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Jumbo Interactive Limited (AU:JIN)
ASX:JIN

Jumbo Interactive Limited (JIN) AI Stock Analysis

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AU:JIN

Jumbo Interactive Limited

(Sydney:JIN)

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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
AU$10.00
▲(15.34% Upside)
Action:UpgradedDate:11/04/25
Jumbo Interactive Limited's strong financial performance and attractive valuation are the primary drivers of its stock score. The company maintains a solid balance sheet and offers a good dividend yield, which supports its valuation. Technical analysis presents mixed signals, with long-term trends being positive but short-term indicators showing some weakness. Overall, the stock is well-positioned in its industry, with room for improvement in revenue growth and cash flow management.
Positive Factors
Low leverage & strong ROE
Very low leverage combined with a 33% ROE provides durable financial flexibility: the company can fund investment, weather downturns, and return capital without relying on high external debt. This structural balance sheet strength supports long-term stability and strategic optionality.
High and sustainable margins
Consistently high net and operating margins reflect an efficient, scalable cost structure and pricing power in lottery retailing and services. Margin durability helps preserve cash generation even if revenue growth slows, enabling reinvestment, dividends, or targeted M&A over the medium term.
Digital B2C + recurring B2B revenue mix
A twin model of online retailing plus recurring B2B platform fees creates diversified, predictable revenue streams. Digital distribution is structurally favored for lotteries, supporting long-term ticket turnover growth and sticky contract revenues that smooth cyclicality and support scale economics.
Negative Factors
Recent revenue decline
A year-over-year revenue decline signals underlying demand or competitive pressures that could persist. If structural growth stalls, the business may struggle to expand top line, limiting leverage from fixed-cost margins and constraining long-run earnings growth absent new product or market expansion.
Slowing cash flow growth
Declining operating cash flow and only modest FCF growth reduce the pace at which the company can self-fund investment, product development, or larger dividends. Over months, weak cash flow trends can pressure reinvestment and weaken the buffer against shocks despite good accounting margins.
Negative EPS growth trend
Negative EPS growth indicates per-share earnings pressure that may reflect margin compression, share issuance, or lower profitability drivers. Persisting EPS decline would erode shareholder returns and could limit the firm's ability to sustainably increase dividends or invest in growth initiatives.

Jumbo Interactive Limited (JIN) vs. iShares MSCI Australia ETF (EWA)

Jumbo Interactive Limited Business Overview & Revenue Model

Company DescriptionJumbo Interactive Limited engages in the retail of lottery tickets through internet and mobile devices in Australia, the United Kingdom, Fiji, and internationally. It operates in three segments: Lottery Retailing, Software-as-a-Service, and Managed Services. The company is involved in the retail of digital lottery tickets through Oz Lotteries; licenses Powered by Jumbo, a digital lottery platform solution to government and charity lottery operators; and lottery management services, including prize procurement, lottery game design, campaign marketing, and customer relationship and draw management services to charities. It also provides turnkey digital lottery solutions. Jumbo Interactive Limited was incorporated in 1986 and is headquartered in Toowong, Australia.
How the Company Makes MoneyJumbo Interactive generates revenue mainly through the sale of lottery tickets online. They earn a commission from each ticket sold via their platform, which comes from partnerships with state and territory lottery operators in Australia. Additionally, the company benefits from revenue generated through its digital marketing services, allowing lottery operators to enhance their customer reach and engagement. Jumbo also explores opportunities for growth through technological innovations and strategic partnerships, which can lead to increased customer acquisition and retention, further boosting revenue streams.

Jumbo Interactive Limited Financial Statement Overview

Summary
Jumbo Interactive Limited exhibits strong profitability and a stable financial position with low leverage. While the company faces challenges in revenue growth, its efficient operations and solid balance sheet provide a cushion. Cash flow management shows potential for improvement, but the company remains well-positioned in the gambling industry.
Income Statement
72
Positive
Jumbo Interactive Limited shows a strong profitability profile with a consistent net profit margin above 27% over the years. However, the recent revenue decline of 4.17% in the latest year indicates potential challenges in maintaining growth. The EBIT and EBITDA margins remain robust, suggesting efficient operations despite the revenue dip.
Balance Sheet
75
Positive
The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.12, indicating low leverage and financial stability. The return on equity is strong at 33%, reflecting efficient use of equity to generate profits. The equity ratio is healthy, reinforcing the company's stable financial position.
Cash Flow
68
Positive
Jumbo Interactive Limited demonstrates positive cash flow metrics with a free cash flow to net income ratio of 0.85, indicating good cash generation relative to profits. However, the operating cash flow has decreased compared to the previous year, and the free cash flow growth is modest at 2.84%, suggesting room for improvement in cash flow management.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue164.44M145.29M159.33M118.71M104.25M83.32M
Gross Profit96.36M83.44M93.70M100.76M81.04M74.98M
EBITDA74.11M70.94M77.10M57.98M54.28M41.06M
Net Income37.78M40.17M43.35M31.57M31.18M26.96M
Balance Sheet
Total Assets359.82M179.81M169.84M155.82M131.22M113.77M
Cash, Cash Equivalents and Short-Term Investments57.93M79.89M78.44M53.19M68.93M63.14M
Total Debt139.79M14.67M3.10M3.85M3.20M4.13M
Total Liabilities234.44M58.11M54.68M55.83M38.23M28.45M
Stockholders Equity125.38M121.70M115.16M99.99M92.98M85.33M
Cash Flow
Free Cash Flow56.58M41.59M54.03M46.22M38.15M13.61M
Operating Cash Flow56.55M48.78M60.66M54.63M44.19M35.12M
Investing Cash Flow-134.00M2.33M-15.24M-40.09M-13.30M-21.49M
Financing Cash Flow69.46M-42.27M-30.93M-30.06M-25.10M-22.75M

Jumbo Interactive Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price8.67
Price Trends
50DMA
10.34
Negative
100DMA
10.62
Negative
200DMA
10.35
Negative
Market Momentum
MACD
-0.27
Positive
RSI
32.28
Neutral
STOCH
20.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JIN, the sentiment is Negative. The current price of 8.67 is below the 20-day moving average (MA) of 9.60, below the 50-day MA of 10.34, and below the 200-day MA of 10.35, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 32.28 is Neutral, neither overbought nor oversold. The STOCH value of 20.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JIN.

Jumbo Interactive Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
AU$549.06M11.6834.17%4.84%-8.81%-6.84%
64
Neutral
$2.36B26.112.89%2.01%8.62%
62
Neutral
AU$12.13B16.56106.73%3.16%-6.28%-11.67%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
49
Neutral
AU$250.24M-1.63-14.71%126.29%95.17%
45
Neutral
AU$190.45M-14.86-25.15%-10.59%32.75%
43
Neutral
AU$304.14M-3.53-142.61%6.47%60.03%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:JIN
Jumbo Interactive Limited
8.67
-1.73
-16.63%
AU:PBH
PointsBet Holdings
0.89
-0.20
-18.43%
AU:TAH
Tabcorp Holdings Limited
1.03
0.37
56.53%
AU:BET
Betmakers Technology Group
0.18
0.07
66.67%
AU:BBT
BlueBet Holdings Ltd.
0.24
-0.06
-20.00%
AU:TLC
Lottery Corporation Limited
5.40
0.68
14.46%

Jumbo Interactive Limited Corporate Events

Macquarie Group Exits Substantial Holder Position in Jumbo Interactive
Mar 4, 2026

Macquarie Group Limited and its controlled entities have filed a notice that they have ceased to be a substantial holder in Jumbo Interactive Limited. The change reflects an adjustment in Macquarie’s relevant voting interests and associations, signaling a reduced institutional stake in the lottery platform operator that may slightly alter Jumbo’s shareholder base but does not directly affect its day-to-day operations.

The cessation notice, lodged under Australian corporate disclosure rules, documents that Macquarie Group and various affiliated investment and asset management entities no longer meet the threshold for substantial holding in Jumbo. While no transaction details are disclosed in this extract, the move underscores ongoing portfolio rebalancing by large financial institutions and may be of interest to investors tracking shifts in Jumbo’s institutional ownership profile.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Citigroup Entities Exit Substantial Holder Status in Jumbo Interactive
Feb 25, 2026

Citigroup Global Markets Australia and related Citi group entities have notified Jumbo Interactive that they have ceased to be substantial shareholders in the company as of 23 February 2026. The change reflects adjustments in relevant interests arising from securities lending and ordinary-course stock market transactions, notably a large decrease in Citigroup Global Markets Limited’s holding, which may signal reduced institutional exposure to Jumbo Interactive’s stock and could influence market perceptions of its shareholder base.

The notice details that Citigroup Global Markets Australia increased its relevant interest in a small parcel of shares under securities lending arrangements, while Citigroup Global Markets Limited recorded a significant reduction in its interest under similar agreements. No new or changed associations between Citi entities were reported, suggesting the move is primarily a rebalancing of positions within existing group structures rather than a shift in strategic relationships with Jumbo Interactive.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Issues Cautionary 1H26 Results Presentation
Feb 24, 2026

Jumbo Interactive has released a presentation of its financial results for the half-year ended 31 December 2025, to accompany its interim filings and media release lodged with the ASX. The document is positioned as informational only, emphasising that it is not investment advice or an offer of securities and has been prepared without considering individual investors’ objectives or circumstances.

The company underscores that no warranty is given on the completeness or accuracy of the information and highlights that past performance is not indicative of future results. It also cautions that any references to future performance are forward-looking in nature, subject to risks and uncertainties outside the company’s control, and that investors should exercise caution and seek professional advice when assessing the material.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Declares Interim Dividend of AUD 0.12 per Share
Feb 24, 2026

Jumbo Interactive Limited has declared an interim dividend of AUD 0.12 per ordinary fully paid share for the six-month period ended 31 December 2025, reinforcing its pattern of returning cash to shareholders. The dividend will trade ex-dividend on 3 March 2026, with a record date of 4 March and payment scheduled for 18 March, providing income-focused investors with a defined timetable for distributions and signalling ongoing confidence in the company’s financial performance.

The announcement underlines the company’s commitment to regular capital returns and may be viewed as a positive indicator of earnings stability in its online lottery operations. By maintaining a clear dividend schedule, Jumbo Interactive strengthens its appeal to yield-oriented shareholders while supporting its position in the competitive digital gaming and lottery market.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive lifts revenue but profits ease as Dream Giveaways deals hit NTA
Feb 24, 2026

Jumbo Interactive reported a 29% rise in revenue to $85.3 million for the half year to 31 December 2025, but profit attributable to members fell 13.4% to $15.5 million, with total comprehensive income down 40.7%. Earnings before interest and tax also slipped, though EBITDA rose modestly, while shareholders received a higher fully franked final dividend and a sharply reduced interim dividend, as the group’s net tangible assets per share turned negative.

The company’s net tangible asset position was materially impacted by the largely intangible-heavy acquisitions of Dream Giveaways UK and Dream Giveaways US, with pro forma NTA remaining positive excluding these deals. The Dream Giveaways UK business, a leading UK digital prize draw platform acquired in October, contributed $2.9 million in profit after tax in the half, signalling early earnings support for Jumbo’s strategic push into international prize draw markets despite the balance sheet dilution.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Posts Strong 1H26 Growth Amid Soft Jackpots and Expansion into Dream Giveaways
Feb 3, 2026

Jumbo Interactive has flagged a strong first half of FY26, expecting underlying group EBITDA to rise 22.6% to $37.5 million and group revenue to climb 29% despite a subdued large jackpot environment in its core Australian lottery market. Group total transaction value increased 15.7% to $524.7 million, with flat lottery retailing offset by nearly 10% growth in SaaS, a 51.3% surge in managed services EBITDA, and a positive initial contribution from newly acquired Dream Car Giveaways in the UK and Dream Giveaway in the US, which will be reported as a separate segment. The company also highlighted a provisional $2.2 million non-cash amortisation charge from acquired intangibles and $5.3 million of one-off acquisition-related costs, while reiterating its revised dividend payout ratio of 30–50% of statutory NPAT to preserve balance sheet strength and support debt reduction following the recent, debt-funded acquisitions, with the 1H26 interim dividend to be set after audited results are finalised later this month.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$15.60 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Reshapes Company Secretarial and ASX Liaison Roles
Jan 29, 2026

Jumbo Interactive has announced a change in its company secretarial team, with the resignation of Company Secretary Kimberly Sue due to personal circumstances and the appointment of Graeme Blackett as an additional Company Secretary, effective 29 January 2026, while Lauren Osbich continues in her existing Company Secretary role. Blackett has also been designated as the primary contact for ASX Listing Rule matters, a move that consolidates regulatory communications and signals continuity in the company’s governance and compliance framework rather than any strategic or operational shift.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$15.60 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Cuts Share Count Through Buy-Back and Lapse of Performance Rights
Jan 13, 2026

Jumbo Interactive Limited has updated the market on changes to its issued capital, confirming the cessation of 38,641 ordinary fully paid shares following cancellation under an on-market buy-back completed on 31 December 2025. In addition, 2,409 performance rights lapsed on the same date after the conditions attached to those rights were not met or became incapable of being satisfied, signalling a modest reduction in both the company’s share count and outstanding equity-based incentives, which may marginally impact capital structure and future dilution for shareholders.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Seeks ASX Quotation for Small Tranche of New Shares
Jan 13, 2026

Jumbo Interactive Limited has applied for quotation on the ASX of 378 new fully paid ordinary shares, issued on 5 November 2025, under its ticker JIN. The small share issue, arising from the exercise or conversion of existing options or other convertible securities, represents a routine capital markets transaction and is not expected to materially affect the company’s capital structure or operations, but does slightly increase the number of quoted securities available to investors.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Jumbo Interactive
Jan 6, 2026

Macquarie Group Limited and a wide network of its controlled entities have lodged a notice stating they have ceased to be a substantial shareholder in Jumbo Interactive Limited as of 31 December 2025, with the formal filing dated 6 January 2026. The change, disclosed under Australian Corporations Act requirements, signals that Macquarie’s aggregate voting interest has fallen below the substantial holding threshold, potentially altering Jumbo Interactive’s institutional investor base and slightly reshaping its share register composition, though no additional operational or strategic implications were detailed in the filing.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Director Michael Malone Increases Indirect Shareholding
Dec 29, 2025

Jumbo Interactive Limited has disclosed a change in director Michael Malone’s indirect shareholding, with his Zawsze Superannuation Fund purchasing 5,500 fully paid ordinary shares on-market at $11.271 per share on 29 December 2025. The transaction increases Malone’s indirect interest in Jumbo to 13,000 shares, signalling a modest vote of confidence from the director in the company’s prospects, though it does not alter the overall capital structure and was conducted outside any closed trading period.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Updates Market on Progress of On‑Market Share Buy-Back
Dec 29, 2025

Jumbo Interactive Limited has provided an updated notification to the ASX confirming the ongoing execution of its on‑market share buy-back program in its ordinary fully paid shares (code JIN). As at 30 December 2025, the company reported that a total of 917,423 shares had been repurchased prior to the previous trading day, with a further 6,655 shares bought back on the previous day, underscoring management’s continued use of capital management to reduce share count and potentially enhance shareholder value.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Continues On‑Market Share Buy-Back Program
Dec 28, 2025

Jumbo Interactive Limited has issued an updated notification to the ASX confirming the continuation of its on-market share buy-back program, with a total of 911,775 ordinary fully paid shares repurchased prior to the previous trading day and a further 5,648 shares bought back on that day. The ongoing daily repurchases, first notified in August 2022 and now reported in the latest update dated 29 December 2025, signal the company’s active capital management strategy and may support its share price and earnings per share, with implications for investor returns and the stock’s liquidity profile.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Updates ASX on Progress of On‑Market Share Buy-Back
Dec 23, 2025

Jumbo Interactive Limited, an Australian-listed digital lottery and gaming company trading under the ASX code JIN, provides online lottery services and related products to consumers and partners, focusing on technology-enabled distribution of lottery games. The company has issued an updated notification to the ASX regarding its ongoing on-market share buy-back program, reporting that a total of 905,127 ordinary fully paid shares had been repurchased prior to the latest trading day, with a further 6,648 shares bought back on the previous day, signalling continued execution of its capital management strategy and potential implications for share supply and shareholder value.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive CEO Mike Veverka Increases Indirect Shareholding via On-Market Purchase
Dec 23, 2025

Jumbo Interactive Limited has disclosed a change in the indirect shareholding of its chief executive and director, Mike Veverka, through an on-market purchase by Vesteon Pty Ltd, an entity of which he is a director and shareholder. Vesteon acquired 8,711 fully paid ordinary shares at $11.1292 per share, lifting its holding to 6,507,422 shares and marginally increasing Veverka’s overall economic interest in Jumbo, a move that may be read by investors as a signal of confidence in the company’s prospects while leaving his performance rights and options positions unchanged.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Updates Market on Ongoing On‑Market Share Buy‑Back
Dec 22, 2025

Jumbo Interactive Limited has provided an updated notification of its on-market share buy-back program for its ordinary fully paid shares, reporting a total of 898,382 securities repurchased prior to the latest trading day and a further 6,745 bought back on the previous day as at 23 December 2025. The continued execution of this buy-back, which has been running since its initial notification in August 2022, signals ongoing capital management by the company and may support earnings per share and shareholder value, while also reflecting management’s confidence in the company’s financial position and long-term outlook.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Jumbo Interactive Partners with Brightstar for Lotterywest Digital Overhaul
Dec 18, 2025

Jumbo Interactive has announced its role as a subcontractor in Brightstar Lottery PLC’s contract with Lotterywest to develop and implement a new gaming and digital solution. Jumbo will integrate its proprietary Jumbo Lottery Platform into the system, specifically focusing on providing website and mobile applications along with Player Account Management features. While reinforcing its existing relationship with Lotterywest, this project signifies a strategic collaboration between Jumbo and Brightstar, targeting a phased platform transition by 2027, potentially strengthening Jumbo’s standing in the digital lottery solutions market.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Citigroup Ceases to be Substantial Holder in Jumbo Interactive
Dec 11, 2025

Citigroup Global Markets Australia Pty Limited has ceased to be a substantial holder in Jumbo Interactive Ltd as of December 9, 2025. This change reflects a decrease in Citigroup’s relevant interest in Jumbo’s shares, which may impact the company’s shareholder composition and influence in the market.

The most recent analyst rating on (AU:JIN) stock is a Buy with a A$16.80 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 04, 2025