LTRCF (The Lottery) Operating Income: $404 Mil (TTM As of Dec. 2025)

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LTRCF The Lottery Corp Ltd LTRCF
64 GF Score
Price $3.80
GF Value $3.62
! 5 Warning Signs
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What is The Lottery Operating Income?

The Lottery LTRCF 64 Operating Income is $404 Mil as of Dec. 2025. GuruFocus rates LTRCF with a GF Score™ of 64/100 and a GF Value™ of $3.62. The stock has 5 warning signs investors should review.

The Lottery's Operating Income for the six months ended in Dec. 2025 was $207 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $404 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The Lottery's Operating Income for the six months ended in Dec. 2025 was $207 Mil. The Lottery's Revenue for the six months ended in Dec. 2025 was $1,206 Mil. Therefore, The Lottery's Operating Margin % for the quarter that ended in Dec. 2025 was 17.14%.

The Lottery's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Lottery's annualized ROC % for the quarter that ended in Dec. 2025 was 10.93%. The Lottery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 388.18%.


The Lottery  (OTCPK:LTRCF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Lottery's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=413.422 * ( 1 - 30.96% )/( (2585.808 + 2635.348)/ 2 )
=285.4265488/2610.578
=10.93 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2867.969 - 580.859 - ( 358.398 - max(0, 799.154 - 500.456+358.398))
=2585.808

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2961.262 - 593.223 - ( 385.914 - max(0, 810.897 - 543.588+385.914))
=2635.348

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

The Lottery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=420.996/( ( (104.883 + max(-558.723, 0)) + (112.027 + max(-539.934, 0)) )/ 2 )
=420.996/( ( 104.883 + 112.027 )/ 2 )
=420.996/108.455
=388.18 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.37 + 0 + 114.91) - (580.859 + 21.289 + 83.855)
=-558.723

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(52.425 + 0 + 105.249) - (593.223 + 8.904 + 95.481)
=-539.934

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

The Lottery's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=206.711/1205.98
=17.14 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


The Lottery Operating Income Related Terms


The Lottery Operating Income Historical Data

* Premium members only.

The historical data trend for The Lottery's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Lottery Operating Income Chart

The Lottery Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Income
385.38 401.88 461.42 402.93

The Lottery Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only 231.66 231.61 200.25 197.07 206.71
LTRCF
64GF Score
The Lottery Corp Ltd LTRCF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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The Lottery Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $404 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $404 Mil mean?
The Lottery (LTRCF) has a Operating Income of $404 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Lottery and its competitors.
Is The Lottery's Operating Income too high?
The Lottery's current Operating Income is $404 Mil. Overall, The Lottery has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Operating Income compare to FLUT and DKNG?
The Lottery's Operating Income of $404 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Lottery and its competitors. The Lottery's current Operating Income is $404 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
The Lottery (LTRCF) has a current Operating Income of $404 Mil. The stock's GF Value™ is $3.62, compared to a current price of $3.80 — trading 4.8% above its estimated fair value. The current Operating Income is $404 Mil. The Lottery's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For The Lottery (LTRCF), the current Operating Income is $404 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Lottery (LTRCF) Overvalued in 2026?

Based on GuruFocus' analysis, The Lottery stock appears to be overvalued. The current stock price of $3.80 is trading 4.8% above its estimated GF Value™ of $3.62.

Key valuation signals for LTRCF:

  • Operating Income: $404 Mil
  • GF Value™: $3.62 vs. price of $3.80 (4.8% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the LTRCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Lottery Business Description

Other Exchanges TLC:Australia
Address 180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
64GF Score

Get the complete analysis for LTRCF

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.80
Price
$3.62
GF Value