Jumbo Interactive (JIN) H2 2026 earnings summary

Executive summary

• Achieved record group EBITDA of AUD 76.5 million (AUD 85.2 million underlying), driven by Dream acquisitions, SaaS growth, and resilient Australian performance despite subdued jackpots.

• Revenue increased 33% year-over-year to AUD 193.6 million, with double-digit growth across key financial metrics.

• Dream U.S. contributed $7.7 million EBITDA over eight months, exceeding expectations, and is now live on the Jumbo Lottery Platform.

• Dream U.K. delivered 23% annualized EBITDA growth; plans are in place to migrate to the Jumbo Lottery Platform to prepare for regulatory changes.

• Four out of five FY26 guidance metrics met or exceeded, including EBITDA margin and international segment growth.

Financial highlights

• Group TTV rose 13% to $1,125.8 million, and revenue increased 33% to $193.6 million.

• Underlying EBITDA reached $85.2 million (+25%), with a margin of 43.2%.

• Underlying NPATA grew 20% to $50.6 million; underlying EPSA was 80.2 cps.

• Free cash flow increased 12% to $47.0 million; cash conversion ratio at 136%.

• Lottery retailing revenue margin increased to 24.7%.

Outlook and guidance

• FY27 guidance: Australia underlying EBITDA margin unchanged at 46%-50%.

• International businesses (Managed Services and Dream) expected to deliver AUD 36-40 million underlying EBITDA.

• Dividend payout ratio targeted at 30%-50% of statutory NPAT; ongoing share buyback and net debt reduction planned.

• 2027 seen as an investment year for Dream businesses, with operating leverage expected beyond.

• No Dividend Reinvestment Plan currently in place.