Lottery Corp, AU0000219529

The Lottery Corporation stock: AGM backs board framework

Published on 11/11/2026 at 01:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Lottery Corporation stock enters a new leadership phase after shareholders backed every AGM resolution. FY26 results showed mixed operating trends.

AGM outcome and operating outlook

Shareholders approved every resolution at the October annual meeting.
Low jackpot activity weighed on FY26 turnover, while digital lottery sales and Keno strengthened.
Wayne Pickup became managing director and chief executive after Sue van der Merwe's retirement.

Lottery Corp, AU0000219529, Illustration mit AI erstellt.

The Lottery Corporation's shareholders approved every resolution at the company's annual general meeting on October 14, 2026, according to Quartr. The vote covered the FY26 reports, director re-elections, the remuneration report, performance rights for the chief executive and renewal of the proportional takeover provision.

Shareholders preserve board framework

The AGM result leaves the board's governance framework intact. Wayne Pickup took over as managing director and chief executive in November after Sue van der Merwe's retirement, while Harry Boon retired at the conclusion of the meeting.

FY26 revenue reached AUD 3.577 billion, while reported net profit after tax fell to AUD 284.6 million. Quartr said unusually low jackpot activity reduced turnover by an estimated AUD 700 million against model expectations, as Powerball and Oz Lotto failed to reach their usual large jackpot thresholds.

The operating mix provided some support. Base-game turnover increased 5.6 percent, the digital share of lottery sales rose by 90 basis points and Keno delivered another record result. EBITDA before significant items was AUD 736.1 million, compared with reported EBITDA of AUD 710.4 million.

Lottery market remains competitive

The Lottery Corporation operates lottery and Keno games in Australia, with its investor relations materials covering shareholder information, financial performance and operational revenue. In the lottery peer group tracked by SectorWire, it is larger by listed market value than FDJ United, Brightstar Lottery and Jumbo Interactive, while those companies provide international and regional comparison points.