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Tabcorp Holdings Limited
(OTC: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 | €680.53M | 16.74 | 34.17% | 4.95% | -8.81% | -6.84% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$12.02B | 32.87 | 106.73% | 3.10% | -6.28% | -11.67% | |
55 Neutral | AU$2.16B | 59.06 | 2.89% | 2.12% | 8.62% | ― | |
45 Neutral | AU$696.54M | ― | -65.81% | ― | -31.07% | 74.57% | |
43 Neutral | AU$319.78M | ― | -142.61% | ― | 6.47% | 60.03% | |
43 Neutral | AU$260.16M | -23.58 | -14.71% | ― | 126.29% | 95.17% |
Tabcorp Holdings Limited Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tabcorp Holdings Limited has announced its 2025 Annual General Meeting (AGM), scheduled for October 20, 2025, which will be conducted as a hybrid meeting allowing both in-person and online participation. The AGM will cover an overview of the company’s operations and performance, and shareholders will vote on key resolutions such as the re-election of directors and the adoption of the Remuneration Report, reflecting the company’s commitment to transparency and shareholder engagement.
Tabcorp Holdings Limited has announced the issuance of 2,970,925 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TAH. This move is part of a dividend or distribution plan, potentially impacting the company’s financial structure and market positioning by increasing its available capital and possibly enhancing shareholder value.
Tabcorp Holdings Limited announced that Bank of America Corporation and its related entities have ceased to be substantial shareholders as of September 12, 2025. This change is significant due to the stringent restrictions on shareholdings in Tabcorp, which are governed by legislation and the company’s constitution, limiting any shareholder from holding more than 10% of voting power without government consent. This development could impact Tabcorp’s shareholder structure and regulatory compliance.
Bank of America Corporation and its related entities have ceased to be substantial shareholders of Tabcorp Holdings Limited as of September 12, 2025. This change in shareholding could impact Tabcorp’s market dynamics and investor relations, as significant shifts in shareholder composition often influence company strategies and stakeholder perceptions.
Insignia Financial Ltd has announced that it has ceased to be a substantial holder in Tabcorp Holdings Limited as of September 11, 2025. This change in substantial holding reflects a series of transactions involving the purchase and sale of shares by various subsidiaries, including IOOF Investment Management Ltd and MLC Investments Ltd, over a period from late September to mid-October 2024. The announcement may impact Tabcorp’s shareholder composition and potentially influence its market dynamics.
Tabcorp Holdings Limited announced that Yarra Capital Management and associated entities have ceased being substantial shareholders as of September 12, 2025. This change in shareholding is influenced by regulatory restrictions that limit individual voting power and shareholding to a maximum of 10% without government approval. These restrictions are part of the company’s constitution and relevant legislation, ensuring compliance with industry regulations.
Yarra Capital Management Limited and its associated entities have ceased to be substantial holders in Tabcorp Holdings Limited as of September 12, 2025. This change in substantial holding, which involved the purchase and sale of significant voting securities, may impact Tabcorp’s shareholder structure and influence in the market.
Tabcorp Holdings Limited announced an update regarding its Dividend Reinvestment Plan (DRP) price, which has been determined in accordance with DRP Rules. This update pertains to a dividend distribution for the six-month period ending June 30, 2025, and follows a previous announcement made on August 27, 2025. The update reflects Tabcorp’s ongoing commitment to shareholder returns and may influence investor perceptions and stock performance.
Tabcorp Holdings Limited announced that Bank of America Corporation has become a substantial shareholder, acquiring a 5.06% stake in the company. This development highlights the regulatory complexities surrounding shareholding in Tabcorp, as restrictions limit any single entity from holding more than 10% of voting power without government approval, reflecting the company’s adherence to strict legislative and constitutional guidelines.