Reef Casino Trust reports AU$5.41m FY25 profit as Iris bid progresses
Reef Casino Trust reported net profit of AU$5.41m for 2025, up 6.4%, while its revenue rose 4.8% to AU$26.74m. Iris’s off-market acquisition offer increased to AU$3.87 per unit and values the trust at AU$192.7m; completion remains subject to an 80% acceptance threshold and approvals, with Queensland licensing checks expected to continue until the end of May.
The bid’s completion depends on unitholder acceptance and regulatory approvals, including Queensland licensing checks.