The Lottery Corporation Limited (TLC) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining today's call on the Lottery Corporation's 2026 financial results. I'm Wayne Pickup, the company's MD and CEO, and I'm joined by our CFO, Adam Newman. We'll walk through the investor presentation lodged with the ASX this morning, then open the line for questions. Since I joined the Lottery Corporation nine months ago now, you may have heard me say that it operates from a position of strength with a privileged market position and strong fundamentals. But while that's true, we need to position the business for the next chapter of growth to evolve from being a lottery operator to a digitally-led entertainment platform. To achieve that, we have refreshed the strategy and implemented a new operating model. New teams are in place and we're moving at pace to execute. We're preserving what's been successful over many, many years but modernising it for how Australians want to play and engage today as customers move online and demand more. That creates a clear opportunity underpinned by a simple vision to be the place where Australia comes to play. Looking back on the first year, three things stand out. Firstly, the core is strong. That's the benefit of strong infrastructure like foundations, through our long licences, operational scale and well-known brands. Secondly, FY26 was a really soft year for big jackpots. A one in 45 year outcome. A good one for our customers as more Australians won million dollar prizes. But it was the first time in five years that Powerball didn't jackpot to $100 million. Oslotto, our other jackpot game, didn't get to $50 million for the first time in nine years. But as you know, the math tells you jackpot runs even out over time. The momentum in pricing, base gain participation, and digital share matters more t...