EarningsQ4 2026 Earnings Report
TABCF Q4 2026 EPS Results
Actual EPS$0.01
Consensus EPS<$0.01
Beat/MissBeat by +<$0.01
One Year Ago EPS<$0.01
TABCF Q4 2026 Revenue Results
Actual Revenue$755.87M
Expected Revenue$945.93M
Beat/MissMissed by -$190.06M
YoY Revenue Growth-0.28%
Earnings Announcement Details
QuarterQ4 2026
Date08/25/2026
TimeAfter Close
Conference CallTuesday, August 25, 2026
TABCF Upcoming Earnings
Tabcorp Holdings Limited's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
TABCF Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented meaningful operational and financial progress: double-digit EBITDA and EBIT growth, strong cash conversion, improved ROIC, reduced leverage, strategic wins (National Tote, Sky rights, BetMakers agreement) and tangible retail momentum (Phase 1 benefits, strong World Cup performance). These positives are balanced against regulatory overhang (AUSTRAC), modest top-line growth, continued decline in pari-mutuel turnover, near-term higher CapEx (EBTs) and integration/approval risk for the BetMakers acquisition. Management expects continued cost discipline and execution on strategic initiatives, but some benefits (National Tote, full terminal returns, BetMakers synergies) will take time to fully realize.Company Guidance
Group Revenue and Profit Growth
Group revenue grew 0.8% to $2.64 billion; variable contribution increased 4%. EBITDA increased 10.3% to $432 million and EBIT rose 15.9% to $219 million. NPAT before significant items grew 44% to $71.1 million.
Improved Margins, Efficiency and Returns
EBITDA margin improved by 140 basis points to 16.4%. OpEx (adjusted for the Victorian license) decreased by 80 basis points despite inflationary pressures. Return on invested capital (ROIC) rose to 12% from 9.6% (a 240-basis-point improvement).
Strong Cash Generation and Balance Sheet Progress
Underlying cash conversion was 98%. Net interest expense decreased 5.8% and leverage reduced to 1.2x at year end. Liquidity stood at $1.2 billion and average drawn debt maturity extended to 4.9 years.
Retail Commercial Model Phase 1 Delivered
Initial Phase 1 of the new retail commercial model delivered a $22 million positive EBITDA impact in FY '26 and has driven structural sustainability in the retail channel; 97% of historical turnover is retained across ~3,300 venues.
Record FIFA World Cup Performance and Retail Momentum
For the FIFA World Cup, retail turnover increased 57% and digital turnover increased 53% versus the last World Cup. Digital in-venue turnover grew 9% for FY '26 (sport-specific in-venue turnover up 25%), and turnover among 34-year-old cohort grew 23%.
Strategic Industry and Media Wins
Agreement reached for a National Tote (to launch early in Spring Carnival) and Sky secured domestic and international rights for every Australian race, positioning Sky and the Group to expand global B2B media distribution.
Technology & M&A to Modernize Platform
Agreement to acquire BetMakers to modernize technology and create a global B2B growth engine (target completion Q3 FY '27). Rollout of next-gen betting terminals (EBTs) commenced with expected returns on investment of at least 25%.
Integrity Services and Diversification
MAX Integrity Services provided consistent performance and increased variable contribution by approximately $6 million driven by CPI fee increases and additional project work, contributing to earnings diversity.
TABCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed