The Tabcorp Holdings Ltd (ASX: TAH) share price is in focus today after the company delivered FY26 results showing revenue rose 0.8% to $2,636.3 million and group EBITDA climbed 10.3% to $431.7 million.

What did Tabcorp report?

• Group revenue: $2,636.3 million, up 0.8% on FY25
• Group EBITDA: $431.7 million, up 10.3% on FY25
• Net profit after tax (before significant items): $71.1 million, up 43.6% on FY25
• Final dividend: 1.5 cents per share, unfranked; full year dividend: 3.0 cents, up 50%
• Net debt at 30 June 2026: $533 million; leverage reduced to 1.2x EBITDA
• Wagering & Media EBITDA: $361.8 million, up 9.9%; Integrity Services EBITDA: $69.9 million, up 12.0%

What else do investors need to know?

Tabcorp highlighted a strong focus on executing its transformation strategy, including cost discipline and a differentiated wagering product. The retail commercial model was updated, new betting terminals rolled out, and TAB LIVE in-play launched in pubs and clubs across approved states.

After the reporting period, Tabcorp announced an agreement to acquire BetMakers Technology Group, aiming to modernise its wagering technology and expand global B2B operations. This acquisition is expected to support further growth and efficiency once completed.

The company also extended and diversified its funding, issuing $300 million in notes and lengthening loan maturities. Liquidity stood at $1,161 million at 30 June 2026, and the company declared a 3.0 cent full-year dividend with a 58% payout ratio.

What did Tabcorp management say?

Gillon McLachlan, Managing Director & Chief Executive Officer, said:

Midway through our turnaround journey, we’re executing on the plan, continuing to exercise cost and capital discipline and the Company is delivering earnings growth. The first two stages of our transformation were to get fit and operationalise our game plan. We’ve done that and we’re ready to enter the growth phase of our transformation. Our proposed acquisition of BetMakers will accelerate our strategy, allowing us to release products faster and more cheaply while using BetMakers’ complementary global assets to grow our international revenue opportunities.

What’s next for Tabcorp?

Tabcorp expects domestic wagering turnover growth in FY27 to be broadly consistent with FY26, with further benefits anticipated from the Next-Gen terminal rollout and commercial model changes. Ongoing cost control and continued investment in strategic initiatives remain priorities.

Completion of the BetMakers acquisition, expected in the third quarter of FY27 and subject to regulatory conditions, is set to further modernise Tabcorp’s operations and create new global growth opportunities. The company’s strong balance sheet is expected to support its strategic goals.

Tabcorp share price snapshot

The Tabcorp share price has outperformed the S&P/ASX 200 index (ASX: XJO) on a 12-month basis with a strong gain of around 27%.

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The post Tabcorp lifts FY26 profit, unveils new tech acquisition appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The WiseTech Global Ltd (ASX: WTC) share price is in focus today after the company reported a record 79% surge in revenue to US$1,395.9 million and a 54% jump in guidance EBITDA, both driven significantly by the e2open acquisition and strong AI productivity gains.

What did WiseTech Global report?

• Total revenue up 79% to US$1,395.9 million, within guidance
• Guidance EBITDA of US$585.8 million, up 54%; Reported EBITDA of US$558.4 million, up 46%
• Underlying EBITDA of US$644.5 million, up 56%; margin at 46%
• Underlying NPAT rose 29% to US$313.5 million; Statutory NPAT down 11% to US$178.7 million
• Final fully franked dividend increased 14% to 8.8 US cents per share
• Free cash flow up 43% to US$410.7 million; Underlying free cash flow up 67% to US$489.6 million

What else do investors need to know?

The e2open acquisition was a major contributor to WiseTech’s growth story this year, bringing in US$541.2 million revenue. Cost-saving programs delivered around US$115 million in annualised savings, including efficiencies from adopting AI in operations. Notably, more than 95% of CargoWise customers have transitioned to the new Value Packs commercial model, helping boost new signings—especially among SME customers.

WiseTech made strategic moves, such as acquiring FRDM.ai to expand its compliance offering (VerifyWise), and launched innovation-driven initiatives. The board also revised its structure to strengthen governance, welcoming a new permanent CEO and shifting to an independent Chair model.

What did WiseTech Global management say?

WiseTech Global’s CEO, Zubin Appoo, commented:

This was a transformational year for WiseTech. We acquired e2open to expand our offerings into adjacent markets, launched our new commercial model with more than 95% of CargoWise customers now on CargoWise Value Packs, and adopted AI across our own operations. We secured government agreements, delivering customs solutions for both the New Zealand Customs Service and the New Zealand trade community.

We added to our VerifyWise solution, acquiring FRDM.ai to accelerate supply chain compliance for exporters, importers and banks, and we continue to build out our CargoWise AI Workflow Engine and AI Management Engine to reduce the cost of global trade and logistics for our customers.

What’s next for WiseTech Global?

Looking to FY27, WiseTech is forecasting total revenue growth of 6% to 10% (US$1.48 billion to US$1.54 billion) and underlying EBITDA growth between 12% and 21%, with a margin uplift to 49%–51%. Management’s attention remains on integrating e2open, further rolling out the new commercial model, accelerating AI-driven product development, and driving margin expansion and debt reduction.

Priorities for FY27 include migrating the remaining legacy customers to Value Packs, launching new AI solutions, delivering additional regulatory solutions, and maintaining investment in R&D. The company remains committed to operating discipline and revenue quality improvement, supported by innovation and product enhancement.

WiseTech Global share price snapshot

The WiseTech Global share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the last 12 months with a decline of over 60%.

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The post WiseTech Global share price: FY26 earnings soar 79% on e2open acquisition appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Kelsian Group Ltd (ASX: KLS) share price is in focus after the company announced that SeaLink Rottnest will no longer be sold as part of its planned $161 million Tourism Portfolio transaction. The original deal with Journey Beyond has now been revised, with the remaining Tourism Portfolio considered for sale at $145.8 million.

What did Kelsian Group report?

• SeaLink Rottnest has been removed from the assets to be divested to Journey Beyond.
• The revised agreed consideration for the Tourism Portfolio sale is $145.8 million.
• Sale completion remains subject to ACCC and FIRB approvals and other conditions.
• Kelsian continues to operate SeaLink Rottnest as a standalone, profitable commuter ferry business.

What else do investors need to know?

Kelsian’s decision means SeaLink Rottnest will stay within the group, continuing to operate alongside other marine ferry services across Australia. This adjustment follows feedback in the regulatory approval process and aims to strengthen the case for ACCC approval of the remaining transaction.

The sale of the updated Tourism Portfolio, valued at $145.8 million, is still subject to standard regulatory and contractual consents. Kelsian is working with Journey Beyond to satisfy these conditions and expects the sale process to complete in the first half of FY27.

What did Kelsian Group management say?

Kelsian Group CEO, Graeme Legh said:

SeaLink Rottnest is a profitable standalone, commuter ferry business with a strong brand. Kelsian intends to continue to operate SeaLink Rottnest alongside its other marine ferry operations across Australia, including the Transperth commuter ferry operation in Western Australia, which was not part of the original Tourism Portfolio sale

Having removed SeaLink Rottnest from the transaction perimeter, we are confident we have a compelling case for ACCC approval of the remaining Tourism Portfolio transaction. We continue to expect the sale to complete in 1HFY27.

What’s next for Kelsian Group?

Looking ahead, Kelsian remains focused on finalising the Tourism Portfolio divestment, minus SeaLink Rottnest, as well as maintaining and growing its ferry operations. Keeping SeaLink Rottnest allows Kelsian to further leverage its strong position in marine transport, supporting the group’s broader strategy.

The company will continue to work closely with regulators and partners to achieve all required approvals and deliver value to shareholders through its refreshed portfolio.

Kelsian Group share price snapshot

Over the past 12 months, Kelsian Group shares are flat, slightly trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Kelsian Group updates Tourism Portfolio sale, retains SeaLink Rottnest appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.