Tabcorp lifts earnings and dividend as cost cuts and strategy gains traction

Tabcorp Holdings Limited ( (AU:TAH) ) has provided an update.

Tabcorp Holdings Limited reported half-year 2026 group revenue of $1.34 billion, up 1% on the prior corresponding period, with EBITDA rising 14.3% to $217.4 million as cost reductions and operating leverage lifted the EBITDA margin to 16.2%. The wagering and media division delivered a 15.8% EBITDA increase to $181.4 million, while integrity services EBITDA grew 7.5% to $36 million, supported by modest domestic wagering revenue growth despite below-average yields.

The company highlighted strategic progress including a new retail commercial model, an in-play product offering and advancement of a National Tote, alongside a stronger balance sheet with leverage reduced to 1.5 times and net debt of $631.2 million. Group NPAT before significant items rose 61.5% to $35.7 million and the interim dividend was lifted 50% to 1.5 cents per share, signalling improving profitability and confidence in the execution of its transformation strategy for shareholders and racing industry partners.

The most recent analyst rating on (AU:TAH) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.

More about Tabcorp Holdings Limited

Tabcorp Holdings Limited is an Australian gambling entertainment group focused on wagering, media and integrity services. The company operates digital and retail betting channels, including on-course and in-venue offerings, and provides integrity services to the racing and sports industries, positioning itself as a key player in the domestic wagering market.

Average Trading Volume: 6,213,909

Technical Sentiment Signal: Buy

Current Market Cap: A$2.05B

For detailed information about TAH stock, go to TipRanks’ Stock Analysis page.