• Resilient performance despite unfavorable jackpot outcomes
• Victorian licence extension for 40 years
• Continued growth in Keno
• Dividend maintained at 16.5 cps, fully franked
• New operating model and strategy for growth

The Lottery Corporation Limited (ASX: TLC) announced its full-year results for FY26, showcasing resilience in an especially unfavorable period for jackpots, which had a 1 in 45-year probability. The company's performance was bolstered by the extension of the Victorian lottery license for 40 years, which significantly strengthened the portfolio duration and certainty. There was continued growth in Keno, and the company maintained disciplined cost management and reduced operating expenses. The full-year dividend was maintained at 16.5 cents per share, fully franked, reflecting confidence in the health of the business and growth outlook. The company introduced a new, leaner, and more accountable operating model to support the next stage of its strategy and accelerate growth.

FY27: Operating expenses $305m-$315m, Depreciation & amortisation $125m-$130m, Capital expenditure c.$100m

The Lottery Corporation is focused on executing its strategic priorities to grow participation and engagement, improve the customer experience, and manage costs and capital with discipline.