Tabcorp Holdings Limited (ASX:TAH) Releases 1H25 Results
Financial Performance
Tabcorp Holdings Limited (ASX:TAH) reported a group revenue of $1,331.3 million for the half year ended 31 December 2024, marking a 10.1% increase. EBITDA rose by 12.0% to $190.2 million, while EBIT surged by 85.4% to $92.7 million.
Operational Achievements
The company focused on cost discipline, achieving $30 million in operating expense savings for the full financial year 2025, up from previous guidance of $20 million. Tabcorp also benefited from the reformed Victorian Wagering and Betting Licence, contributing to an EBITDA uplift of $36.4 million.
Strategic Evolution
Tabcorp implemented a change from a matrix to a vertical leadership structure with key appointments announced. The company enhanced its wagering and media capabilities and pursued strategic initiatives to deliver improved customer experiences and greater efficiency in marketing and generosity spend.
Dividend Declaration
For the first half of 2025, Tabcorp declared an unfranked dividend of 1.0 cents per share.
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