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The Lottery Corporation Limited (ASX: TLC) today announces its results for the year ended 30 June 2023 (FY23)
A successful first year: highlights
• Continued earnings growth o 4.2% increase in Group Comparable1 EBITDA before significant items
o 9.7 million total active Lotteries customers2 (including 4.2 million registered) o Continuing to deliver to a plan that’s successfully driven long-term growth
• Delivering value for stakeholders, always
o First dividends3 paid to shareholders. The Board has determined to pay a final dividend of 6.0 cents per share in respect of the six months ended 30 June 2023. Total ordinary dividends (interim and final) are 14.0 cents per share, fully franked, in addition to a special dividend (paid in March 2023) of 1.0 cent per share, fully franked o Increased retail commissions o Significant taxes to governments (more than $1.7 billion) and commissions to retailers and venue partners ($604 million) – highlighting the value of the lotteries and Keno ecosystems
• Successfully established The Lottery Corporation as a top ASX50 entity
o Established and articulated new vision, purpose and principles; highly engaged and motivated team
o Strong risk and governance processes established; further strengthening of customer care practices
o Established framework to underpin a disciplined approach to capital allocation
The Lottery Corporation Managing Director & CEO Sue van der Merwe commentary: “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. “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.
“We remain focused on delivering world-class customer-centred initiatives. One example of this was the launch of our leading Store Syndicates Online product in November 2022. It brings store-based syndicate offerings to customers online in a way that prioritises convenience for customers, increases commissions for retailers and generates incremental sales.
“The Lottery Corporation provides games that Australians love and delivers life-changing wins. Consistent with our purpose to create positive impacts, we have further strengthened our customer care practices helping ensure we deliver our games safely and with integrity. “We continued to deliver significant returns to governments and our retail partners, which highlights the important role Australian lotteries play in every community.”
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