Jumbo Interactive (JIN) H1 2026 earnings summary

Executive summary

• Achieved double-digit growth in all key financial metrics for H1 FY 2026, with international operations now contributing 34% of profit and accelerating expansion through Dream U.K. and Dream U.S. acquisitions.

• Maintained strong market share in Australia despite subdued jackpot activity, with improved product mix, digital penetration, and SaaS external revenue up 22.5% year-over-year.

• Dream Giveaways segment established as a new international B2C growth engine, contributing $13.7m revenue and $4.7m EBITDA, with UK profitable and US loss-making after fair value adjustments.

• Managed Services and SaaS segments delivered strong growth, with Stride in Canada and the UK outperforming expectations.

• Interim dividend of 12.0¢ per share declared, fully franked.

Financial highlights

• Group TTV up 16% to $524.1m and revenue up 29% to $85.3m year-over-year; underlying EBITDA up 23% to $37.5m.

• Underlying NPATA rose 23% to $22.8m; free cash flow up 81% to $19.9m; cash conversion ratio improved to 129%.

• Underlying EBITDA (excluding acquisitions) up 1.4% on PCP; group underlying EBITDA margin at 43.1%.

• Managed services revenue up 17%, underlying EBITDA up 51%, and margin expanded to 28%.

• Net profit after tax (NPAT) declined 13.4% to $15.5m due to higher operating expenses and acquisition-related costs.

Outlook and guidance

• Upgraded FY 2026 EBITDA guidance for Stride to 20%-25% and Dream U.K. to GBP 8 million-GBP 8.3 million; Dream U.S. guidance at $2.7 million-$3 million EBITDA.

• Canada managed services now expected to deliver 20%-25% EBITDA growth, up from 5%-10% prior guidance.

• FY26 group underlying EBITDA growth guidance raised to 10–15%.

• Dividend payout ratio targeted at 30–50% of statutory NPAT; on-market share buyback to continue opportunistically.

• Continued investment in technology, marketing, and talent to support long-term growth.