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The Lottery Corporation (TLC) investor relations material
The Lottery Corporation H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered resilient financial results despite the weakest jackpot environment since ASX listing, with a $400m turnover impact, supported by strong underlying business fundamentals and a robust balance sheet.
Interim dividend of 8.0 cents per share, fully franked, representing a 103% payout ratio, matching the prior period.
Strategic focus on accelerating digital transformation, local market growth, and disciplined capital allocation to unlock further value.
Leadership transition with new CEO emphasizing digital growth, innovation, and license management.
Strong free cash flow and balance sheet support ongoing investment and flexibility for organic growth opportunities.
Financial highlights
Group revenue increased 2.0% year-over-year to $1,815.0m, with EBITDA at $367.0m, down 0.7% year-over-year.
Net profit after tax was $173.3m, down 1.4% year-over-year; EPS was 7.8 cents, a 1.3% decrease.
Free cash flow remained strong, with net cash flows from operating activities at $219.7m.
OpEx increased 2.9% to $146m, reflecting product changes and higher employee costs.
CapEx for the half was $34m, with a full-year target of $90–100m focused on digital and retail upgrades.
Outlook and guidance
FY26 guidance: operating expenses of $310–$320m, D&A of $110–$115m, and CapEx of $90–$100m, with second-half weighting due to advertising, technology, and project costs.
Continued disciplined cost management with OpEx growth below inflation.
CapEx to ramp up in the second half, aligned with digital and core transformation initiatives.
Ongoing investment and flexibility for organic growth opportunities supported by a robust balance sheet.
Next game refresh for Set for Life expected in September 2026, subject to regulatory approvals.
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