Australia's Tabcorp jumps after first‑half profit soars 62%, beats forecasts

Tabcorp Holdings

25/02/2026 03:45

Feb 25 (Reuters) - Australia's Tabcorp TAH.AX on Wednesday reported a near 62% rise in first-half earnings that eclipsed market expectations, supported by a modestly improving turnover environment and cost management, sending its shares soaring 20%.

The betting firm's stock jumped to A$1.020, marking its sharpest intraday rise since August 27,  2025, and topping the leaderboard at the benchmark ASX200 .AXJO, which gained 1.1%.

The Victoria-headquartered firm reported A$35.7  million ($25.31 million) as net profit attributable before significant items for the first-half ending December 31.

This was above Visible Alpha's A$25.07  million consensus and surpassed last year's A$22.1  million.

($1 = 1.4106 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Janane Venkatraman)

 ((tanishk.Kumar@thomsonreuters.com; X: @thatstanishk))