Key highlights

  • Flight Centre (ASX:FLT) reported record FY26 TTV of $25.7 billion and said Middle East hostilities cost its leisure business about $60 million of profit.
  • The Lottery Corporation (ASX:TLC) reported revenue of $3,582.5 million and a maintained 16.5 cent dividend in a low-jackpot year.
  • Tabcorp (ASX:TAH) reported EBITDA of $431.7 million, up 10.3%, and a 3.0 cent dividend.

Travel agents, lottery operators and wagering businesses all depend on discretionary spending, but their earnings respond to different events: geopolitical disruption for travel, jackpot sizes for lotteries and turnover and product fees for wagering. This article reviews the latest results of Flight Centre Travel Group Limited (ASX:FLT), The Lottery Corporation Limited (ASX:TLC) and Tabcorp Holdings Limited (ASX:TAH), all of which reported for the year ended 30 June 2026 in August 2026.

Sector context

Leisure and gaming businesses are influenced by consumer confidence, travel demand, regulation and event-driven variation such as jackpot outcomes. The releases refer to disruption to global travel, an unusually unfavourable jackpot year and wagering turnover growth.

Flight Centre Travel Group Limited (ASX:FLT)

Flight Centre reported FY26 results on 26 August 2026. Total transaction value reached a record $25.7 billion, up 4.7%, underlying EBITDA rose 3.9% to $466 million and underlying profit before tax fell 4% to $278 million. Statutory NPAT rose 38% to $149 million and EPS rose 43% to 71 cents.

The company said Middle East hostilities escalated in the fourth quarter, disrupting global travel and costing the leisure business about $60 million of profit. FY26 dividends rose 5% to 42 cents, $400 million of buy-backs were completed or are under way and a $450 million convertible note was issued. Group profit guidance for FY27 is expected at the AGM in November 2026.

The Lottery Corporation Limited (ASX:TLC)

The Lottery Corporation reported FY26 results on 19 August 2026. Revenue was $3,582.5 million, down 2.7%, EBITDA before significant items was $736.1 million, down 1.8%, and NPAT before significant items was $342.5 million, down 6.3%. The full-year dividend was maintained at 16.5 cents per share, fully franked.

The company said jackpot outcomes were especially unfavourable, estimated as about a one in 45 year outcome, with no $100 million Powerball jackpot for the first time since FY21, which reduced revenue by about $350 million. The release also records a 40-year extension of the Victorian lottery licence and a reaffirmed BBB+ rating.

Tabcorp Holdings Limited (ASX:TAH)

Tabcorp reported FY26 results on 26 August 2026. Group revenue was $2,636.3 million, up 0.8%, EBITDA before significant items was $431.7 million, up 10.3%, and NPAT before significant items was $71.1 million, up 43.6%. Statutory NPAT was $46.3 million, up 26.5%.

Domestic wagering turnover rose 0.9%, with Sport turnover up 8.3%. Net debt was $533 million, financial leverage fell to 1.2 times and the full-year dividend was 3.0 cents, unfranked, up 50%. After year end Tabcorp announced an industry agreement on a National Tote and a proposed acquisition of BetMakers.

What the three results have in common

Flight Centre and Tabcorp reported higher or record activity measures, while The Lottery Corporation reported lower earnings in a low-jackpot year. All three paid dividends, and each release attributes a significant part of its result to one identifiable factor: Middle East disruption, jackpot outcomes and cost reductions respectively.