Australia · Delayed Price · Currency is AUD Tabcorp Holdings Earnings Call Transcripts
Fiscal Year 2026
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Earnings and margins grew in H1 FY26 despite low wagering yields, driven by cost discipline, product innovation, and strong engagement among younger customers. CapEx and leverage declined, with a robust balance sheet supporting ongoing strategic initiatives.
Fiscal Year 2025
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AGM highlighted strong financial turnaround, with revenue and profit growth, cost savings, and a strengthened balance sheet. Strategic focus included digital transformation, retail innovation, and enhanced compliance, with all resolutions receiving strong shareholder support.
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Double-digit growth in revenue, EBITDA, and EBIT was achieved, driven by licence benefits, cost savings, and operational improvements. The balance sheet strengthened with reduced net debt and leverage, while new customer offerings and digital initiatives support future growth.
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Double-digit earnings and revenue growth were achieved, driven by the reformed VIC license and cost discipline. Strategic focus is shifting to an omnichannel approach, with continued investment in retail, media, and technology, while maintaining strong capital discipline and a robust balance sheet.
Fiscal Year 2024
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The AGM highlighted a challenging year with revenue and EBITDA declines, significant impairments, and a renewed focus on cost efficiency, digital transformation, and regulatory reform. Leadership transitions and strategic initiatives, including a new Victorian license and safer gambling strategy, aim to position the company for future growth.
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FY 2024 saw EBITDA fall 19% and a statutory net loss of AUD 1.36 billion due to impairments, with revenue and digital turnover declining amid persistent inflation and regulatory headwinds. The company will not meet TAB25 targets but is targeting cost savings and a revised leverage ratio, while focusing on transformation and growth opportunities.