Key points
- EBITDA margin improved by 140bps to 16.4%
- Domestic wagering turnover increased by 0.9%
- Group Revenue increased by 0.8% to $2,636.3M
- Acquisition of BetMakers expected to complete in 3Q FY27
- Digital active customers grew by 26% during FIFA World Cup
Full summary
Tabcorp Holdings Limited presented its full-year results for FY26, showing a 0.8% increase in group revenue to $2,636.3 million. The company achieved a 140bps improvement in EBITDA margin to 16.4%, driven by cost control and positive operating leverage. Domestic wagering turnover grew by 0.9%, with notable increases during the FIFA World Cup. Group EBITDA rose by 10.3% to $431.7 million, and EBIT increased by 15.9% to $218.7 million. The company also announced the strategic acquisition of BetMakers, expected to complete in 3Q FY27, which is anticipated to accelerate technology modernization and establish a global B2B growth engine. Additionally, Tabcorp rolled out TAB LIVE in over 100 retail venues and secured key domestic and international rights.
Guidance
FY27 capex up to $160M, D&A $225M-$235M, double-digit EPS accretion expected from Year 3
Outlook
Tabcorp is focused on continued cost and capital discipline, strategic delivery, and operational excellence. The company aims to drive growth through its unique assets, differentiated customer offer, and financial discipline.