UPLOAD Filing
Super Group (SGHC) Ltd
Date: July 9, 2025 · CIK: 0001878057 · Accession: 0000000000-25-007211
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-41253
Letter
Re: Super Group (SGHC) Limited Form 20-F for Fiscal Year Ended December 31, 2024 File No. 001-41253 Dear Alinda Van Wyk:
July 9, 2025
Alinda Van Wyk Chief Financial Officer Super Group (SGHC) Limited Kingsway House Havilland Street St Peter Port, Guernsey, GY1 2QE
We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s).
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 20-F for Fiscal Year Ended December 31, 2024 Item 5.A. Operating Results Results of Operations Year Ended December 31, 2024, Compared to the Year Ended December 31, 2023 Revenue, page 80
1. Please quantify all factors cited for the variances in each revenue category, particularly in regard to changes in the volume or amount of products/offerings provided or to the introduction of new products/offerings cited in your analysis. Refer to the introductory paragraph of Item 5 and Item 5.A.1 of Form 20-F. Additionally, explain what "margins" you cite refers to and how changes therein affect your revenue. July 9, 2025 Page 2 Notes to Consolidated Financial Statements Note 2. Accounting policies, page F-9
2. Please explain to us why you do not present accounting polices for net gaming revenue, gaming incentives including bonuses, comps and payments to game suppliers, and affiliate(s) marketing. In regards to affiliates marketing and payments to game suppliers, explain to us what each represents and your basis of recognition, how amounts for each are incurred, the basis for these amounts, how they are paid, and where initial amounts incurred are reported in the statement of cash flows.
Note 11.1 Exit from U.S. sportsbook market, page F-43
3. Please explain to us your consideration of presenting and disclosing the exit from the U.S. sportsbook market as discontinued operations in your financial statements for the years ended December 31, 2024 and 2023. Refer to the guidance in IFRS 5 and specifically the presentation and disclosure requirements of paragraphs 30 through 34.
In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Trade &
Services
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> July 9, 2025 Alinda Van Wyk Chief Financial Officer Super Group (SGHC) Limited Kingsway House Havilland Street St Peter Port, Guernsey, GY1 2QE Re: Super Group (SGHC) Limited Form 20-F for Fiscal Year Ended December 31, 2024 File No. 001-41253 Dear Alinda Van Wyk: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 20-F for Fiscal Year Ended December 31, 2024 Item 5.A. Operating Results Results of Operations Year Ended December 31, 2024, Compared to the Year Ended December 31, 2023 Revenue, page 80 1. Please quantify all factors cited for the variances in each revenue category, particularly in regard to changes in the volume or amount of products/offerings provided or to the introduction of new products/offerings cited in your analysis. Refer to the introductory paragraph of Item 5 and Item 5.A.1 of Form 20-F. Additionally, explain what "margins" you cite refers to and how changes therein affect your revenue. July 9, 2025 Page 2 Notes to Consolidated Financial Statements Note 2. Accounting policies, page F-9 2. Please explain to us why you do not present accounting polices for net gaming revenue, gaming incentives including bonuses, comps and payments to game suppliers, and affiliate(s) marketing. In regards to affiliates marketing and payments to game suppliers, explain to us what each represents and your basis of recognition, how amounts for each are incurred, the basis for these amounts, how they are paid, and where initial amounts incurred are reported in the statement of cash flows. Note 11.1 Exit from U.S. sportsbook market, page F-43 3. Please explain to us your consideration of presenting and disclosing the exit from the U.S. sportsbook market as discontinued operations in your financial statements for the years ended December 31, 2024 and 2023. Refer to the guidance in IFRS 5 and specifically the presentation and disclosure requirements of paragraphs 30 through 34. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services </TEXT> </DOCUMENT>