Reef Casino Trust (ASX:RCT) Provides Distribution and Trading Update for H1 FY26

Aditi Sarkar

19 June 2026 12:41 PM AEST

Reef Casino Trust (ASX:RCT) Provides Distribution and Trading Update for H1 FY26

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Highlights

Reef Casino Trust estimated a H1 FY26 distribution of 6.83 cents per unit.
Estimated distributable profit for the six months to 30 June 2026 increased to AUD 3.4 million from AUD 3.3 million in the prior corresponding period.
Revenue at the Reef Hotel Casino complex was slightly higher year-on-year, supported by continued local and visitor patronage.

Reef Casino Trust (ASX:RCT) has announced an estimated distribution of 6.83 cents per unit for the six months ending 30 June 2026, representing a total estimated distribution of approximately AUD 3.4 million. The estimate reflects the Trust's policy of distributing 100% of distributable profit to unitholders.

The final distribution amount will be determined following the approval of the Trust's audited half-year results at a board meeting scheduled for 20 August 2026. Subject to approval, the estimated distribution is expected to be paid on 9 September 2026, with an ex-distribution date of 29 June 2026 and a record date of 30 June 2026.

During the afternoon session on 19 June 2026, Reef Casino Trust units traded at AUD 3.50. Over the past 12 months, the units have gained 11.11%.

Trading Performance Remains Profitable

The Trust reported that trading performance during the first five months of 2026 remained profitable, with management estimating distributable profit of approximately AUD 3.4 million for the six months ending 30 June 2026. This compares with approximately AUD 3.3 million achieved during the corresponding period in 2025.

According to the Trust, the improvement was supported by slightly higher revenue generated from the Reef Hotel Casino complex, driven by ongoing support from both local patrons and visitors to Cairns. While operating costs at the complex increased marginally compared to the prior corresponding period, lower Trust-level costs helped offset part of the increase.

Revenue Supported by Tourism and Local Patronage

The Reef Hotel Casino complex remains the Trust's sole operating asset and continues to benefit from visitor activity and local customer engagement. Located in Cairns, North Queensland, the property incorporates gaming facilities, hospitality operations and accommodation through the Pullman Reef Hotel Casino.

Management indicated that revenue trends during the first half of 2026 were modestly ahead of the previous year, highlighting continued customer demand across the complex's offerings.

Estimated Net Profit of AUD 1.7 Million

For the six-month period ending 30 June 2026, Reef Casino Trust expects to report estimated net profit of approximately AUD 1.7 million after accounting for distributions to unitholders.

Under International Financial Reporting Standards (IFRS), distributions paid to unitholders are treated as finance costs. Consequently, distributable profit and accounting net profit differ, with distributable profit remaining the primary measure used to determine distributions under the Trust's constitution.

Distribution Details

The announced estimated distribution of 6.83 cents per unit is currently unfranked and represents the full amount expected to be distributed from the period's distributable profit.

Key distribution dates include:

Ex-distribution date: 29 June 2026
Record date: 30 June 2026
Expected payment date: 9 September 2026
Final distribution confirmation: 20 August 2026

The Trust confirmed that tax component information will be made available to investors prior to the payment date through its investor information portal.

About Reef Casino Trust

Reef Casino Trust is a single-purpose Australian trust that owns and leases the Reef Hotel Casino complex in Cairns. The complex includes casino gaming operations, accommodation, dining and entertainment facilities, serving both tourism and local markets.

The Trust's responsible entity is Reef Corporate Services Limited.

Outlook

With first-half distributable profit expected to exceed the prior corresponding period and revenues tracking slightly higher year-on-year, Reef Casino Trust remains positioned to deliver another period of full profit distribution to unitholders. Investors are expected to receive further details when the Trust releases its audited half-year results in August 2026.

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