Slide 1: 1H26 Results Presentation
Jumbo Interactive Limited 1H26 Results Presentation For the half-year ending 31 December 2025 25 February 2026
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about the activities of Jumbo Interactive Limited ABN 66 009 189 128 (Jumbo) and its controlled subsidiaries (Group) current as at the date of this presentation. It should be read in conjunction with Jumbo’s other periodic and continuous disc
Slide 3: CEO Perspectives
CEO Perspectives Mike Veverka Managing Director, CEO and Founder
Slide 4: Jumbo's Evolution
Jumbo’s Evolution Jumbo is a diversified, international, technology-enabled lottery and prize draw company Proven track record in lotteries Decades of experience delivering consistent growth through jackpot cycles and changing economic conditions FY18 EBITDA $19m Technology-led Underpinned by best-i
Slide 5: Where AI enhances our value
Where AI enhances our value Embedding AI to enhance productivity, insight and speed End-to-end software development 100% adoption across the SDLC, from feature definition and coding to testing and CI/CD, improving speed while maintaining quality guardrails. Front office optimisation AI enabled suppo
Slide 6: Structural Moats
Structural Moats Built on licences, data and relationships - as well as technology Regulatory and Licences Data and Platform Operational and Relationships Regulatory licenses and Proprietary customer data – Embedded operational governance frameworks – over 5 million verified and relationships – long
Slide 7: Business Update
Business Update Mike Veverka Managing Director, CEO and Founder
Slide 8: 1H26 Overview
1H26 Overview Business Conclusion | By Segment Financials Update Outlook Solid result in a subdued jackpot period; Accelerating international growth Australia Dream Giveaways Maintaining share, improving mix, new partnerships International B2C growth engine established • Market share performance ref
Slide 9: Key Metrics
Key Metrics Business Conclusion | By Segment Financials Update Outlook Double-digit growth across key financial metrics Total Transaction Value ($m) Group Revenue ($m) Underlying EBITDA1 ($m) 524.1 85.3 37.5 1H25: 453.4 (16%) 1H25: 66.1 (29%) 1H25: 30.6 (23%) Lottery Retailing 208 (1H25: 208)
Slide 10: Lottery Retailing
Lottery Retailing Business Conclusion | By Segment Financials Update Outlook Market share up on pcp despite more subdued large jackpots Estimated Jumbo Share of Sales1 (%) Powerball | Oz Lotto Division 1 large jackpots (≥$30m) 49 60 56 46 50 69 47 51 41 80 120 160 100 100 200 100 100 80 1.2 30 0.9 1
Slide 11: Lottery Retailing
Lottery Retailing Business Conclusion | By Segment Financials Update Outlook Marketing playbook and product mix driving higher player value Digital Penetration1 (%) New Players (‘000s) Marketing costs2 (% / TTV) 42.0 43.0 41.2 Includes record 39.6 40.4 $200M Powerball 2.7 2.7 255.8 2.3 167.7 1.4 110
Slide 12: Lottery Retailing
Lottery Retailing Business Conclusion | By Segment Financials Update Outlook Maintaining market share during a subdued jackpot period Estimated Jumbo Share of Sales by draw 1 (%) Period Average Retention Division 1 prize of $10M to $30M Individual Draw Game changes Saturday Powerball 1HY23 2HY23 1HY
Slide 13: Software-as-a-Service
Software-as-a-Service Business Conclusion | By Segment Financials Update Outlook Scaling partnerships, growing share TTV ($M) Active Players1 (million) Project Updates 9.9% Charity | Government 137 +2.9% 124 124 127 -2.4% 1.78 - Go Live in Q1 FY27 Government 1.73 1.74 Growth 1.67 - Incremental ~$200
Slide 14: Managed Services
Managed Services Business Conclusion | By Segment Financials Update Outlook Building momentum, operating leverage emerging ✓ On track to exceed £100 million in TTV for the first time ✓ 97% client CSAT score and +73 NPS score (Gatherwell) United ✓ Successful execution of flagship Prize-Draws-as-a-Ser
Slide 15: Integration Update
Integration Update Brad Board Chief Operating Officer
Slide 16: Dream Team
Dream Team Business Conclusion | By Segment Financials Update Outlook Accelerating growth through International B2C acquisitions Brand DCG (UK) DCG (UK) DG (US) Market Opportunity 27 million 70 million 350 million (Total Population1) Key Financials2 $457M | $36M $118M | $17M | $110M $27M | $7M | $55
Slide 17: Dream Team
Dream Team Business Conclusion | By Segment Financials Update Outlook First 90 days integration phase complete, Phase 2 execution underway Integration Principles Operational Governance Model 1. T Preserve momentum through a balanced approach 1. T Full integration of core support functions 2. Operati
Slide 18: Dream Team
Dream Team Business Conclusion | By Segment Financials Update Outlook Strategic Rationale – Confidence Bolstered • Low-cost, high-impact integration onto the Jumbo Alignment Lottery Platform (JLP) unlocking mobile app • USPs of JLP prompting earlier integration window capability and enhanced data an
Slide 19: Financial Update
Financial Update Jatin Khosla Chief Financial Officer
Slide 20: Underlying EBITDA
Underlying EBITDA Business Conclusion | By Segment Financials Update Outlook Resilient performance ahead of Dream Giveaways uplift Underlying EBITDA bridge – 1H25 vs 1H26 ($’000) +1.4% 6,470 37,514 5,481 (279) 32,232 31,182 30,609 77 31,044 (5,282) (573) (4,844) 8.3% 2.6% 19.5% 47.2% 46.3% 43.
Slide 21: Cost Management
Cost Management Business Conclusion | By Segment Financials Update Outlook Marketing investment partially offset by disciplined cost management Underlying operating expense bridge – 1H25 vs 1H26 ($’000) 3,363 43,265 10,216 39,902 +19.5% 1,196 855 29,686 3,034 182 (152) (277) 25,360 24,848 (512) 11
Slide 22: Australia
Australia Business Conclusion | By Segment Financials Update Outlook In line with 46% - 50% underlying EBITDA margin range 1H26 1H25 Variance A$’000 LR SaaS Corporate1 Australia LR SaaS Corporate1 Australia % TTV 207,878 136,775 - 344,653 208,258 124,439 - 332,697 3.6% External revenue 51,462 5,70
Slide 23: Managed Services
Managed Services Business Conclusion | By Segment Financials Update Outlook Strong EBITDA growth with good momentum in Canada and disciplined execution in UK 1H26 1H25 Variance A$’0001 UK Canada Total UK Canada Total % TTV 105,514 38,222 143,736 89,621 31,082 120,703 19.1% Revenue 10,068 4,381 14,
Slide 24: Dream Giveaways
Dream Giveaways Business Conclusion | By Segment Financials Update Outlook UK delivering ahead of expectations, US tracking to plan 1H26 A$’0001 Dream UK2 Dream US2 Total TTV 32,494 3,180 35,674 Net Revenue 11,512 2,154 13,666 Cost of Sales3 (969) (264) (1,233) Gross Profit 10,543 1,890 12,433 Marke
Slide 25: Capital Management
Capital Management Business Conclusion | By Segment Financials Update Outlook Strong balance sheet maintained while funding growth and shareholder returns • Strong liquidity with available funds1 and undrawn debt of $57.8m Available Funds ($m) 1H26 FY25 Cash and cash equivalents 57.9 79.9 • FY26 int
Slide 26: Cash Generation
Cash Generation Business Conclusion | By Segment Financials Update Outlook Strong organic capital generation funding growth, debt reduction and shareholder returns Cash Flow Reconciliation ($M) Pro forma adjustments 23.2 129.0% (1H25: 64.7%) (3.2) Cash Conversion Ratio1 79.9 (19.0) (11.3) 57.9 (9.9)
Slide 27: Conclusions & FY26 Outlook
Conclusions & FY26 Outlook Mike Veverka Managing Director, CEO and Founder
Slide 28: Proven track record of growing earnings and cash
Proven track record of growing earnings and cash Business Conclusion | By Segment Financials Update Outlook Revenue ($M) EBITDA ($M) Operating Cash Flow ($M) +15% p.a. +10% p.a. +9% p.a. 4-year CAGR (FY21 to FY25) 4-year CAGR (FY21 to FY25) 4-year CAGR (FY21 to FY25) 159 145 119 $200M Powerball in F
Slide 29: FY26 Group Outlook
FY26 Group Outlook Business Conclusion | By Segment Financials Update Outlook Updated for Canada and Dream UK Australia TTV (£M) Underlying EBITDA Margin Managed ServicesTTV (£M) (Lottery Retailing + SaaS + Corporate) 46% - 50% UK TTV Underlying EBITDA Growth Driven by new business wins, pricing 10%
Slide 30: Questions
Questions
Slide 31: Supplementary Information
Supplementary Information
Slide 32: Australian lotteries
Australian lotteries Resilient at lower jackpots JIN Lottery Retailing TTV1 - Rolling 12-month FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1H26 Dec-18 Dec-19 Sep-17 Jun-18 Jun-24 Jun-19 Jun-20 Jun-23 Jun-25 Dec-17 Sep-18 Jun-22 Sep-19 Mar-18 Mar-19 Mar-20 Sep-20 Mar-23 Sep-23 Mar-24 Sep-24 Dec-24 Mar-25
Slide 33: Australian lotteries
Australian lotteries Consistent and resilient growth over the long term Australian lotteries sales over time ($bn) Retail Digital 3 year Average Recession Recession GFC COVID-19 8.5 7.9 7.9 7.8 7.2 3.5% 3.5% p.a. 6.5 6.6 FY1990 to FY2025 CAGR 5.2 5.3 5.0 5.2 4.8 4.9 4.4 4.7 4.5 4.3 4.8 41.2% 4.1 1HY
Slide 34: Australian lotteries
Australian lotteries Significant growth potential from online penetration vs rest of the world 2024 total internet revenues as a % of total lottery sales1 80% 78% 76% 74% >50%4 $90M OzLotto 63% 64% 64% (26 Dec 2023) 62% 57% 47%4 47% 47% 50% $200M Powerball 41% 43% (1 Feb 2024) 41% 42% 38% 38% 35% 33
Slide 35: Active players provide the foundation for future growth
Active players provide the foundation for future growth Active players who made a purchase in the 12-month period (million) Dream Giveaways - US 5.3 Dream Giveaways - United Kingdom Managed Services - Canada 4.6 Managed Services - United Kingdom 4.4 4.0 Australia 2.9 1.8 1.0 0.8 0.4 0.4 0.4 FY16 FY1
Slide 36: Group 1H26 Reconciliation to 1H26 reported earnings
Group 1H26 Reconciliation to 1H26 reported earnings Statutory Underlying Add/(deduct) significant one-off items $’000 1H26 1H25 #039;000 1H26 1H25 Variance 1H26 1H25 Variance Merger & Acquisition activity costs2 3,239 389 EBITDA 32,232 31,182 3.4% 37,514 30,609 22.6% Employee payments3 - 123 EBIT 23,74
Slide 37: Group 1H26 Consolidated Results
Group 1H26 Consolidated Results #039;000 1H26 1H25 Variance Variance % TTV 524,063 453,400 70,663 15.6% Revenue 85,277 66,130 19,147 29.0% Cost of sales (12,293) (10,781) (1,512) (14.0%) Gross profit 72,984 55,349 17,635 31.9% Other revenue 2,513 1,193 1,320 110.6% Expenses (excl. SBP) (42,782) (24,934
Slide 38: Group 1H26 Segment Results
Group 1H26 Segment Results Australia Lottery Corporate3 | Managed Dream Total #039;000 SaaS (LR + SaaS + Retailing Eliminations Services Giveaways (Aus + MS + DG) Corp) TTV - Company 207,878 - - 207,878 - - 207,878 TTV - Third-party - 136,775 - 136,775 143,736 35,674 316,185 Total TTV 207,878 136,775 -
Slide 39: Group 1H26 Lottery Retailing
Group 1H26 Lottery Retailing Financials 1H26 1H25 Variance % Lotteries TTV $’000 197,873 201,652 (1.9%) TTV by Product (%) Charity and other TTV $’000 10,005 6,606 51.5% 5% Total TTV $’000 207,878 208,258 (0.2%) 8% TLC Revenue $’000 45,419 45,676 (0.6%) Non-TLC Revenue $’000 6,043 3,097 95.1% 20% 47
Slide 40: Average TTV per draw
Average TTV per draw Powerball (≤$50 million) OzLotto (≤$50 million) 8.0 3.5 7.0 3.0 6.0 2.5 No $50M draws 5.0 2.0 4.0 1.5 3.0 1.0 2.0 0.5 1.0 - - FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1HY26 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1HY26 <$20 million $20 million ≥$40 to $50 million ≤$5 million >$5
Slide 41: Group 1H26 Managed Services Results (Local Currency)
Group 1H26 Managed Services Results (Local Currency) UK1 (£’000) Stride (C#039;000) 1H26 1H25 Var % 1H26 1H25 Var % TTV 51,643 45,917 12.5% 34,719 28,388 22.3% Revenue 4,927 4,548 8.3% 3,980 3,140 26.8% Cost of sales (351) (357) 1.7% (1,435) (1,118) (28.4%) Gross profit 4,576 4,191 9.2% 2,545 2,022 25.
Slide 42: Group 1H26 Dream Giveaways Results (Local Currency)
Group 1H26 Dream Giveaways Results (Local Currency) Dream UK1 (£’000) Dream US1 (US#039;000) TTV 15,904 2,090 Revenue 5,635 1,416 Cost of sales1 (474) (174) Gross profit 5,161 1,242 Marketing Expenses (1,764) (945) Employee Expenses (244) (495) Operating Expenses (586) (161) EBITDA 2,568 (359) One-off
Slide 43: Group 1H26 Depreciation and Amortisation
Group 1H26 Depreciation and Amortisation Acquisition Date 29-Nov-19 1-Nov-22 1-Jun-22 29-Oct-25 14-Oct-25 Local Currency £ million £ million C$ million US$ million £ million Intangible Asset Valuation (Useful Life - months) Gatherwell Starvale Stride DG US1 DCG UK1 Software 0.5 (60) 0.5 (60) 0.7 (60
Slide 44: Capital Management Framework
Capital Management Framework Focused on executing our growth strategy while maximising shareholder value Capital dynamics and dividend policy (Illustrative) Uses Objective Description Organic Product development 1 Growth investment and innovation 2 Debt Strengthen Repayment of Debt Repayment balance