Jumbo Interactive (JIN) H2 2025 earnings summary

Executive summary

• Delivered the second-best result ever, just behind FY24, with strong player engagement and loyalty in lottery retailing despite subdued jackpots.

• All segments showed resilience; Managed Services outperformed margin guidance and SaaS achieved record TTV and revenue, with multiple partners achieving record results.

• Disciplined capital management included a stable dividend and ongoing share buy-back.

• Maintained a 24% share of the Australian lottery fundraising market, reinforcing market leadership.

Financial highlights

• Group TTV was $996.1m, down 5% year-over-year; revenue was $145.3m, down 9%.

• Underlying EBITDA was $68.3m (−11%), with a margin of 47.0%.

• Underlying NPATA was $42.3m (−9%), and free cash flow was $41.9m, with cash conversion above 100%.

• Dividend declared at 54.5 cps, fully franked, unchanged from FY24, with an 84.7% payout ratio.

• Group revenue margin was 14.6%.

Outlook and guidance

• FY26 group underlying EBITDA growth targeted at 5–10%.

• Australia segment EBITDA margin guidance set at 46–50%, reflecting higher marketing costs.

• SaaS expected to deliver strong TTV growth; Managed Services guidance simplified to EBITDA growth, with 10–15% growth in the U.K. and 5–10% in Canada.

• Dividend policy unchanged; M&A remains a top priority for growth.