Announcement PDF © 2026 BetMakers Technology Group Limited. Q2 FY26 | 1 BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 FY26 UPDATE The Global Market Leader for Racing Technology Solutions JANUARY 2026 www.betmakers.com © 2026 BetMakers Technology Group Limited. Q2 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 29 January 2026. 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. Q2 FY26 | 3 HIGHLIGHTS Q2 FY26 Positive Adjusted EBITDA of 2.7M, a $3.0M turnaround from the $0.3M loss in Q2 FY251 . 1 Quarterly Revenue of 22.9M, reflecting 14.1% growth vs PCP. 2 Significant Gross Margin expansion to 66.4%, up from 61.6% in Q2 FY25, driven by the high-margin, technology-led model. 3 Renegotiation of PENN content deal expected2 to deliver ~ 1.2M of additional Adjusted EBITDA annually (primarily via a reduction in content related COGs). 4 1 Adjusted EBITDA is defined as EBITDA adjusted for shared based payment expense and other one-off expenses including restructuring costs, deal costs and employee severance costs. 2. See Slide 12 for further details. Major customer deals with CrownBet and Stake, expected to go live in H2 FY26. 4 STRONG FINANCIAL MOMENTUM WITH GROWTH CATALYSTS Financial impact from growth catalysts from H2 FY26 © 2026 BetMakers Technology Group Limited. Q2 FY26 | 4 Q2 FY26 FINANCIAL UPDATE ______ © 2026 BetMakers Technology Group Limited. Q2 FY26 | 5 ➞ Revenue was up 14.1% vs pcp ➞ No financial impact in H1 FY25 from recent wins (CrownBet/Stake). ➞ More platforms expected to launch in H2 FY26. FINANCIAL UPDATE A FOCUSED GROWTH STRATEGY AND UPGRADED TECHNOLOGY LED TO REVENUE GROWTH OF 14.1% VS PCP ➞ Gross Margin was up 4.8pts vs pcp ○ Stronger than expected content revenues modestly impacting gross margin for H1 FY26. ➞ Digital revenues continue to deliver high incremental gross margin. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 6 ➞ Adjusted EBITDA of 2.7m for the quarter, improved by $3.0m vs pcp. ➞ Operating leverage delivering significant improvements in profitability vs prior periods. FINANCIAL UPDATE ADJUSTED EBITDA OF $2.7M FOR THE QUARTER, DRIVEN BY REVENUE GROWTH AND OPERATING LEVERAGE ➞ Four consecutive quarters of positive Adjusted EBITDA. ➞ Entering the seasonally stronger half (H2). ➞ No impact from recent contract wins in Q2 FY26. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 7 ➞ Revenue was up 12% vs pcp (after normalising for a legacy customer loss in Q1 FY25). ➞ Growth from digital revenue, tote and content/vision. FINANCIAL UPDATE STRONG H1 FY26 RESULTS POSITION THE COMPANY TO BENEFIT FROM GROWTH CATALYSTS IN H2 ➞ Adjusted EBITDA was up 6.4m vs pcp and is expected to continue to show improvement in H2 FY26. ➞ Adjusted EBITDA margin for H1 FY26 was 11.7%. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 8 BUSINESS UPDATE ______ © 2026 BetMakers Technology Group Limited. Q2 FY26 | 9 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 every market worldwide. MISSION OUR GOAL IS TO BECOME THE CENTRAL, INTERCONNECTED PLATFORM FOR HORSE RACING BETTING. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 10 ➞ Commercial terms include a hybrid of fixed fees and revenue share, designed to expand recurring revenue and align BetMakers’ with the long-term success of CrownBet. ➞ CrownBet is targeting to launch in Q3 FY26, with platform activation and compliance workstreams already underway. PARTNERSHIPS CROWNBET AGREEMENT Exclusive 5-year technology and services agreement to deliver full wagering stack for development of CrownBet. 1 Supply complete end-to-end solution, including fully customised deployment of Apollo wagering platform, trading and risk services, content engine and core Apollo technology. 2 Agreement marks the most significant commercial milestone for the Apollo products and establishes a Tier-1 strategic partnership with CrownBet. 3 Entered into an exclusive 5-year agreement with CrownBet as the sole technology provider for the launch of wagering brand, CrownBet.com.au The partnership represents the most significant commercial milestone to date for the Apollo platform and further validates BetMakers’ strategy to provide a complete, vertically integrated B2B wagering solution to leading operators globally. The agreement also establishes a landmark alignment with CrownBet and its parent company, Crown Resorts - one of Australia’s most recognised entertainment and hospitality groups. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 11 ➞ The commercial terms include a mixture of fixed and variable revenue to be earned by BetMakers from the go-live date. ➞ The agreement contains customary terms and conditions for a contract of this nature, including with respect to termination. PARTNERSHIPS STAKE AGREEMENT 3-year agreement with Stake.com, including a 2-year extension option. 1 Stake will gain access to BetMakers’ full pricing and trading capability, global racing content, the BetStream racing vision player, and the Racelab suite of products - Insights, Live, Stories and Informatics. 2 BetMakers’ proprietary Global Tote Hub will enable stake.com customers to access global tote pools across a wide range of bet types. 3 Multi-year agreement with Stake to deliver its RaceOdds+ solution to drive the operator’s global horse racing expansion. The contract was awarded following a global tender and due diligence process. 4 ➞ The customer is expected to go live in H2 FY26. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 12 ➞ Revised agreement has favourable commercial terms for BetMakers, including a lower minimum annual fee (reduced to US$2.5 million, plus a US$0.2 million promotional spend on PENN racetracks). ➞ PENN will also receive a revenue share on any revenue generated above the minimum guarantee. The agreement provides BetMakers with a broader product suite to distribute going forward. ➞ Over the term of the contract, BetMakers’ Adjusted EBITDA is expected to increase by approximately A$1.2 million per annum1 , which will be primarily reflected through improved gross margin via reduction in content related COGS. PARTNERSHIPS PENN ENTERTAINMENT AGREEMENT New agreement complements services currently provided by BetMakers (Host Tote, Betline terminals and digital wagering). 1 The new three-year agreement with PENN starts from 1 January 2026, including a mutual one-year extension option, extending the successful partnership first established in 2022. 2 BetMakers will continue to be the exclusive international distributor of PENN’s racing content for fixed odds, derivative bets, and exchange wagering. 3 Signed a new 3-year agreement with PENN Entertainment for the distribution of PENN’s racing content. 1 Comparison to prior periods on a constant currency basis, using an exchange rate USD/AUD of 1.43. Assumes revenues generated over the life of the contract are in line with management’s current expectations and there is no material change to current market conditions. © 2026 BetMakers Technology Group Limited. Q2 FY26 | 13 ➞ Completion expected to occur in Q3 FY26. ➞ Integration plan fully developed. ➞ Growth initiatives underway. PARTNERSHIPS LVDC ACQUISITION Agreement signed, now progressing towards completion. TRANSACTION STATUS FINANCIAL IMPACT ➞ BetMakers has identified strong operating leverage and future opportunities to derive synergies as technology and processes are migrated to BetMakers' systems. Represents a material step forward in BetMakers’ US growth strategy and opens a new pipeline of customers. ➞ 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 1.¹ 1. 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. SELECT CUSTOMERS © 2026 BetMakers Technology Group Limited. Q2 FY26 | 14 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. PARTNERSHIPS UNLOCKING THE LAS VEGAS DIGITAL WAGERING OPPORTUNITY 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 (covering2022 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. MONETISING A-LIST PARTNERS BY SOLVING THE DIGITAL & CONTENT GAP