• Revenue increased 11.8% to $2,614.6m
• Statutory NPAT was $36.6m, up from a $1,359.7m loss
• NPAT before significant items increased 76.8% to $49.5m
• EBITDA before significant items increased 23.2% to $391.5m
• Announced 2.0cps unfranked dividend for FY25

Tabcorp Holdings Limited has reported its results for the full year ended 30 June 2025, with significant improvements across key financial metrics. Group revenue increased 11.8% to $2,614.6m, while statutory net profit after tax (NPAT) was $36.6m, compared to a net loss of $1,359.7m in the prior year. NPAT before significant items increased 76.8% to $49.5m, and EBITDA before significant items grew 23.2% to $391.5m. The company's FY25 financial performance was boosted by the new Victorian Wagering and Betting Licence, which contributed an estimated EBITDA uplift of $83.7m. Tabcorp also implemented a zero-based cost design model, streamlining operations and removing approximately 230 roles. The company strengthened its leadership and capability, with five new Executive Leadership Team members appointed during the year. Tabcorp announced an unfranked final dividend of 1.0 cents per share, with total dividends for the year amounting to 2.0 cents per share unfranked, representing a payout ratio of 51% of NPAT before significant and certain non-cash items.

Tabcorp expects the wagering market to modestly grow year-on-year, and the momentum built in FY25 has the company well positioned as it executes on its evolved strategy.