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Reef Casino Trust operates as an owner and lessor of the Reef Hotel Casino complex located in Cairns in North Queensland, Australia. The company provides various dine options comprising Tamarind Restaurant, Soy Kitchen Street Food, Merchant Café, and Flinders Bar and Grill restaurants. It offers venues, including Lihou bar, Bar36, Tamarind private dining, and a sports arena for events and conferences, and weddings. The company was founded in 1993 and is based in Cairns, Australia. Reef Casino Trust operates as a subsidiary of Reef Casino Investments Pty Ltd. As of August 14, 2026, Reef Casino Trust operates as a subsidiary of Iris Cairns Property Trust.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Reef Casino Trust is an ASX-listed trust that owns and leases the Reef Hotel Casino in Cairns, offering exposure to gaming, hospitality and commercial property. Long-term growth drivers include recovery in inbound and domestic tourism, discretionary spending and stable lease cash flows, which may support predictable income for investors.
Key risks are concentration in a single Cairns asset with performance tied to the operator and lease, sensitivity to tourism and economic cycles, and possible regulatory or licensing changes affecting gaming revenues.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 5.41M | 5.08M | 5.37M | 8.99M | 7.36M |
| Net income | 5.41M | 5.08M | 5.37M | 8.99M | 7.36M |
| Selling general administrative | 6.89M | 1.55M | 1.41M | 1.36M | 1.46M |
| Selling and marketing expenses | - | 2.25M | 2.08M | 1.86M | 1.59M |
| Gross profit | 12.31M | 21.27M | 21.68M | 22.92M | 19.16M |
| Reconciled depreciation | - | 5.07M | 4.90M | 4.57M | 4.80M |
| Ebit | 11.01M | 10.27M | 10.81M | 18.07M | 14.81M |
| Ebitda | 16.44M | 15.34M | 15.71M | 22.64M | 19.61M |
| Depreciation and amortization | 5.42M | 5.07M | 4.90M | 4.57M | 4.80M |
| Operating income | 11.02M | 10.27M | 10.83M | 18.07M | 14.81M |
| Other operating expenses | 15.72M | 15.25M | 15.46M | 12.44M | 12.06M |
| Interest expense | 5.60M | 5.19M | 5.46M | 9.08M | 7.46M |
| Tax provision | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 5.60M | 0.16M | 0.21M | 0.08M | 0.05M |
| Net interest income | - | -5.03M | -5.25M | -9.00M | -7.40M |
| Income tax expense | - | - | 4.73M | 4.34M | 4.56M |
| Total revenue | 26.75M | 25.52M | 26.29M | 30.51M | 26.86M |
| Total operating expenses | 1.29M | 11.00M | 10.85M | 9.59M | 9.59M |
| Cost of revenue | 14.44M | 4.25M | 4.61M | 7.59M | 7.71M |
| Total other income expense net | -5.61M | -5.19M | -5.46M | -9.08M | -7.46M |
| Net income from continuing ops | - | 5.08M | 5.37M | 8.99M | 7.36M |
| Net income applicable to common shares | 5.41M | 5.08M | 5.37M | 8.99M | 7.36M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 103.62M | 101.13M | 102.55M | 107.36M | 104.44M |
| Intangible assets | 0.11M | 0.06M | 0.07M | 0.03M | 0.07M |
| Other current assets | - | - | -10.55M | 0.10M | 0.08M |
| Total liab | 91.42M | 89.78M | 91.04M | 93.12M | 91.61M |
| Total stockholder equity | 12.19M | 11.35M | 11.51M | 14.23M | 12.83M |
| Other current liab | - | - | 3.03M | 5.71M | 4.30M |
| Common stock | 85.05M | - | 85.05M | 85.05M | 85.05M |
| Capital stock | - | 85.05M | 85.05M | 85.05M | 85.05M |
| Retained earnings | -86.64M | -86.64M | -86.64M | -86.64M | -86.64M |
| Other liab | - | - | - | 85.06M | 85.06M |
| Other assets | - | - | - | 0.78M | 0.78M |
| Cash | 3.81M | 3.19M | 7.34M | 13.74M | 9.62M |
| Total current liabilities | - | 4.72M | 5.98M | 7.76M | 6.14M |
| Net debt | 82.24M | - | 77.81M | 71.71M | 75.94M |
| Short term debt | - | - | 0.10M | 0.10M | 0.09M |
| Short long term debt total | 86.05M | - | 85.16M | 85.45M | 85.55M |
| Property plant equipment | - | - | - | 90.11M | 91.69M |
| Total current assets | 7.15M | 5.65M | 9.80M | 16.44M | 11.90M |
| Net tangible assets | - | - | - | 14.20M | 12.76M |
| Net receivables | 3.34M | 2.37M | 3.21M | 2.60M | 2.21M |
| Long term debt | - | 0.00M | 85.05M | 85.25M | 85.25M |
| Accounts payable | - | 1.80M | 2.85M | 1.95M | 1.75M |
| Accumulated other comprehensive income | 13.78M | - | 13.10M | 15.82M | 14.42M |
| Non currrent assets other | - | - | 0.78M | 0.78M | 0.78M |
| Non current assets total | 96.47M | 95.48M | 92.75M | 90.91M | 92.54M |
| Capital lease obligations | - | - | 0.10M | 0.20M | 0.30M |
| Long term debt total | - | - | - | 0.30M | 0.41M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -8.18M | -6.71M | -2.97M | -3.17M |
| Change to liabilities | - | - | - | 0.22M | -0.02M |
| Total cashflows from investing activities | -7.20M | -8.18M | -6.71M | -2.97M | -3.17M |
| Net borrowings | - | 0.00M | -0.20M | -0.09M | -0.09M |
| Total cash from financing activities | -8.13M | -10.54M | -16.45M | -15.27M | -11.07M |
| Change to operating activities | - | - | - | - | 0.25M |
| Net income | - | 5.08M | 5.37M | -0.09M | 7.36M |
| Change in cash | 0.63M | -4.16M | -6.40M | 4.13M | 5.54M |
| Begin period cash flow | 3.19M | 7.34M | 13.74M | 9.62M | 4.08M |
| End period cash flow | - | 3.19M | 7.34M | 13.74M | 9.62M |
| Total cash from operating activities | 15.96M | 14.57M | 16.75M | 4.48M | 4.80M |
| Depreciation | - | - | 4.90M | 4.57M | 4.80M |
| Other cashflows from investing activities | 0.04M | 0.00M | 0.01M | - | 0.00M |
| Dividends paid | 9.13M | -10.44M | -16.15M | -15.17M | -10.98M |
| Change to account receivables | - | 0.02M | 0.24M | -0.41M | 0.27M |
| Other cashflows from financing activities | - | -0.10M | -0.10M | -0.09M | 2.41M |
| Change to netincome | - | - | - | 8.99M | 7.37M |
| Capital expenditures | 7.24M | 8.18M | 6.72M | 2.97M | 3.17M |
| Change in working capital | 0.12M | 0.02M | 1.10M | 0.07M | 0.05M |
| Other non cash items | - | 14.55M | 5.39M | -4.48M | -12.16M |
| Free cash flow | - | 6.38M | 10.04M | 1.51M | -3.17M |
Sector: Consumer Cyclical Industry: Resorts & Casinos
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RCT Reef Casino Trust |
-0.05 1.08% |
4.56 | 21.09 | 20.70 | 8.76 | 22.58 | 8.91 | 13.95 |
| SGR The Star Entertainment Group Ltd |
- -% |
0.17 | - | 47.85 | 0.85 | 2.86 | 1.26 | -2.40 |
| SKC Skycity Entertainment Group Ltd |
-0.01 0.88% |
0.56 | 28.50 | 21.46 | 0.77 | 0.50 | 1.72 | 10.02 |
Reef Casino Trust operates as an owner and lessor of the Reef Hotel Casino complex located in Cairns in North Queensland, Australia. The company provides various dine options comprising Tamarind Restaurant, Soy Kitchen Street Food, Merchant Café, and Flinders Bar and Grill restaurants. It offers venues, including Lihou bar, Bar36, Tamarind private dining, and a sports arena for events and conferences, and weddings. The company was founded in 1993 and is based in Cairns, Australia. Reef Casino Trust operates as a subsidiary of Reef Casino Investments Pty Ltd. As of August 14, 2026, Reef Casino Trust operates as a subsidiary of Iris Cairns Property Trust.
35-41 Wharf Street, Cairns, QLD, Australia, 4870
61 7 3211 3000
1
| Name | Title | Year Born |
|---|---|---|
| Mr. Allan Tan | CEO of Reef Hotel Casino & Exec. Director of Reef Corp. Services Ltd | NA |
| Ms. Alison Galligan | Company Sec. of Reef Corp. Services Limited | NA |
| Ms. Alison Galligan | Company Secretary of Reef Corporate Services Limited | NA |
| Mr. Bradley Sheahon | Chief Executive Officer of RCS & RCT | NA |
| Ms. Alison Galligan | Company Secretary of Reef Corporate Services Limited | NA |
| Mr. Bradley Sheahon | Chief Executive Officer of RCS & RCT | NA |
| Ms. Alison Galligan | Company Secretary of Reef Corporate Services Limited | NA |
| Mr. Bradley Sheahon | Chief Executive Officer of RCS & RCT | NA |
| Ms. Alison Galligan | Company Secretary of Reef Corporate Services Limited | NA |
| Mr. Bradley Sheahon | Chief Executive Officer of RCS & RCT | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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Basic Materials
-1.26%
Communication Services
-0.18%
Consumer Cyclical
-0.36%
Consumer Defensive
+0.07%
Energy
-0.01%
Financial Services
-0.26%
Financials
-2.20%
Healthcare
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Industrials
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Real Estate
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Technology
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Utilities
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Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.
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