Half Year Results ASX Announcement
| Stock | Jumbo Interactive Ltd (JIN.ASX) |
|---|---|
| Release Time | 21 Feb 2025, 8:25 a.m. |
| Price Sensitive | Yes |
Jumbo delivers resilient 1H25 performance
- TTV down 6.4% to $453.4 million
- Revenue down 10.5% to $66.1 million
- Underlying EBITDA down 12.9% to $30.6 million
Jumbo Interactive Limited (ASX:JIN) announced its results for the half year ended 31 December 2024. The large jackpot environment in the first six months of FY25 was relatively subdued, prompting changes to marketing techniques and cost base management. The successful launch of Jumbo's proprietary 'Daily Winners' Premium loyalty program had a positive effect on its core Powerball and OzLotto games and helped with player engagement in a low jackpot period. Progress in Canada and the UK remains on track under new leadership, and the balance sheet remains strong with available cash of over $50 million. Key financial metrics include: TTV down 6.4% to $453.4 million, revenue down 10.5% to $66.1 million, underlying EBITDA down 12.9% to $30.6 million, underlying NPATA down 10.8% to $18.6 million, and underlying EPSA down 10.6% to 29.6 cents per share. The Board determined to pay an interim, fully franked dividend of 24.0 cents per share. Jumbo remains on track to deliver its FY25 Outlook as announced at the FY24 Results briefing on 23 August 2024.
Jumbo reaffirmed its FY25 Outlook, including underlying EBITDA margin expectations and the underpinning assumptions as announced at the FY24 Results briefing on 23 August 2024.
Jumbo remains on track to deliver its FY25 Outlook as announced at the FY24 Results briefing on 23 August 2024.