Announcement PDF INVESTOR PRESENTATION | 1 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q1 FY26 UPDATE OCTOBER 2025 The Global Market Leader for Racing Technology Solutions INVESTOR PRESENTATION | 2 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. 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 28 October 2025. 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. INVESTOR PRESENTATION | 3 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. 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. Our goal is to become the central, interconnected platform for horse racing betting. 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 every market worldwide. INVESTOR PRESENTATION | 4 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. INVESTOR PRESENTATION | 4 Positive Adjusted EBITDA of $2.4M, a $3.4M positive turnaround from the $0.9M loss in Q1 FY251 . 1 Quarterly Revenue of $22.1M, reflecting 7.7% growth vs pcp (excluding a legacy customer in Q1 FY25). 2 Significant Gross Margin expansion to 64.7%, up from 57.8% in Q1 FY25, driven by the high-margin, technology-led model. 3 Continued Cost Discipline with total operating expenses reduced by $1.4M (10.8%) compared to Q1 FY25. 4 STRONG START TO FY26 Transformation Delivers Sustainable Profitability: ______ BetMakers continues to focus on organic and strategic initiatives that can accelerate its growth and leverage its market leading products and technology. 1 The Q1 FY25 Quarterly Activities report released by BetMakers on 24 October 2024 disclosed a $1.2million loss, this has been adjusted for one-off restructuring costs that were not adjusted at the time. INVESTOR PRESENTATION | 5 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. Q1 FY26 FINANCIAL UPDATE ______ INVESTOR PRESENTATION | 6 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. ➞ Revenue was up 7.7% vs pcp (after normalising for a legacy customer loss in Q1 FY25). ➞ Customer pipeline remains strong. TRANSFORMATION DELIVERS Key Financial Metrics Show Strong Start to FY26 ➞ Gross Margin was up 6.9pts vs pcp and is expected to continue to show improvement throughout FY26. ➞ Further opportunities to improve gross margin on existing revenues, including via managing content costs. 1 1. Q1 FY25 revenue excludes revenue from a legacy customer of $0.84 million. INVESTOR PRESENTATION | 7 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. BetMakers’ transformation strategy continues to deliver improved financial performance driven by improving growth and operating leverage. Adjusted EBITDA of $2.4m for the quarter, improved by $3.4m vs pcp. Operating cash-flow improved to a $1.2m loss for the quarter, but was heavily impacted by a $3.0m payment for New Jersey Fixed Odds (NJFO). Excluding this annual payment, operating cash-flow for the quarter was $1.8m. INVESTOR PRESENTATION | 8 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. TECHNOLOGY UPDATE ______ INVESTOR PRESENTATION | 9 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. BetMakers’ products are setting new standards for live form, informatics and user experience. RACELAB INSIGHTS | | | | | | | | Delivers at-a-glance insights into a runner’s recent performance. NEW INVESTOR PRESENTATION | 10 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. RACELAB LIVE | | | | | | | | Form, evolved. Real-time and when you need it. NEW INVESTOR PRESENTATION | 11 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. RACELAB LIVE STORIES | | | | | | | | Short stories. Big insights. New racing audiences. NEW INVESTOR PRESENTATION | 12 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. BetMakers is now leveraging its enhanced platform to accelerate innovation through the use of artificial intelligence and machine learning tools. Harness Expertise Accelerate Growth 4 3 1 Enhance Platform Continuous Learning 2 DEPLOY ADOPT EVOLVE DISCOVER AI driven workflows in use ● Probability and pricing predictions ● Predictive risk and customer modelling ● Agentic AI for Operations ● AI powered development & test automation ● Generative digital asset creation Transforming the core of the business by embedding AI as a foundational capability. AI & MACHINE LEARNING TOOLS INVESTOR PRESENTATION | 13 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. STRATEGIC UPDATE ______ INVESTOR PRESENTATION | 14 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. 1. Refer to ASX Announcement lodged with ASX on 4 June 2025. See Slide 21 of the Investor Presentation lodged with ASX on 4 June 2025 for a summary of the material terms of the Heads of Agreement. The binding Heads of Agreement requires the parties to execute a long form purchase agreement and obtain regulatory approvals and third party consents as conditions precedent to completion of the acquisition. There is no guarantee that this acquisition will be completed on the agreed terms. 2. Based on LVDC’s historical financial performance and assuming existing contracts are novated to BetMakers and consistent revenue is derived from these contracts, the total revenue acquired by BetMakers may vary and will be subject to due diligence and dependent on whether all current customer contracts are assumed by BetMakers. STRATEGIC UPDATE LVDC Acquisition on Track Status Update Financial Update LVDC acquisition1 continues to progress well, with final administrative aspects of the sale and purchase underway. Long-form sale and purchase agreement expected to be signed in Q2 FY26. BetMakers has identified strong operating leverage and future opportunities to derive synergies as technology and processes are migrated to BetMakers' systems. Discussions with regulators and key stakeholders are "well progressed," supporting an expected transaction completion in mid-FY26. Updated revenue contribution now expected to be approximately $4.5M per annum (prior to the impact of any future growth opportunities). The business is still expected to be at least Adjusted EBITDA break-even in Year 1.2 Select Customers INVESTOR PRESENTATION | 15 © 2025 BetMakers Technology Group Limited. Confidential & proprietary. Unlocking the Las Vegas Digital Wagering Opportunity The Opportunity The BetMakers Solution (The "Play") The Digital Void Nevada’s racing market is <5% digital. US average is >50%1 . A large, untapped gap. Launch GTX Digital Platform Deploy white-label apps & embedded wallet solutions. Status: Ready for state regulatory testing. Outdated Product Suite Customers lack modern bet-types and engaging data. Inject Modern Features Integrate Racelab & Punting Form data, prompts & insights. Status: Ready for both digital & retail terminal rollout. Prime-Time Content Gap No 24/7 content. The key 7pm-2am Vegas window is a "dead-zone." Deliver Global 24/7 Racing Fill the void with high-demand Australasian racing. Status: Building new economic models with operators. A-List Customer Access Integrations with Caesars, MGM, Wynn, Boyd & more. Upgrade, Cross-Sell, Monetize Service existing retail, cross-sell high-margin digital. Status: Commercial talks "in flight" for CY2026. Monetising A-List Partners by Solving the Digital & Content Gap 1 BetMakers estimates parimutuel wagering turnover in Nevada to be less than 5% digital based on available market data and independent research. According to the 2023 Jockey Club Fact Book (covering 2022 data), digital turnover represented approximately 54% of the total on-track and off-track pari-mutuel handle for Thoroughbred racing in North America, which totaled $11.7 billion that year.