Tabcorp Holdings Limited (TAH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to TAPC reporting's limited half-year results 2026. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised, today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Gillian McLaughlin, Managing Director and CEO. Please go ahead. Good morning, everyone, and welcome to our results for the first half of FY26. I'm Gillian McLaughlin, and I'm joined on the call by CEO Mark Howell. I'm going to take the presentation at bread and talk you through the key areas. Starting slide two, we released our revised game plan a year ago and I believe we're executing on that plan. The numbers today reflect the progress we've made and we're steadily building a culture of doing what we say we will do. For me, that's critically important. I want to stress that we're midway through our turnaround plan and there's still work to do. We're not yet at the level I want us to be, but I'm pleased we're on track against our FY26 objectives and we made good progress in the first half. Approved execution continued with AFL Missed by 1 and Megapod during the footy season. We showed up strongly through the spring carnival with tap takeover and tap time continued to sell out. The spring carnival, however, was a customer's carnival. Yields from September to November were historically low because of an unusually high number of favourites winning major races. Despite those challenges, the diversi...