Tabcorp posts 10.3% EBITDA growth
The Australian wagering group has reported US$1.89bn in full-year revenue.
Australia.- Tabcorp has announced its financial results for the financial year ended June 30, 2026. Group revenue reached AU$2.64bn (US$1.89bn), up 0.8 per cent year-on-year, while net profit after tax before significant items increased 43.6 per cent to AU$71.1m (US$50.9m). Statutory net profit after tax rose 26.5 per cent to AU$46.3m (US$33.2m).
Tabcorp reported a 10.3 per cent increase in group EBITDA to AU$431.7m (US$309.3m), and the EBITDA margin improved by 140 basis points to 16.4 per cent.
Wagering and Media remained the company’s largest business, generating revenue of AU$2.45bn (US$1.76bn), up 0.7 per cent, while EBITDA increased 9.9 per cent to AU$361.8m (US$259.2m). Domestic wagering revenue increased 0.9 per cent, supported by improved trading conditions, while domestic wagering turnover rose 0.9 per cent. Sport turnover increased 8.3 per cent and Digital-In-Venue turnover grew 9.1 per cent.
International wagering revenue, however, declined 3.7 per cent due to softer trading, particularly Hong Kong, during the second half of the financial year. Media revenue increased 1.9 per cent to AU$377.8m (US$270.7m), driven by strong international export performance.
Gillon McLachlan, Tabcorp CEO and managing director, highlighted the implementation of a new retail commercial model, the upcoming launch of the National Tote, the rollout of TAB LIVE and new Next-Gen terminals, as well as renewed domestic and global media rights partnerships.
“The first two stages of our transformation were to get fit and operationalise our game plan. We’ve done that and we’re ready to enter the growth phase of our transformation,” he said.
The company’s next phase will also be supported by its proposed acquisition of wagering technology provider BetMakers Technology Group in a bid to accelerate the modernisation of its wagering technology and strengthen its international business. McLachlan said the acquisition would allow Tabcorp to release products faster and at lower cost.
Looking ahead, Tabcorp expects domestic wagering turnover growth in FY27 to be broadly consistent with FY26, excluding the impact of the FIFA World Cup. Tabcorp expects operating expenses to grow in line with general inflation, estimated at 3 per cent-3.5 per cent, while continuing to invest in strategic growth initiatives and regulatory and risk programs.
