Jumbo Interactive (JIN) H1 2026 earnings summary

Executive summary

• Achieved double-digit growth in all key financial metrics for 1H26, with international operations now contributing up to 50% of Group EBITDA and accelerating expansion through UK and US acquisitions.

• Successfully integrated Dream U.K. and Dream U.S. acquisitions, establishing Dream Giveaways as a new B2C growth engine and upgrading Dream U.K. outlook.

• Maintained strong market share in Australia despite subdued jackpot environment, with improved product mix, digital penetration at 41.2%, and higher revenue margin.

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

• Dream Giveaways segment contributed $13.7m revenue and up to $6.5m EBITDA in 1H26, with UK profitable and US loss-making after fair value adjustments.

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 22.6% to $22.8m; underlying NPAT up 14.7% to $19.9m.

• Free cash flow up 81% to $19.9m; cash conversion ratio improved to 129%.

• Interim fully franked dividend of 12.0c per share declared, payout ratio at 49% of statutory NPAT.

• Net leverage at 0.8x EBITDA; $9.9m of debt repaid in 1H26.

Outlook and guidance

• Upgraded FY26 EBITDA guidance for Stride (Canada) to 20–25% and Dream U.K. to £8.0–£8.3m; Dream U.S. guidance unchanged at $2.7m–$3.0m EBITDA.

• 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.

• Australian lottery retailing margin guidance remains at 46%–50%.