Tabcorp sees 1H profit slip 14%, raises interim dividend
Make us a preferred source
Make us a preferred source on Google
The news: Tabcorp reported a 14.2% slide in first-half statutory profit to $21.7 million, as the gambling company saw lower domestic wagering revenue due to below-average gross yields through September to mid-November.
The numbers: Analysts were expecting a profit of $20.8 million, according to Visible Alpha data.
Revenue rose 1% year on year to $1.3 billion, roughly in line with estimates. The group declared an interim dividend of 1.5 cents per share, up from 1 cent per share a year earlier.
The context: Tabcorp said it expects the wagering turnover environment in the second half of FY26 to be similar to the first half.
The company said it will maintained an increased focus on cost management through the rest of the financial year to partially offset ongoing inflationary pressures.
The source: ASX
