The call portrayed a broadly resilient business that delivered solid financial outcomes despite the weakest jackpot environment since listing. Key positives include stable revenue ($1.8bn), EBITDA resilience ($367m, down 0.7%), maintained dividend ($0.08 fully franked), strong digital traction (41.2% digital lottery turnover), Keno and Instant Scratch‑Its outperformance, and a healthy balance sheet with $560m liquidity. Offsetting these are significant short-term headwinds driven by jackpot variability (circa $400m turnover impact and ~$26m EBITDA drag), a fall in active customers to 8.6m, Powerball softness, and ongoing regulatory/license risks. Overall, management emphasized strategic opportunities in digital, product refreshes (Saturday Lotto, Set for Life) and disciplined capital allocation to drive growth and smooth volatility over time.

Company Guidance

Management reiterated FY26 financial guidance and priorities: H1 revenue A$1.8bn, H1 EBITDA A$367m (‑0.7%), H1 OpEx A$146m (+2.9%) and FY26 OpEx guidance A$310–320m; H1 CapEx A$34m with FY26 CapEx guidance A$90–100m (ramping in H2). Net debt/EBITDA is ~3x (bottom of 3–4x target), available liquidity A$560m, average debt tenor 4.5 years and ~85% of debt fixed/hedged; interest expense rose 2%. Management confirmed an interim fully franked dividend of A$0.08 per share (103% of H1 NPAT), noted Division 1 offers were down 14% PCP with jackpot headwinds reducing turnover by ~A$400m and EBITDA by ~A$26m, and highlighted digital share at 41.2% alongside Keno retail +7%, online Keno +3.5%, Instant Scratch‑Its +8.5% and Lucky Lotteries +60%, while reiterating the aim to keep OpEx growth below normalized revenue growth and to detail strategy at an Investor Day mid‑year.

Resilient Revenue Base

Group revenue of $1.8 billion in H1 FY26, demonstrating diversification across games and channels that cushioned jackpot variability.

Stable EBITDA and Profitability

EBITDA of $367 million, down only 0.7% year-on-year, and net profit after tax down 1.4%, reflecting limited earnings deterioration despite adverse jackpot conditions.

Maintained Dividend and Strong Cash Flow

Interim fully franked dividend of $0.08 per share maintained in line with prior period; dividend represents 103% of H1 net profit, supported by strong free cash flow generation.

Digital Traction

Digital share of lottery turnover grew to 41.2% in the half and digital turnover continued to increase, reinforcing digital penetration as a structural margin driver and long-term opportunity.

Keno and Instant Scratch‑Its Outperformance

Keno delivered a record half with retail turnover up 7% and online Keno turnover up 3.5%; Instant Scratch‑Its sales grew 8.5% year-on-year in key gifting periods.

Successful Saturday Lotto Refresh

Saturday Lotto $6 million Division 1 offer and price increase showed high early acceptance with price retention of 103% after 29 weeks, delivering incremental revenue per draw.

Strong Balance Sheet and Liquidity

Net debt-to-EBITDA at ~3x (bottom end of target range), $560 million available liquidity, ~4.5-year average debt tenor, and ~85% of debt fixed/hedged, preserving optionality for disciplined investment or shareholder returns.

Disciplined Cost and Capital Framework

Operating expenses grew 2.9% (OpEx H1 $146 million) with FY26 OpEx guidance of $310–$320 million; CapEx of $34 million in H1 with FY26 target $90–$100 million to support digital transformation and retail upgrades.

Lottery Corporation Limited (AU:TLC) Earnings, Revenues Date & History

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AU:TLC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 25, 2026	2026 (Q4)	0.10 / -	0.083	―	―	―
Feb 17, 2026	2026 (Q2)	0.08 / 0.08	0.079	-1.27% (>-0.01)	―	―
Aug 19, 2025	2025 (Q4)	0.08 / 0.08	0.097	-14.43% (-0.01)	―	―
Feb 18, 2025	2025 (Q2)	0.08 / 0.08	0.088	-10.23% (>-0.01)	―	―
Aug 20, 2024	2024 (Q4)	0.09 / 0.10	0.059	64.41% (+0.04)	―	―
Feb 20, 2024	2024 (Q2)	0.08 / 0.09	0.093	-5.38% (>-0.01)	―	―
Aug 22, 2023	2023 (Q4)	0.07 / 0.06	0.09	-34.44% (-0.03)	―	―
Feb 22, 2023	2023 (Q2)	0.08 / 0.09	0.084	10.71% (<+0.01)	―	―
Aug 23, 2022	2022 (Q4)	0.08 / 0.09	―	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AU:TLC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 17, 2026	AU$5.08	AU$5.44	+6.96%
Aug 19, 2025	AU$5.14	AU$5.50	+6.99%
Feb 18, 2025	AU$4.70	AU$4.84	+3.06%
Aug 20, 2024	AU$4.60	AU$4.52	-1.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lottery Corporation Limited (AU:TLC) report earnings?

Lottery Corporation Limited (AU:TLC) is schdueled to report earning on Aug 25, 2026, After Close (Confirmed).

What is Lottery Corporation Limited (AU:TLC) earnings time?

Lottery Corporation Limited (AU:TLC) earnings time is at Aug 25, 2026, After Close (Confirmed).

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What companies are reporting earnings today?

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What is the P/E ratio of Lottery Corporation Limited stock?

The P/E ratio of Lottery Corporation Limited is N/A.

What is AU:TLC EPS forecast?

AU:TLC EPS forecast for the fiscal quarter 2026 (Q4) is 0.1.