Appendix 4D and Half Year Financial Statements
| Stock | Jumbo Interactive Ltd (JIN.ASX) |
|---|---|
| Release Time | 21 Feb 2025, 8:25 a.m. |
| Price Sensitive | Yes |
Jumbo Interactive Reports H1 FY2025 Results
- Lottery Retailing TTV and revenue declined due to subdued jackpot environment
- SaaS segment TTV increased 10.4% with slower revenue growth
- Managed Services segment TTV and revenue down 4.2% and 5.7% respectively
Jumbo Interactive Limited reported its financial results for the half year ended 31 December 2024. The Lottery Retailing segment, which is the largest contributor to the Group's revenue and profits, saw a 15.3% decline in TTV and a 12.7% decline in revenue due to a relatively subdued jackpot environment compared to the prior corresponding period. The SaaS segment reported a 10.4% increase in TTV, but a slower 1.6% increase in external revenue, reflecting the revised license fee structures and portfolio mix. The Managed Services segment, which includes Jumbo's subsidiaries in the UK and Canada, saw a 4.2% decline in TTV and a 5.7% decline in revenue, with the Canadian operations being impacted by the re-evaluation of customer contracts across the lottery value chain. The Group's financial position remains sound, with strong liquidity and access to additional debt facilities. The company continues to invest in its proprietary software platform, marketing activities, and employees to support the long-term growth of the business.