SkyCity Requests Trading Halt Ahead of FY 2025 Report & Capital Raise  

SkyCity Entertainment Group Limited, a major tourism, leisure and entertainment company in New Zealand and Australia, has requested a trading halt ahead of its next financial report. The company noted that the halt will allow it to wrap up the details of a potential capital raise.

SkyCity Wants to Maintain an Orderly Market

In its official request, SkyCity reached out to the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX), asking for a trading halt to be placed on its business. Under the halt, the company’s ordinary shares and corporate bonds will temporarily cease trading.

SkyCity explained that the request comes ahead of the publication of its financial results for the fiscal year (the 12-month period ended June 30, 2025). The company further elaborated that it expects to make a material announcement regarding a capital raise together with the publication of its fiscal report.

The company, which confirmed its awareness of certain media reports regarding the proposed capital raise, clarified that the final details are still being determined and that it cannot further comment on the matter at this time.

SkyCity therefore requested the trading halt in hopes of maintaining an “orderly market” until the details of the capital raise have been determined.

Accordingly, a trading halt is required to maintain an orderly market while SkyCity works to finalise the capital raise and its FY25 Results, which will be consistent with the updated FY25 full year earnings guidance announced by SkyCity on 6 May 2025.

SkyCity statement

SkyCity Requested the Trading Halt to Kick off Immediately

The company elaborated that it would like the trading halt to begin right away and last an additional trading day until the opening of trading on the NZX on August 21, 2025. It added that it expects the halt to end once it is “in a position to announce the capital raise, or advise that no capital raise will proceed, and release its FY25 results.”

SkyCity noted that if its capital raise proceeds, it may require an additional day of trading halt and clarified that this will be required to complete the institutional components associated with such an initiative.

As of the time of this writing, trading of SkyCity’s shares on the ASX and NZX has been halted.