We today announced our results for FY23, our first full year as The Lottery Corporation.
For the year ended 30 June 2023, group revenue of $3.51 billion was up 0.2% on the prior corresponding period on a comparable basis¹ while group EBITDA before significant items of $713.2 million was up 4.2% on a comparable basis¹.
In terms of our two business segments, Lotteries comparable EBITDA was $607.2 million, up 2.4%, while Keno comparable EBITDA was $106 million, up 15.3%.
“FY23 was a successful first year for The Lottery Corporation. We’ve established a top ASX50 company with a highly engaged and motivated team, and a compelling vision to be the world’s best lottery operator,” CEO Sue van der Merwe said.
“Through active management of our well-balanced product portfolio, we’ve delivered continued earnings growth and increased our customer base. This result builds on this business’ long-term history of sustainable growth and resilience.”
The Lott has about 9.7 million total active customers, with more than 639 million Lotteries entries sold in the past financial year.
Shares in the popular Store Syndicates Online, a leading innovation in the Lotteries category, have been bought by 230,000 customers.
The Lottery Corporation announced a final dividend of 6.0 cents per share to shareholders. This bring total ordinary dividends for the year to 14.0 cents per share, in addition to a special dividend (paid in March 2023) of 1.0 cent per share, fully franked.
“We’re a leader in the Australian lotteries and Keno market, with a bright future,” Sue said.
“Our focus on delivering world-class customer-centred initiatives will help ensure we maintain the momentum in the business and maximise the value of our unique assets for all our stakeholders.
“We are investing in supercharging the customer experience – making it easier to play our games and driving further personalisation – as well as accelerating the integration of the retail and digital channels to provide seamless experiences to customers, however they choose to play.”
See our investor section for more information.
¹ “Comparable information is defined as per slide 8 of the FY23 Results Presentation. This is “Non-IFRS” information and is unaudited.