The Lottery Corporation reported a decline in revenue last half, but described its performance as “resilient” during a period of lower jackpot offerings.
The company’s revenue was A$1.78 billion last half, down 5.6% year-over-year. This was due to ongoing economic pressures as well as a decline in jackpot prizes, The Lottery Corporation said.
“The Lottery Corporation’s result for the half (1H25) demonstrates the strength and resilience of our diversified game portfolio, proactive portfolio management, and the ongoing benefits of our customer-focused innovation,” said CEO Sue van der Merwe.
“The lotteries market continues to be attractive, delivering uninterrupted, long-term growth, generally ahead of combined population growth and inflation. This, together with the strong fundamentals of our business, underpins our ability to generate strong returns for shareholders through the economic cycle,” van der Merwe said.
Net profit after tax was $175.7 million, falling 9.9% year-over-year.
The company’s earnings per share were $0.079, compared with $0.098 in the first half of the prior fiscal year. Its interim dividend is $0.08 per share, fully franked.
Revenue in its Lotteries division was $1.63 billion, down 6.2% year-over-year. Active registered customer numbers rose by 12.6%, reaching 4.71 million.
Keno revenue increased by 1% year-over-year to $148.1 million. Retail turnover grew by 5.6%, though digital turnover fell by 17.5% after the company introduced mandatory spending limits for online Keno players last half.
The Lottery Corporation’s share price (ASX: TLC) was $5.09 at time of writing, up from its previous close at $4.92. Its market capitalisation is $11.3 billion.
