• Resilient Lottery Retailing performance amid subdued jackpot environment
• Positive SaaS momentum with underlying charity TTV growth of 20%
• Measured cost approach with progress on Canada and UK operations

Jumbo Interactive Ltd reported its 1H25 results, with Total Transaction Value (TTV) of $453.4 million, down 6.4% from 1H24, and underlying EBITDA of $30.6 million, down 12.9%. This was primarily due to a subdued jackpot environment, with fewer large Powerball and Oz Lotto jackpots compared to the prior period. The company's Lottery Retailing segment saw resilient performance, with active players of 1.04 million and digital penetration of 40.4%. The SaaS segment continued its positive momentum, with underlying charity TTV growth of 20% and a 21.3% increase in active players. In the Managed Services segment, the company made progress in the UK and Canada, with 13 new client lottery launches, record Christmas Superdraw performance, and high client satisfaction scores. The company maintained a disciplined cost approach, with operating expenses down 5.4% compared to 1H24.Jumbo's balance sheet remained strong, with available funds of $52.7 million and an accelerated on-market share buyback program. The company declared a 1H25 dividend of 24 cents per share, reflecting a payout ratio of 84.2% of statutory net profit after tax.

The company noted proposed game changes by The Lottery Corporation, including enhanced divisional prize pools and price increases for Saturday Lotto and Powerball. Jumbo will increase the price of Saturday Lotto by 5 cents, over and above the base price increase. The company also highlighted the launch of its new Premium Tier loyalty program, which has already reached 30,000 members.