Quarterly Presentation
Released
Released
Announcement PDF
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 1
BetMakers Technology Group Ltd
ABN 21 164 521 395
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Q4 FY26 UPDATE
The Global Market Leader for Racing Technology Solutions
JULY 2026
www.betmakers.com
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 2
DISCLAIMER
______
The material contained in this document is a presentation of general information about the activities of BetMakers Technology Group Limited (the Company
or BET) as at the date the document is released on ASX. All monetary figures quoted within this document are in Australian dollars ($AUD) unless otherwise
specified. All quarterly figures are unaudited unless otherwise specified.
The document is not a prospectus, product disclosure statement or other offer document under Australian law or any other law. The information is provided
in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your
investment objectives, financial position or needs and does not include all information which an investor may require to assess the performance, risks,
prospects or financial position of the Company. These factors should be considered, with or without professional advice, when deciding if an investment is
appropriate. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining
from acting as a result of this material is accepted by the Company, including any of its related bodies corporate.
This update contains “forward-looking statements”. These can often be identified by the use of certain words such as “may”, “should”, ”anticipate”, “believe”,
“intend”, “estimate” and “expect”. However, any statements which are not based on historic or current facts may be forward-looking statements.
Forward-looking statements are based on assumptions regarding the Company’s financial position, business strategies, plans and objectives of management
for future operations and development and the environment in which the Company will operate; and current views, expectations and beliefs as at the date
they are expressed, and which are subject to various risks and uncertainties. The forward-looking statements contained within the update are not guarantees
or assurances of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the
Company, which may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by the
forward-looking statements. For example, the factors that are likely to affect the results of the Company include: general economic conditions in Australia
and globally; exchange rates; competition in the markets in which the Company does, and will, operate; conduct of contracted counter parties; whether and
climate conditions; and the inherent regulatory risks in the businesses of the Company. The forward-looking statements contained in this announcement
should not be taken as implying that the assumptions on which the projections have been prepared are correct or exhaustive.
The Company disclaims any responsibility for the accuracy or completeness of the information contained in this update, including any forward-looking
statement. The Company disclaims any responsibility to update or revise any information in this update, including forward-looking statements to reflect any
change in the Company’s financial condition, status or affairs or any change in the events, conditions or circumstances on which a statement is based, except
as required by law. The data projections or forecasts included in this presentation have not been audited, examined or otherwise reviewed by the
independent auditors of the Company. You must not place undue reliance on these forward-looking statements.
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 3
HIGHLIGHTS
Q4 FY26
Positive Adjusted EBITDA of 4.5M, a $2.1M increase (89%) from the
$2.4M in Q4 FY25.1 2
1
Quarterly Revenue of 24.2M, reflecting 9.4% growth vs PCP.
2
Adjusted EBITDA Margin improved to 18.5%.
3
New gaming vertical unlocked - signed commercial agreements to offer
parimutuel powered reveal games and content.
4
1 Adjusted EBITDA is a non-IFRS/non-GAAP financial measure calculated as earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted by adding back, to the extent included in EBITDA, share-based payment expenses,
restructuring and integration costs (including employee severance costs), transaction costs, inventory write-offs, asset impairments, and bad and doubtful-debt expenses. The non-IFRS financial information in this announcement has not been
audited or reviewed in accordance with Australian Auditing Standards.
2. Unless otherwise stated, all comparative information in this presentation is on a constant currency (CC) basis. Refer to ASX release for Q4 FY26 for further information in relation to FX rates used.
Commercial momentum continues progressing a pipeline and delivering
new deployments.
5
DELIVERING CONSISTENT
FINANCIAL PERFORMANCE
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 4
MARKET-LEADING COST PER BET
EFFICIENT MARGIN REALISATION
BetMakers aims to achieve superior cost efficiency by streamlining operations and
eliminating intermediaries, creating a more profitable, scalable and sustainable model
for our wagering operator partners.
Our platform seeks to deliver seamless global trading, risk management and pool
connectivity. Driving growth, great customer experience via market leading integrated
content and necessary efficiency on promotion and generosity strategies.
COMPLETE. CONNECTED.
THE WORLD’S RACING ECOSYSTEM
BetMakers operates a fully integrated racing ecosystem across Fixed Odds, Tote,
and Data. This complete model delivers the full wagering value chain and positions
BetMakers to operate in key global markets.
MISSION
OUR GOAL IS TO BECOME THE CENTRAL,
INTERCONNECTED PLATFORM FOR HORSE RACING BETTING.
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 5
OUR TECHNOLOGY STACK DRIVES OUR COMPETITIVE ADVANTAGE
HYBRID / VARIABLE
REVENUE MODEL
Success based revenue model not reliant on
“per-seat” SaaS revenue.
A CORE SYSTEM OF RECORD
WITH VERTICAL FOCUS
A resilient tech stack powering critical
infrastructure, that handles the end to end
life cycle of wagering on racing.
REGULATED & LICENSED
Licensed in key regulated markets globally.
Directly integrated with racing governing
bodies and rights holders.
ORCHESTRATION PLATFORM
A deep network of established relationships,
integrations, and bespoke data and content
specifically tailored for racing.
TECHNOLOGY DRIVEN
EFFICIENCY
Track-record of improving operator
margins through technology.
AI-POWERED INNOVATION
Years of innovation & racing specific know-how now
being accelerated by AI tools and models with
access to bespoke data and connections.
THE PLATFORM IS SCALABLE AND DESIGNED TO SUPPORT FUTURE GROWTH ACROSS THE INDUSTRY
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 6
Q4 FY26
FINANCIAL
UPDATE
______
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 7
➞ Revenue was up 9.4% vs pcp
➞ Additional new customers launched in Q4 FY26, including
Stake.com and Dafabet.com.au.
FINANCIAL UPDATE
TECHNOLOGY LED REVENUE GROWTH OF 9.4% VS PCP
➞ Gross Margin was up 1.5pts quarter on quarter
➞ Digital revenues continue to deliver high incremental gross
margin.
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 8
➞ Adjusted EBITDA of 4.5m for the quarter, improved by $2.1m vs
pcp.
➞ Technology led operating model supports ongoing optimisation
of the Company’s cost base.
FINANCIAL UPDATE
ADJUSTED EBITDA OF $4.5M FOR THE QUARTER, DRIVEN BY
REVENUE GROWTH AND COST BASE OPTIMISATION
➞ Operating expenses1
were down despite 9.4% growth in revenue
vs pcp.
➞ Operating expenses for Q4 FY26 also include LVDC operating
costs (not in the prior period). Capitalised staff costs were
$1.3m in Q4 FY25 vs $1.9m in Q4 FY26.
9.4% revenue growth
1
Defined as staff costs and overheads.
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 9
➞ Strong operating cash-flow for the quarter of $3.2m - consistent with the prior period.
➞ Unrestricted cash balance increased by $0.8m quarter on quarter to $15.6m, as a result of improving profitability and strong cash flow
generation.
➞ The Company continues to work towards consistent free-cash flow generation as the business scales. Q1 FY27 will include the annual
minimum guarantee payment for New Jersey Fixed Odds..
FINANCIAL UPDATE
CONSISTENTLY STRONG OPERATING CASH-FLOW AND CASH GENERATION
© 2026 BetMakers Technology Group Limited. Q4 FY26 | 10
OPERATING MODEL
FOCUSED TECHNOLOGY LED GROWTH STRATEGY AND OPERATIONAL DISCIPLINE
CONTINUES TO DELIVER
● Adjusted EBITDA has improved by $46m
since FY231
and continues to have an
upward trajectory.
● Q4 FY26 delivered Adjusted EBITDA of
Margin of 18.5%.
● Well positioned for FY27 as the
Company continues to execute on its
technology led growth strategy.
1
Based on comparison of FY23 to annual run-rate at Q4 FY26. The annual run-rate is calculated as Q4 FY26 multiplied by four and does not take into account seasonality, changes in FX or other factors that could impact the business on a
yearly basis. The figures for FY23, FY24 and FY25 are based on the financial results disclosed in the Company’s financial statements for those periods. Accordingly, the FX rates used for the prior years are different to the rates used for the
annualised Adjusted EBITDA figure for Q4 FY26.
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