24.9M	24.9M	24.9M	24.9M
Book Value / Share	0.35	0.52	0.57	0.46	0.46
Tangible Book Value	8.7M	12.76M	14.2M	11.44M	11.29M
Tangible Book Value Per Share	0.35	0.51	0.57	0.46	0.45
Total Debt	200K	499K	402K	105K	1K
Net Debt	-3.88M	-9.12M	-13.34M	-7.24M	-3.18M
Debt Equivalent Oper. Leases	88K	80K	72K	56K	-
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	74.57M	74.93M	74.87M	76.71M	80.23M
Machinery, Total	63.4M	64.31M	66.04M	67.74M	70.85M
Full Time Employees	-	-	-	1	1
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-209K	7.36M	8.99M	5.37M	5.08M
Depreciation & Amortization - CF	4.36M	4.75M	4.52M	4.87M	5.04M
Depreciation & Amortization, Total	4.36M	4.75M	4.52M	4.87M	5.04M
Amortization of Deferred Charges, Total - (CF)	67K	48K	42K	31K	31K
(Gain) Loss From Sale Of Asset	-	9K	2K	15K	1K
Asset Writedown & Restructuring Costs	480K	-	-	-	-
Other Operating Activities, Total	4.59M	7.36M	8.99M	5.37M	5.08M
Change In Accounts Receivable	-750K	269K	-411K	236K	21K
Change In Accounts Payable	-124K	-21K	222K	862K	-694K
Change in Unearned Revenues	-3K	-	-	-	-
Cash from Operations	8.4M	19.78M	22.37M	16.75M	14.57M
Capital Expenditure	-1.63M	-3.17M	-2.97M	-6.72M	-8.18M
Sale of Property, Plant, and Equipment	-	-	-	11K	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	0	-	-	-	-
Cash from Investing	-1.63M	-3.17M	-2.97M	-6.7M	-8.18M
Long-Term Debt Issued, Total	6M	2.5M	-	-	3.7M
Total Debt Issued	6M	2.5M	-	-	3.7M
Long-Term Debt Repaid, Total	-6.37M	-2.59M	-92K	-297K	-3.8M
Total Debt Repaid	-6.37M	-2.59M	-92K	-297K	-3.8M
Common Dividends Paid	-5.28M	-10.98M	-15.17M	-16.15M	-10.44M
Common & Preferred Stock Dividends Paid	-5.28M	-10.98M	-15.17M	-16.15M	-10.44M
Cash from Financing	-5.65M	-11.07M	-15.27M	-16.45M	-10.54M
Net Change in Cash	1.12M	5.54M	4.13M	-6.4M	-4.16M
Supplemental Items
Cash Interest Paid	193K	96K	87K	88K	104K
Levered Free Cash Flow	4.23M	6.35M	8.41M	315K	-1.1M
Unlevered Free Cash Flow	7.21M	11.01M	14.09M	3.73M	2.14M
Change In Net Working Capital	-1.26M	-124K	-1.2M	1.54M	1.16M
Net Debt Issued / Repaid	-372K	-88K	-92K	-297K	-104K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.13	9.05	10.67	6.76	6.3
Return on Total Capital	29.64	82.94	80.79	54.02	55.91
Return On Equity %	-2.04	68.05	66.46	41.73	44.48
Return on Common Equity	-2.04	68.05	66.46	41.73	44.48
Margin Analysis
Gross Profit Margin %	88.36	90.81	90.65	82.47	83.35
SG&A Margin	18.77	11.38	10.56	13.28	14.9
EBITDA Margin %	55.55	69.83	71.43	58.61	56.86
EBITA Margin %	32.23	55.14	59.23	43.15	40.25
EBIT Margin %	32.23	55.14	59.23	43.15	40.25
Income From Continuing Operations Margin %	-1.33	27.39	29.47	20.43	19.92
Net Income Margin %	-1.33	27.39	29.47	20.43	19.92
Net Avail. For Common Margin %	-1.33	27.39	29.47	20.43	19.92
Normalized Net Income Margin	1.08	17.12	18.42	12.77	12.45
Levered Free Cash Flow Margin	26.98	23.63	27.57	1.2	-4.3
Unlevered Free Cash Flow Margin	46.04	40.97	46.17	14.17	8.41
Asset Turnover
Asset Turnover	0.16	0.26	0.29	0.25	0.25
Fixed Assets Turnover	0.17	0.29	0.34	0.29	0.27
Receivables Turnover (Average Receivables)	7.29	11.35	12.69	10.62	10.89
Short Term Liquidity
Current Ratio	1.07	1.94	2.12	1.64	1.2
Quick Ratio	1.06	1.92	2.11	1.62	1.17
Operating Cash Flow to Current Liabilities	1.35	3.22	2.88	2.8	3.09
Days Sales Outstanding (Average Receivables)	50.19	32.17	28.76	34.35	33.61
Average Days Payable Outstanding	327.45	250.03	236.41	190.06	200.53
Long Term Solvency
Total Debt/Equity	2.27	3.89	2.82	0.91	0.01
Total Debt / Total Capital	2.22	3.74	2.75	0.9	0.01
LT Debt/Equity	2.27	3.16	2.14	0.01	0.01
Long-Term Debt / Total Capital	2.22	3.05	2.08	0.01	0.01
Total Liabilities / Total Assets	91.22	87.72	86.74	88.78	88.78
EBIT / Interest Expense	1.06	1.99	1.99	2.08	1.98
EBITDA / Interest Expense	1.97	2.62	2.49	2.97	2.95
(EBITDA - Capex) / Interest Expense	1.63	2.2	2.16	1.74	1.37
Total Debt / EBITDA	0.02	0.03	0.02	0.01	0
Net Debt / EBITDA	-0.41	-0.47	-0.59	-0.45	-0.21
Total Debt / (EBITDA - Capex)	0.03	0.03	0.02	0.01	0
Net Debt / (EBITDA - Capex)	-0.5	-0.56	-0.68	-0.76	-0.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-17.82	71.58	13.55	-13.84	-2.94
Gross Profit, 1 Yr. Growth %	-14.96	76.33	13.35	-21.61	-1.9
EBITDA, 1 Yr. Growth %	-22.92	115.69	16.15	-29.31	-5.83
EBITA, 1 Yr. Growth %	-27.03	193.54	21.97	-37.23	-9.45
EBIT, 1 Yr. Growth %	-27.03	193.54	21.97	-37.23	-9.45
Earnings From Cont. Operations, 1 Yr. Growth %	-106.27	-3.62K	22.17	-40.28	-5.34
Net Income, 1 Yr. Growth %	-106.27	-3.62K	22.17	-40.28	-5.34
Normalized Net Income, 1 Yr. Growth %	-91.87	2.62K	22.17	-40.28	-5.34
Diluted EPS Before Extra, 1 Yr. Growth %	-106.27	-3.62K	22.17	-40.28	-5.34
Accounts Receivable, 1 Yr. Growth %	43.26	-12.77	17.9	-9.8	-0.3
Net Property, Plant and Equip., 1 Yr. Growth %	-3.22	-1.17	-1.73	2	3.01
Total Assets, 1 Yr. Growth %	-1.25	4.14	2.79	-4.47	-1.39
Tangible Book Value, 1 Yr. Growth %	-24.73	46.63	11.33	-19.42	-1.32
Common Equity, 1 Yr. Growth %	-24.82	45.72	10.94	-19.13	-1.38
Cash From Operations, 1 Yr. Growth %	-32.93	135.34	13.09	-25.1	-13.04
Capital Expenditures, 1 Yr. Growth %	-26	94.54	-6.4	126.13	21.86
Levered Free Cash Flow, 1 Yr. Growth %	-28.09	50.26	32.48	-96.26	-448.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-11.15	52.68	27.95	-73.55	-42.43
Dividend Per Share, 1 Yr. Growth %	-28.45	203.07	22.28	-40.03	-5.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-14.48	18.74	39.58	-1.09	-8.55
Gross Profit, 2 Yr. CAGR %	-14.81	22.45	41.37	-5.74	-12.31
EBITDA, 2 Yr. CAGR %	-22.53	28.93	58.28	-9.39	-18.41
EBITA, 2 Yr. CAGR %	-30.14	46.35	89.21	-12.5	-24.61
EBIT, 2 Yr. CAGR %	-30.14	46.35	89.21	-12.5	-24.61
Earnings From Cont. Operations, 2 Yr. CAGR %	-79.66	48.57	555.96	-14.58	-24.81
Net Income, 2 Yr. CAGR %	-79.66	48.57	555.96	-14.58	-24.81
Normalized Net Income, 2 Yr. CAGR %	-76.83	48.57	476.06	-14.58	-24.81
Diluted EPS Before Extra, 2 Yr. CAGR %	-79.66	48.57	555.98	-14.58	-24.81
Accounts Receivable, 2 Yr. CAGR %	6.68	11.79	1.41	3.12	-5.17
Net Property, Plant and Equip., 2 Yr. CAGR %	-3	-2.2	-1.45	0.12	2.5
Total Assets, 2 Yr. CAGR %	-2.23	1.41	3.46	-0.91	-2.94
Tangible Book Value, 2 Yr. CAGR %	-13.63	5.06	27.76	-5.29	-10.83
Common Equity, 2 Yr. CAGR %	-13.5	4.66	27.14	-5.28	-10.7
Cash From Operations, 2 Yr. CAGR %	-24.09	25.63	63.14	-7.97	-19.3
Capital Expenditures, 2 Yr. CAGR %	-36.4	19.99	34.94	45.49	66
Levered Free Cash Flow, 2 Yr. CAGR %	39.49	3.95	41.09	-77.74	-63.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.71	16.47	39.77	-41.83	-60.98
Dividend Per Share, 2 Yr. CAGR %	-30.63	47.26	92.51	-14.37	-24.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-11.24	7.86	16.98	18.84	-1.71
Gross Profit, 3 Yr. CAGR %	-11.83	8.57	19.34	16.14	-4.48
EBITDA, 3 Yr. CAGR %	-19.32	8.99	24.52	20.98	-8.22
EBITA, 3 Yr. CAGR %	-24.23	12.73	37.73	30.98	-11.5
EBIT, 3 Yr. CAGR %	-24.23	12.73	37.73	30.98	-11.5
Earnings From Cont. Operations, 3 Yr. CAGR %	-66.66	13.38	39.19	195.1	-11.61
Net Income, 3 Yr. CAGR %	-66.66	13.38	39.19	195.1	-11.61
Normalized Net Income, 3 Yr. CAGR %	-63.65	13.38	39.19	170.62	-11.61
Diluted EPS Before Extra, 3 Yr. CAGR %	-66.66	13.38	39.19	195.1	-11.61
Accounts Receivable, 3 Yr. CAGR %	11.22	-0.24	13.79	-2.47	1.97
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.39	-2.39	-2.04	-0.31	1.07
Total Assets, 3 Yr. CAGR %	-2.04	-0.15	1.87	0.75	-1.07
Tangible Book Value, 3 Yr. CAGR %	-12.35	3.04	7.11	9.57	-3.98
Common Equity, 3 Yr. CAGR %	-12.29	2.92	6.71	9.34	-4
Cash From Operations, 3 Yr. CAGR %	-21.18	10.68	21.3	25.85	-9.69
Capital Expenditures, 3 Yr. CAGR %	-26.61	-7.68	10.45	60.28	37.14
Levered Free Cash Flow, 3 Yr. CAGR %	-6.74	42.99	12.7	-57.93	-44.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.9	26.18	20.18	-19.76	-42.03
Dividend Per Share, 3 Yr. CAGR %	-24.7	13.41	38.41	30.5	-11.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9	3.77	6.38	4.19	6.01
Gross Profit, 5 Yr. CAGR %	-9.75	3.88	6.49	2.6	5.5
EBITDA, 5 Yr. CAGR %	-14.97	2.52	5.64	1.23	5.15
EBITA, 5 Yr. CAGR %	-19.7	4.13	9.27	1.86	8.23
EBIT, 5 Yr. CAGR %	-19.7	4.13	9.27	1.86	8.23
Earnings From Cont. Operations, 5 Yr. CAGR %	-51.11	4.34	9.78	1.24	8.8
Net Income, 5 Yr. CAGR %	-51.11	4.34	9.78	1.24	8.8
Normalized Net Income, 5 Yr. CAGR %	-48.5	4.34	9.78	1.24	8.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-51.11	4.34	9.78	1.24	8.8
Accounts Receivable, 5 Yr. CAGR %	3.42	-0.38	7.19	1.09	5.79
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.25	-2.02	-2.01	-1.4	-0.25
Total Assets, 5 Yr. CAGR %	-1.12	-0.94	0.12	-0.46	-0.08
Tangible Book Value, 5 Yr. CAGR %	-8.22	1.07	1.91	-0.38	-0.46
Common Equity, 5 Yr. CAGR %	-8.15	0.96	1.76	-0.44	-0.62
Cash From Operations, 5 Yr. CAGR %	-15.02	4.14	5.44	2.81	3.06
Capital Expenditures, 5 Yr. CAGR %	-10.54	-13.92	-6.36	10.74	30
Levered Free Cash Flow, 5 Yr. CAGR %	-8.78	60.51	10.06	-32.05	-28.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.85	19.92	9.53	-7.43	-23.37
Dividend Per Share, 5 Yr. CAGR %	-20.14	4.35	9.61	1.35	8.4