Top Page
Tabcorp Holdings Limited
(Sydney:TAH)
Tabcorp Holdings Limited (TAH) vs. iShares MSCI Australia ETF (EWA)
Tabcorp Holdings Limited Business Overview & Revenue Model
Tabcorp Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.39B | 2.61B | 2.34B | 2.10B | 2.01B | 2.15B |
| Gross Profit | 424.30M | 2.61B | 2.34B | 342.60M | 236.50M | 297.80M |
| EBITDA | 365.20M | 368.80M | -1.35B | 362.80M | 276.00M | 344.10M |
| Net Income | 36.60M | 36.60M | -1.36B | 66.50M | 6.78B | 269.00M |
Balance Sheet | ||||||
| Total Assets | 3.14B | 3.14B | 3.39B | 4.05B | 4.05B | 11.87B |
| Cash, Cash Equivalents and Short-Term Investments | 236.50M | 236.50M | 313.70M | 290.70M | 199.40M | 553.30M |
| Total Debt | 862.60M | 862.60M | 1.14B | 572.40M | 317.00M | 2.78B |
| Total Liabilities | 1.89B | 1.89B | 2.14B | 1.39B | 1.34B | 5.17B |
| Stockholders Equity | 1.25B | 1.25B | 1.25B | 2.66B | 2.71B | 6.70B |
Cash Flow | ||||||
| Free Cash Flow | 288.70M | 288.70M | 84.80M | -77.60M | 534.50M | 537.70M |
| Operating Cash Flow | 406.50M | 406.50M | 245.20M | 119.30M | 737.00M | 719.50M |
| Investing Cash Flow | -117.00M | -117.00M | -739.70M | -130.00M | -455.70M | -37.60M |
| Financing Cash Flow | -366.70M | -366.70M | 517.50M | 102.00M | -506.30M | -607.20M |
Tabcorp Holdings Limited Technical Analysis
Tabcorp Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$703.38M | 17.30 | 34.17% | 4.84% | -8.81% | -6.84% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$11.31B | 30.92 | 106.73% | 3.16% | -6.28% | -11.67% | |
55 Neutral | AU$2.20B | 60.00 | 2.89% | 2.01% | 8.62% | ― | |
45 Neutral | AU$1.13B | -1.14 | -65.81% | ― | -31.07% | 74.57% | |
43 Neutral | AU$321.52M | -16.88 | -142.61% | ― | 6.47% | 60.03% | |
43 Neutral | AU$224.17M | -20.28 | -14.71% | ― | 126.29% | 95.17% |
Tabcorp Holdings Limited Corporate Events
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be a substantial holder in Tabcorp Holdings Limited, in accordance with Australian Corporations Act disclosure requirements. The change in Macquarie’s relevant interest in Tabcorp voting securities, including associated entities and legal arrangements, signals an adjustment in the company’s institutional shareholder base, which could modestly affect Tabcorp’s ownership structure and may be of interest to investors monitoring shifts in major holdings and governance influence.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp has disclosed that Macquarie Group Limited has become a substantial shareholder, acquiring a 5.01% stake in the company, equivalent to 114,646,686 fully paid ordinary shares. The company highlighted that its constitution, together with applicable NSW legislation, restricts any single shareholder from having voting power or share ownership above 10% without ministerial consent and legislative changes, and it retains the right to refuse or require divestment of share transfers that would breach these limits, underscoring the tightly controlled ownership structure that shapes governance and strategic influence in the business.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings has disclosed that Australian Retirement Trust has become a substantial shareholder in the company, acquiring a 5.031% stake amounting to 115,164,720 ordinary shares as of 18 December 2025. The company reiterated that its share register is subject to strict ownership and voting limits under its constitution and New South Wales legislation, including a cap preventing any investor from holding or controlling more than 10% of its voting power or share capital without ministerial consent, and reserved the right to block or require divestment of any share transfers that breach these regulatory thresholds, underscoring the highly regulated nature of ownership in the wagering and gaming sector.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp has disclosed that Macquarie Group Limited has ceased to be a substantial shareholder in the company as of 15 December 2025, following Macquarie’s announcement to the market. The company reminded investors that its constitution and relevant New South Wales legislation impose strict limits on individual shareholdings and voting power, generally capping these at 10% unless specific government approval and legislative changes are obtained, and it retains the right to refuse or require divestment of share transfers that would breach these restrictions.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Macquarie Group Limited (and its associated entities) has ceased being a substantial holder in Tabcorp Holdings Limited, an organization operating in the gambling and entertainment industry. This change reflects adjustments in Macquarie’s voting interests and investment positioning and has implications for governance and shareholding structure within Tabcorp.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced that Macquarie Group Limited has become a substantial shareholder, acquiring a 5.06% interest in the company. This development is significant due to the strict regulatory restrictions on shareholding and voting power in Tabcorp, which limit any single entity from holding more than 10% without government approval. This move by Macquarie Group could influence Tabcorp’s market dynamics and stakeholder interests, given the regulatory landscape.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has announced that Aware Super Pty Ltd has become a substantial shareholder, acquiring a 5.16% stake in the company. This development highlights the regulatory framework governing shareholding in Tabcorp, which includes restrictions on voting power exceeding 10% without governmental consent. This acquisition could impact Tabcorp’s shareholder dynamics and necessitates adherence to specific legislative requirements.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has successfully issued $300 million in Australian Medium Term Notes as part of its capital management strategy. This move aims to diversify funding sources and extend debt maturity, reflecting investor confidence in Tabcorp’s recent business improvements and enhancing its liquidity and financial stability.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced a change in the director’s interest, specifically involving Gillon McLachlan, who has been granted 11,538,461 options under the company’s Long Term Incentive Plan (LTI Plan) for the 2026 financial year. This grant, approved by shareholders, increases McLachlan’s total options to 41,538,461, reflecting Tabcorp’s commitment to aligning executive remuneration with long-term company performance. The move could potentially impact the company’s operational strategies and shareholder value, as it ties executive incentives to future financial results.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has announced the issuance of 37,290,715 unquoted equity securities in the form of options under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted. This move is part of Tabcorp’s strategy to incentivize its workforce, potentially impacting the company’s operational dynamics and aligning employee interests with long-term company performance.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced that Australian Retirement Trust Pty Ltd has ceased to be a substantial shareholder as of November 13, 2025. The company has strict regulations and constitutional restrictions on shareholdings, limiting any individual or entity from holding more than 10% of shares or voting power without government consent, ensuring compliance with legislative requirements.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Australian Retirement Trust Pty Ltd has ceased to be a substantial holder in Tabcorp Holdings Limited as of November 13, 2025. This change in substantial holding could impact Tabcorp’s shareholder structure and influence within the market, potentially affecting its strategic decisions and stakeholder interests.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced that Aware Super Pty Ltd has ceased to be a substantial shareholder as of November 3, 2025. This change is significant due to existing restrictions on shareholdings, which limit any single entity from holding more than 10% of the company’s shares without governmental consent. These restrictions are part of the company’s constitution and relevant legislation, ensuring compliance and stability in its shareholder structure.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has announced that Aware Super Pty Ltd, as trustee of Aware Super, has ceased to be a substantial holder in the company as of November 3, 2025. This change in substantial holding may impact the company’s shareholder structure and influence its future voting dynamics, potentially affecting strategic decisions and stakeholder interests.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced that Yarra Capital Management and its associated entities have ceased to be substantial shareholders in the company as of November 3, 2025. This change in shareholding is significant due to the strict regulatory and legislative restrictions on shareholding and voting power in Tabcorp, which limit any single entity from holding more than 10% without governmental approval. This development may impact the company’s shareholder structure and could have implications for its strategic operations and regulatory compliance.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Yarra Capital Management Limited and its associated entities have ceased to be substantial holders in Tabcorp Holdings Limited as of November 3, 2025. This change in substantial holding, marked by significant sales of shares, could impact Tabcorp’s shareholder dynamics and influence its market positioning.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has announced that Yarra Capital Management Limited and its associated entities have acquired a substantial shareholding in the company, holding 5.13% of its ordinary shares. This development is significant due to the regulatory restrictions on shareholdings in Tabcorp, which limit any single shareholder’s voting power to a maximum of 10% without government approval. The acquisition highlights the strategic interest in Tabcorp’s operations, but also underscores the regulatory environment governing its share distribution.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Yarra Capital Management Limited and its associated entities have become substantial holders in Tabcorp Holdings Limited, acquiring a 5.13% voting power through ordinary fully paid shares. This acquisition signifies a notable investment in Tabcorp, potentially impacting its market position and stakeholder dynamics as Yarra Capital Management strengthens its influence within the company.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced the results of its Annual General Meeting, where all proposed resolutions were passed. The re-election of directors Brett Chenoweth and Raelene Murphy, the adoption of the Remuneration Report, and the grant of options to the Managing Director and CEO were approved by shareholders, reflecting strong support for the company’s leadership and strategic direction.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited reported a robust financial performance for the fiscal year 2024/2025, with a 12% increase in group revenue to $2.61 billion and a significant rise in net profit after tax before significant items by 77% to $49.5 million. The company’s strategic initiatives, such as the Victorian Wagering and Betting Licence and operational cost savings, contributed to its improved financial health and competitive positioning. Tabcorp’s focus on enhancing its digital business and customer experience has led to increased turnover, and the company aims to maintain this momentum into FY26. The Board has announced a 54% increase in dividends, reflecting a disciplined approach to delivering sustainable returns to shareholders.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced that Aware Super Pty Ltd has become a substantial shareholder, acquiring a 5.02% stake in the company. This development highlights the regulatory framework governing Tabcorp’s shareholdings, which includes restrictions on voting power and share ownership exceeding 10% without government approval, ensuring compliance with legislative requirements.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited has announced the appointment of Vivian Stewart as a Non-Executive Director to its Board, pending regulatory approvals. Mr. Stewart, with extensive experience in telecommunications and technology, is expected to bring valuable insights and commercial expertise to Tabcorp, aiding in the company’s ongoing evolution and innovation of its product offerings.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced a change in substantial holding, with State Street Corporation increasing its interest to 6.17% of Tabcorp’s ordinary shares. This development highlights the regulatory constraints on shareholding, as Tabcorp’s constitution and relevant legislation restrict any entity from holding more than 10% of shares without government approval, impacting potential future investments and shareholder dynamics.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced the cessation of several securities, including options with various expiration dates and exercise prices. This cessation, due to either expiry or other reasons, may impact the company’s capital structure and could influence investor perceptions and market dynamics.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
Tabcorp Holdings Limited announced a significant change in the shareholding of its director, Gillon McLachlan, who has acquired 802,550 Ordinary Shares as part of his remuneration package under the company’s Short Term Incentive Plan. These shares are restricted from trading for two years, reflecting the company’s strategic approach to aligning executive incentives with long-term performance goals, which may impact its operational dynamics and stakeholder interests.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.