Tabcorp a ‘fitter’ business focused on unlocking omnichannel value, CEO says
Summary
Tabcorp returned to net profit in FY25 after a tough FY24, reporting AU$2.61bn in revenue for the year to 30 June 2025 — up 11.8% year-on-year. New CEO Gillon McLachlan credited leadership changes, tighter cost and capital discipline, and an evolved strategy focused on omnichannel value and a structurally profitable retail business.
The wagering and media division drove the recovery, with division revenue of AU$2.44bn (up 12.8%). Wagering revenue rose 15.9%, domestic wagering increased 16.7% (AU$2.04bn) with AU$1.07bn from digital activity, and media revenue edged up 2.7% to AU$370.6m. Integrity services were slightly down on reported figures but up on an underlying basis.
Improved margins and lower impairment charges versus FY24 lifted EBITDA before significant items 23.2% to AU$391.5m, and net profit before significant items to AU$49.5m. Significant items were much smaller in FY25 (AU$12.9m) versus FY24’s AU$1.36bn, leaving a FY25 net profit of AU$36.6m. Shares jumped nearly 24% on the news.
Key Points
- Revenue for FY25: AU$2.61bn, up 11.8% year-on-year.
- Wagering & media division revenue rose 12.8% to AU$2.44bn; wagering up 15.9%.
- Digital contributed AU$1.07bn to domestic wagering revenue, despite a slight fall in digital turnover and active users.
- Costs eased significantly versus FY24’s heavy impairment-driven losses; significant items fell to AU$12.9m in FY25.
- EBITDA before significant items climbed 23.2% to AU$391.5m; net profit (post-items) was AU$36.6m.
- New CEO Gillon McLachlan emphasises cost/capital discipline, leadership changes and an omnichannel strategy.
- Tabcorp claims to be “digitally competitive” and aims to launch a nationwide tote in collaboration with industry partners.
- Shares closed up 23.94% at AU$0.88 after results were announced.
Author style
Punchy: This is a clear financial turnaround and a strategy reset. Tabcorp’s FY25 numbers are more than just a one-year bounce — the company is signalling a structural shift towards omnichannel integration and stricter cost discipline. If you follow Australian wagering, this matters.
Why should I read this?
Because Tabcorp just went from a massive impairment-fuelled loss to profitability and is talking up a proper omnichannel push — new leadership, tighter costs and a national tote ambition could reshape how racing and sports betting compete in Australia. If you care about industry positioning, partnerships or market movers, this saves you the digging.
Context and relevance
The results show a broader industry trend: incumbents consolidating digital and retail strengths while cutting costs to defend margins. Tabcorp’s push to marry retail venues with digital channels and target a national tote will be watched by rivals and regulators alike. For investors, operators and partners in the wagering and media ecosystem, the FY25 outcome signals a more disciplined Tabcorp with growth ambitions beyond simple volume recovery.
Source
Source: https://igamingbusiness.com/finance/full-year-results/tabcorp-returns-net-profit-fy25/
Article Date: 2025-08-27T09:03:14+00:00