• Revenues up 10.1% to $1,331.3m
• NPAT of $25.3m after significant items net benefit of $3.2m
• EBITDA before significant items up 12.0% to $190.2m

In 1H25, Tabcorp Holdings Limited reported revenues of $1,331.3m, up 10.1% on the prior corresponding period. The Group reported NPAT of $25.3m after significant items net benefit totaling $3.2m (after tax). This compared to a net loss after tax of $636.8m in the prior corresponding period which was impacted by a non-cash impairment charge. Group EBITDA before significant items was $190.2m, up 12.0% on the prior corresponding period. The 25.6% improvement in NPAT before significant items reflects the benefits from the successful transition to the reformed Victorian Wagering and Betting Licence, cost discipline and increased competitiveness. The Group's balance sheet remains in a strong position, with net assets of $1,270.0m and net debt of $753.0m as at 31 December 2024.