FY25 Results - Media Release
| Stock | Jumbo Interactive Ltd (JIN.ASX) |
|---|---|
| Release Time | 26 Aug 2025, 8:44 a.m. |
| Price Sensitive | Yes |
Jumbo delivers resilient FY25 results amid subdued large jackpots
- Achieved second highest profit on record, continuing near decade-long growth
- Grew business outside of Australian Lottobloc games, including international, charity and SaaS businesses
- Lottery Retailing TTV down 15.9% due to fewer large jackpots, but player engagement remains strong
Jumbo Interactive Limited (ASX:JIN) announced its results for the full year ended 30 June 2025. The company achieved its second highest profit on record, surpassed only by the exceptional FY24 which saw unprecedented jackpot activity, including a record $200 million Powerball. This performance continues a near decade-long track record of year-on-year growth, with FY15 the last time the company did not exceed the prior year's result. Jumbo's focus on growing the business outside of the Australian Lottobloc games such as Powerball and Oz Lotto was a key driver, with the company's international businesses, charity and SaaS businesses, and proprietary games and programs all delivering strong growth. In the Lottery Retailing division, despite a similar number of large jackpots, the total Division 1 prize pool declined by 15.9% from the previous year, and there were no jackpots greater than $100 million, compared to three in FY24. This led to Lottery Retailing TTV being down 15.9% on the prior corresponding period. However, player engagement remained strong, supported by changes to the marketing playbook and growth in Daily Winners participation. The SaaS segment continued to grow strongly, exceeding $250 million in TTV and $10 million in external revenue, driven by new client wins, key partnership extensions and strong organic growth. Managed Services, which includes Jumbo's subsidiaries in the UK and Canada, also delivered improved EBITDA performance reflecting modest revenue growth and cost discipline. The company's ongoing positive cash generation and strong balance sheet enabled the Board to maintain the full year ordinary dividend at 54.5 cents per share, fully franked.
For FY26, Jumbo expects: - Australia EBITDA margin range of 46% to 50% - Lottery Retailing TTV to be driven by large jackpot frequency and size, as well as strong charity and proprietary products momentum - SaaS revenue growth aligned to TTV, with revenue margin to remain stable - Lottery Retailing marketing and promotions costs of 2.5% - 3.0% and 0.5% -1.0% of Lottery Retailing TTV respectively - UK Managed Services EBITDA growth of 10 - 15%, and Canada EBITDA growth of 5 - 10%
Jumbo remains focused on accelerating growth through targeted acquisitions, while maintaining a disciplined approach to capital management, including a targeted dividend payout ratio of 65% to 85% of statutory NPAT and an opportunistic on-market share buy-back program.