Australia's Jumbo Interactive falls after Morningstar flags soft 1H prelim results

Jumbo Interactive

05/02/2026 01:29

Updates

** Shares of Jumbo Interactive’s JIN.AX fall as much as 3.7% to A$9.640, their lowest since June 30, 2025

** Morningstar says an unfavourable jackpot run dampened JIN's preliminary first‑half results, but it expects lottery revenue to rebound in the second half

** Lottery operator reported preliminary 1H underlying EBITDA of A$37.5 million ($26.23 million), up 23% YoY

** Investment research firm says results reflect an unfavourable jackpot run, with flat 1H transactions, yet FY view remains unchanged, including a projected 6% rise in lottery retailing volumes

** Sees 2H rebound in lottery rev with demand’s price‑inelastic nature ensuring most gains flow through despite only a slight drag on volumes

** Stock down ~14.6% YTD

($1 = 1.4298 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))