Announcement PDF © 2026 BetMakers Technology Group Limited. Q1 FY27 | 1 BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q1 FY27 UPDATE The Global Market Leader for Racing Technology Solutions OCTOBER 2026 www.betmakers.com © 2026 BetMakers Technology Group Limited. Q1 FY27 | 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; weather 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. Q1 FY27 | 3 HIGHLIGHTS Q1 FY27 FURTHER BENEFITS FROM OPERATING LEVERAGE Positive Adjusted EBITDA of $5.9m, a $3.8m increase (176%) from the $2.1m in Q1 FY26 (CC).1 2 Quarterly Revenue of $24.7m, reflecting 16.3% growth (CC) vs PCP. Positive operating cash flow of $2.8m for the quarter, up $4.0m (CC) vs PCP. Adjusted EBITDA Margin improved to 23.8% from 10.0% in Q1 FY26 (CC). Technology-led model driving growth and operating leverage. 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 Q1 FY27 for further information in relation to FX rates used. Company executing against long term goals with consistent improvement in financial performance. © 2026 BetMakers Technology Group Limited. Q1 FY27 | 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. Q1 FY27 | 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. Q1 FY27 | 6 Q1 FY27 FINANCIAL UPDATE ______ © 2026 BetMakers Technology Group Limited. Q1 FY27 | 7 ➞ Revenue was up 16.3% vs pcp ➞ Key driver was growth from digital customer base: ○ Strong commercial momentum for Apollo ○ A technology roadmap for further enhancements FINANCIAL UPDATE TECHNOLOGY LED REVENUE GROWTH OF 16.3% VS PCP ➞ Gross Margin was up 5.2pts vs pcp ➞ Digital revenues continue to deliver incremental gross margin. ➞ Global Tote contributing with cloud and cost efficiencies. Quarterly Revenue ($m) (CC) Q1 FY26 Q1 FY27 $25m $21.2m $24.7m $0m Gross Margin (%) (CC) Q1 FY26 Q1 FY27 70% 63.9% 69.1% 0% - - - Long-term goal: 70% © 2026 BetMakers Technology Group Limited. Q1 FY27 | 8 ➞ Adjusted EBITDA of $5.9m for the quarter, improved by $3.8m vs pcp. ➞ Realising benefits of operating leverage and efficiency gains from the technology led operating model. ➞ +$3.5m in revenue vs pcp delivered a $3.8m uplift in Adjusted EBITDA. FINANCIAL UPDATE ADJUSTED EBITDA OF $5.9M FOR THE QUARTER, REFLECTING THE COMBINATION OF STRONG GROWTH AND COST DISCIPLINE ➞ Operating expenses1 were down despite 16.3% growth in revenue vs pcp. ➞ Operating expenses for Q1 FY27 also include LVDC operating costs (not in the prior period). Capitalised staff costs were $1.4m in Q1 FY26 vs $2.0m in Q1 FY27. 1. Defined as staff costs and overheads. Quarterly Adjusted EBITDA ($m) (CC) Q1 FY26 Q1 FY27 $6m $2.1m $5.9m $0m Revenue (CC) vs Operating Expenses (CC) ($m) Q1 FY26 Q1 FY27 $25m $5m $11.4m $21.2m $11.2m $24.7m Operating Expenses (RHS) Revenue (LHS) © 2026 BetMakers Technology Group Limited. Q1 FY27 | 9 ➞ Positive operating cash flow of $2.8m, after the yearly true-up payment to Monmouth Park pursuant to the minimum guarantee ($US2.0m outflow in the quarter). ➞ Unrestricted cash ($16.0m) was up $0.4m quarter on quarter, despite the large annual payment to Monmouth. ➞ The Company continues to work towards consistent free-cash flow generation as the business scales. FINANCIAL UPDATE OPERATING CASH-FLOW FOLLOWS STEP CHANGE IN PROFITABILITY Operating Cash-Flow ($m) (CC) Q1 FY26 Q1 FY27 $3m -$1.2m $2.8m $0m -$3m Cash Balance ($m) Q1 FY26 Q1 FY27 $20m $15.6m $16.0m $0m © 2026 BetMakers Technology Group Limited. Q1 FY27 | 10 1. Based on a comparison of FY23 to annual run-rate at Q1 FY27. The annual run-rate is calculated as Q1 FY27 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, FY25 and FY26 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 Q1 FY27. All figures are rounded to the nearest $0.1m. OPERATING MODEL OUR OPERATING MODEL IS DELIVERING CONSISTENT IMPROVEMENT IN PROFITABILITY ➞ Adjusted EBITDA has improved by ~$51m since FY23. ➞ Consistent margin expansion - Q1 FY27 delivered an Adjusted EBITDA margin of 23.8%. ➞ Well positioned for FY27 as the Company continues to execute on its technology led growth strategy. Adjusted EBITDA ($m) and Margin (%) 1 FY23 Q1 FY27 (Annualised) 30% -$27.8m $23.5m 0% -30% -$7.2m $4.6m $14.1m FY24 FY25 FY26 - - - Adjusted EBITDA Margin (%) © 2026 BetMakers Technology Group Limited. Q1 FY27 | 11 LONG TERM GOALS LONG-TERM GOALS – PROGRESS SINCE FY26 1. Revenue growth figures are as reported in the relevant quarterly reports (Q1 FY26 was 7.7% normalised for a legacy customer). Q4 FY26 and Q1 FY27 are on a constant currency basis. 2. Gross Margin figures are as reported in the relevant quarterly reports. Q1 FY26 gross margins are the CC-restated PCP figures used in this presentation (as reported: gross margin 64.7%). Q4 FY26 gross margin includes $0.3m of prior-quarter COGS (69.8% excluding it). 3. Adjusted EBITDA is a non-IFRS measure; all figures are unaudited. Adjusted EBITDA margin figures are as reported in the relevant quarterly reports. Q1 FY26 Adjusted EBITDA margins are the CC-restated PCP figures used in this presentation (as reported: Adjusted EBITDA margin 11.0%). Revenue growth vs PCP (%)1 Gross Margin (%)2 Adj. EBITDA Margin (%)2,3 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 0% 60% 70% 0% 25% - - - Long-term goal: 10%+ p.a. - - - Long-term goal: 70%+ - - - Long-term goal: 25%+ 3.4% 14.1% 12.6% 9.4% 10% 16.3% 63.9% 66.4% 67.0% 68.5% 69.1% 10.0% 11.8% 14.7% 18.5% 23.8%