Tabcorp Swings to Fiscal H1 Profit as Revenue Rises; Lowers Fiscal 2025 Capex Outlook

MT Newswires Live
02-20

Tabcorp Holdings (ASX:TAH) reported Thursday fiscal first-half earnings of AU$0.011 per diluted share, compared with a loss of AU$0.282 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting EPS of AU$0.009.

Revenue for the six months ended Dec. 31, 2024, was AU$1.33 billion, up from AU$1.21 billion in the same period last year. Analysts surveyed by Visible Alpha expected AU$ 1.32 billion.

For fiscal 2025, the company lowered its capital expenditure to a range of AU$110 million to AU$120 million from about AU$25 million from its previous guidance.

The board declared an interim dividend of AU$0.01 per share, unchanged from the previous reported period, payable on March 14 to shareholders on record as of Feb. 26.

The company's shares were down almost 1% in recent Thursday trade.

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