Tabcorp Holdings (ASX:TAH): FY2026 Results and Business Transformation Update

Sonal Goyal

16 September 2026 05:48 PM AEST

Tabcorp Holdings (ASX:TAH): FY2026 Results and Business Transformation Update

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Highlights

Tabcorp reported FY2026 Revenue of A$2,636.3 million.
EBITDA before significant items increased to A$431.7 million.
The company is progressing the National Tote initiative and BetMakers acquisition.
Tabcorp operates wagering, media and integrity service businesses.

Tabcorp Holdings Limited (ASX:TAH) reported results for the year ended 30 June 2026 with revenue of A$2,636.3 million, representing growth of 0.8%. EBITDA before significant items increased 10.3% to A$431.7 million, while EBIT before significant items rose 15.9% to A$218.7 million.

Net profit after tax before significant items increased 43.6% to A$71.1 million, while statutory net profit increased 26.5% to A$46.3 million. Total dividends for the year were 3.0 cents per share unfranked.

Business Operations

Tabcorp operates the TAB wagering Brand across retail, digital and on-course channels, along with the Sky Racing media business. The company reports two segments: Wagering and Media, and Integrity Services.

Wagering and Media generated revenue of A$2,454.7 million, with EBITDA before significant items increasing 9.9% to A$361.8 million. Integrity Services revenue increased 3.3% to A$181.6 million, while EBITDA increased 12.0% to A$69.9 million.

Operational Developments

During FY2026, Tabcorp continued its cost management program, reporting A$18 million of structural savings and A$9.3 million of tactical measures. Net Debt reduced by A$76.3 million to A$533.1 million, while Leverage was 1.2 times.

The company also progressed two key initiatives. The National Tote is planned for launch during the 2026 Spring Racing Carnival, while the Acquisition of BetMakers is targeted for completion in the third quarter of FY2027, subject to Shareholder approvals and regulatory clearances.

Future Areas to Monitor

Tabcorp’s FY2027 guidance includes wagering turnover similar to FY2026, Operating Expense growth of 3% to 3.5% and Capital Expenditure of about A$160 million.

The company expects the National Tote rollout, BetMakers transaction process and changes in the wagering environment to remain key developments.

Risks

Tabcorp operates in a regulated wagering environment. Advertising reforms, competitive pressures, regulatory conditions and capital expenditure requirements may affect future operations.

Key Insights

Tabcorp’s FY2026 results show a Business focused on operational changes, cost management and new initiatives. Revenue remained broadly stable while Earnings measures improved, with future developments linked to product initiatives, regulatory changes and business execution.

FAQs

Q:What is the ASX ticker for Tabcorp Holdings?

A:Tabcorp Holdings trades under the ticker (ASX:TAH).

Q:What businesses does Tabcorp operate?

A:Tabcorp operates wagering, media and integrity service businesses.

Q:What were Tabcorp’s FY2026 revenue and EBITDA figures?

A:Revenue was A$2,636.3 million and EBITDA before significant items was A$431.7 million.

Q:What developments may be monitored for Tabcorp?

A:The National Tote initiative, BetMakers acquisition process and operational updates may be monitored.

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