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Pollard Banknote TSE: PBL reported higher revenue, gross profit and adjusted EBITDA for the second quarter of 2026, as stronger instant-ticket volumes, expanding digital operations and charitable gaming growth more than offset lower income from its iLottery joint venture.

Pollard Banknote faced a challenging Q1 FY 2026, with revenue down 3% and EPS collapsing to $0.11, driven by a poor Instants sales mix. Management attributes the weak quarter to temporary order timing and mix issues, expecting Q2 adjusted EBITDA to exceed last year's comparable period. Buybacks authorized for ~10% of the float yield a modest 3.7% annually; combined with dividends, total shareholder yield approaches…