Tabcorp a ‘fitter’ business focused on unlocking omnichannel value, CEO says
Summary
Tabcorp returned to net profit in FY25 after a turnaround driven by an evolved strategy and tighter cost and capital discipline under new CEO Gillon McLachlan. Revenue rose 11.8% to AU$2.61bn, supported by double-digit growth in wagering and media. EBITDA before significant items climbed to AU$391.5m, and the group posted a net profit of AU$36.6m compared with a AU$1.36bn loss in FY24. Management is prioritising a structurally profitable retail business, a stronger omnichannel offering and a nationwide tote as part of its growth plan.
Key Points
- FY25 revenue: AU$2.61bn, up 11.8% year-on-year.
- Wagering & media revenue: AU$2.44bn, +12.8%; domestic wagering AU$2.04bn (+16.7%).
- Digital contribution: AU$1.07bn, despite digital turnover falling 4.8% and active users dipping 0.8%.
- EBITDA before significant items rose 23.2% to AU$391.5m; net profit AU$36.6m vs AU$1.36bn loss in FY24.
- Management credits leadership change, cost discipline and an evolved omnichannel strategy for the turnaround.
- Tabcorp says it is now ‘digitally competitive’ and aims to better integrate retail, digital and media assets; a nationwide tote remains a strategic goal.
- Shares jumped 23.94% to AU$0.88 after the results were announced.
Context and relevance
The FY25 result represents a material recovery from the impairment-driven hit in FY24 and underscores how licence changes (notably in Victoria), disciplined costs and simpler operating models can restore profitability in legacy wagering operators. The move to an omnichannel model mirrors wider industry trends of blending retail presence with digital capabilities to lift patronage and margins. Investors, competitors and partners should watch execution on integration and the national tote initiative.
Why should I read this
Short and sweet: if you track Australian gambling stocks or the sports-betting sector, this one matters. Tabcorp’s back in the black, management has a clearer playbook, and the company’s pushing to monetise shops, apps and media together. Read it to get the headline numbers, the CEO’s pitch and the key things to watch next (omnichannel roll‑out and the tote effort).
Source
Source: https://igamingbusiness.com/finance/full-year-results/tabcorp-returns-net-profit-fy25/