Australia’s Reef Casino Trust delivered a solid financial performance in FY25, reporting a 6.4 percent rise in net profit to AU$5.41 million, supported by steady rental income from the Reef Hotel Casino in Cairns. Revenue climbed 4.8 percent to AU$26.74 million, underscoring the resilience of its property-linked earnings model. The results arrive as property investor Iris continues discussions to acquire the trust, a move that could reshape its ownership structure.