Jumbo Interactive Limited has announced its results for the half year ended 31 December 2024, revenue was down 10.5% to $66.1 million, underlying EBITDA1 down 12.9% to $30.6 million.

Managed Services includes Jumbo’s subsidiaries in the UK and Canada. In aggregate, Managed
Services generated $120.7 million (1H24: $126.0 million) in TTV, $12.3 million (1H24: $13.1
million) in revenue and $2.7 million (1H24: 3.2 million) in EBITDA, reflecting an EBITDA/revenue
margin of 21.6% (1H24: 24.2%).

The lower EBITDA reflects subdued revenue growth, particularly in Canada as a number of customer contracts across the lottery value chain were re-evaluated, and the investment Jumbo has made in setting the foundations for future growth.

The ongoing positive cash generation and strength of the balance sheet resulted in the Board
determining to pay an interim, fully franked dividend of 24.0 cents per share. This translates to a
dividend payout ratio of 84.2%, at the top end of our targeted 65% to 85% dividend payout ratio
range.

As part of a proactive approach to capital management, in September 2022 Jumbo commenced an
on-market share buy-back of up to $25 million. In 1H25 $4.65 million worth of shares had been
purchased.

The Group intends to continue the on-market share buy-back program but will maintain a disciplined approach to execution, with the timing and number of shares to be purchased dependent on the prevailing share price and alternative capital deployment opportunities.

Jumbo Managing Director, CEO and Founder Mike Veverka said “The large jackpot environment in
the first six months of FY25 was relatively subdued prompting changes to marketing techniques
and cost base management.

The successful launch of Jumbo’s proprietary “Daily Winners” Premiumloyalty program has had a positive effect on our core Powerball and OzLotto games and helped with player engagement in a low jackpot period. Progress in Canada and the UK remains on track under new leadership and the balance sheet remains strong with available cash of over $50 million.”