Strong Financial Growth: Tabcorp (ASX: TAH) reported a 1.0% increase in revenue to AU$1.34 billion and a 14.3% rise in EBITDA, reaching AU$217.4 million for 1H26.
Wagering Performance: Domestic wagering revenue grew by 1.1%, benefiting from the reformed Victorian Wagering Licence, despite lower yields during key sporting events.
Increased Dividends: The company declared a 1.5 cent per share interim dividend, reflecting a 50% increase from the previous year, rewarding shareholders with strong returns.
Strong Performance Drives Investor Confidence
Tabcorp Holdings Limited (ASX: TAH) has seen its stock price surge nearly 15.80%, reaching a current market price (CMP) of AU$0.985 at the time of writing. The boost comes after the company delivered impressive results for the first half of the 2026 financial year, showcasing strong revenue and earnings growth across its divisions.
Revenue and Earnings Growth
For the six months ending December 31, 2025, Tabcorp reported a 1.0% increase in total revenue, reaching AU$1.34 billion. The company's earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 14.3%, totaling AU$217.4 million, while its earnings before interest and tax (EBIT) climbed 18.9% to AU$110.2 million. This solid performance highlights the company’s ability to manage costs and maintain strong profitability despite challenges in the wagering sector.
Wagering and Media Results
Tabcorp’s wagering business posted a modest increase in domestic wagering revenue, up 1.1%. While lower yields during major events like the Spring Racing Carnival and Footy Finals affected results, the company benefited from the full impact of its reformed Victorian Wagering and Betting Licence, which contributed positively to overall performance. Additionally, Tabcorp’s media segment grew by 0.2%, bolstered by international exports.
Strategic Focus for the Future
Looking ahead, Tabcorp is set to continue building on its growth strategy, focusing on cost control, customer engagement, and expanding its omnichannel offerings. The company remains committed to its disciplined investment approach, aiming to provide sustainable growth and solid returns for shareholders, as reflected in the 50% increase in its interim dividend.
Tabcorp’s strong financial position and strategic initiatives position it well for the future as it looks to maintain momentum throughout FY26.
Note- All data presented is based on information available at the time of writing.
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The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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Whats Behind Tabcorp Strong Performance?
Highlights:
Strong Performance Drives Investor Confidence
Tabcorp Holdings Limited (ASX: TAH) has seen its stock price surge nearly 15.80%, reaching a current market price (CMP) of AU$0.985 at the time of writing. The boost comes after the company delivered impressive results for the first half of the 2026 financial year, showcasing strong revenue and earnings growth across its divisions.
Revenue and Earnings Growth
For the six months ending December 31, 2025, Tabcorp reported a 1.0% increase in total revenue, reaching AU$1.34 billion. The company's earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 14.3%, totaling AU$217.4 million, while its earnings before interest and tax (EBIT) climbed 18.9% to AU$110.2 million. This solid performance highlights the company’s ability to manage costs and maintain strong profitability despite challenges in the wagering sector.
Wagering and Media Results
Tabcorp’s wagering business posted a modest increase in domestic wagering revenue, up 1.1%. While lower yields during major events like the Spring Racing Carnival and Footy Finals affected results, the company benefited from the full impact of its reformed Victorian Wagering and Betting Licence, which contributed positively to overall performance. Additionally, Tabcorp’s media segment grew by 0.2%, bolstered by international exports.
Strategic Focus for the Future
Looking ahead, Tabcorp is set to continue building on its growth strategy, focusing on cost control, customer engagement, and expanding its omnichannel offerings. The company remains committed to its disciplined investment approach, aiming to provide sustainable growth and solid returns for shareholders, as reflected in the 50% increase in its interim dividend.
Tabcorp’s strong financial position and strategic initiatives position it well for the future as it looks to maintain momentum throughout FY26.
Note- All data presented is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au