Tabcorp reports FY25 net profit following licence transition 

Key points:

– Tabcorp has released its FY25 financial results

– The sportsbook operator reported a net profit of AU$36.6m, compared to a loss of AU$1.36bn last year

– Figures were up across the board

Tabcorp has released its financial results for full-year 2025.

For the year ended 30 June 2025, the operator generated revenue of AU$2.61bn (US$1.69bn), up 11.8% year-on-year, with an EBITDA of AU$391.5m, up 23.2%.

The operator noted that its transition to a Victorian Wagering and Betting Licence, which it received on 16 August 2024, greatly benefitted the business financially, which is especially notable in its EBIT and net profit after tax (NPAT) figures. EBIT almost doubled year-on-year to AU$188.7m, while NPAT before significant items reached AU$49.5m, up 76.8%.

Overall, statutory NPAT came to AU$36.6m, compared to last year’s loss of AU$1.36bn – a significant year-on-year recovery.

To achieve these results, Tabcorp pointed to its new leadership structure, cost discipline and focus on execution, among other things. Managing Director and CEO Gillon McLachlan described the results as “pleasing,” adding: “When I joined Tabcorp I said I was drawn to the value that can be unlocked within our unique set of strategic assets, but to do that we needed to get fit.

“Today we are a fitter business. A business with an improved cadence, a simpler, more cost-effective operating model and an improved culture of cost and capital discipline. We have a clear strategy and clear lines of accountability that are allowing us to execute on a bolder strategic plan.”

Revenue by sector

Breaking down revenue by sector, wagering and media generated AU$2.44bn, up 12.8%, while integrity services made AU$175.8m, up 7.6%. Growth is shown most explosively when looking at sector EBIT growth, with wagering and media almost doubling from AU$70.3m to AU$168.2m, though integrity services remained relatively stable, growing just 2.5% to AU$20.5m.

Breaking down wagering and media revenue further, while revenue came to AU$2.44bn, wagering and media’s variable contribution came to AU$915.9m, with expenses of AU$586.8m (down 15.7% year-on-year), resulting in an EBITDA of AU$329.1m, up 31%.

During the year

In FY25, Tabcorp signed several partnerships, including those with 1/ST Content and PandaScore. It also faced fines for actions taken prior to the financial year, most notably for accepting over 850 illegal online in-play bets between April and October 2023. The operator was fined AU$262,920.

Looking ahead

With FY26 to be its first full year with a Victorian Wagering and Betting Licence, Tabcorp expects that the wagering market will grow modestly. While no revenue or EBITDA guidance was given, Tabcorp expects a Capex between AU$120m – AU$140m, with depreciation and amortisation between $215m – $225m.

Stay updated with GI

Follow Gambling Insider for independent news, analysis and industry expertise.

Add as a preferred source on Google

Beth Turner

Gambling Writer

Beth Turner is a journalist and Senior Staff Writer at Players Publishing, where she contributes news and feature content to leading B2B gaming titles, including Gambling Insider, Gaming America, Sports Betting Focus and Trafficology. Based in the London area, she has been part of the editorial team since October 2023, progressing to Senior Staff Writer in February 2025.

In her role, Beth covers key developments within the global gambling and iGaming landscape, producing insightful reporting on regulatory shifts, operator strategy, sponsorship trends and emerging market activity.

Visit Profile