Melbourne Racing Club’s gaming interests helped deliver record revenue of $281.4 million for the club, while the $10.9 million cost of servicing substantial debts kept the group in deficit for another year.
The $10.6 million net loss for the 2025/26 financial year was a $4.1 million improvement on the previous year’s $14.7 million deficit. Underlying EBITDA was $31.5 million, while operating cash flow remained positive at $20.3 million.
But as bank debts continued to increase by $19.5 million to $197.7 million, the club is still awaiting the progression of a sale of a…