Announcement PDF © 2026 BetMakers Technology Group Limited. 1H FY26 | 1 BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1H FY26 UPDATE The Global Market Leader for Racing Technology Solutions FEBRUARY 2026 www.betmakers.com © 2026 BetMakers Technology Group Limited. 1H 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 27 February 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. 1H FY26 | 3 HIGHLIGHTS 1H FY26 Positive Adjusted EBITDA of $6.0M, a $7.3M turnaround from the $1.3M loss in 1H FY252. 1 1H FY26 Revenue of $46.1M1, reflecting 13.8% growth vs 1H FY25 Revenue of $40.5M (after excluding legacy customer revenue3). 2 Gross margin expansion to 66.5%4, up from 59.7% in 1H FY25 - driven by the high-margin, technology-led model. 3 Significant commercial momentum from recent deals; RaceOdds+ implementation with Stake, Apollo powering CrownBet and content distribution via PENN. 4 1. Statutory revenue includes a $0.9m non-recurring catch up relating to the finalisation of FY25 performance obligations 2. 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. 3. 1H FY25 Revenue adjusted from $41.4m to $40.5m after excluding $0.9m of revenue from legacy customer. 4. COGs of $16.7m have been adjusted by $1.3m to normalise for impact of inventory write off LVDC completed in February and expected to contribute approximately $4.5m of annualised revenue and be at least Adjusted EBITDA breakeven in first year 5 TECHNOLOGY MOAT DELIVERING FINANCIAL RESULTS Strong financial outlook supported by contributions from LVDC and recent deals. Strategic opportunities arising from scalable technology and platform. 6 © 2026 BetMakers Technology Group Limited. 1H 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 every market worldwide. MISSION OUR GOAL IS TO BECOME THE CENTRAL, INTERCONNECTED PLATFORM FOR HORSE RACING BETTING. © 2026 BetMakers Technology Group Limited. 1H FY26 | 5 betmakers’ market leading platform is a mission critical operating system that is protected by various structural and technology moats. HYBRID / VARIABLE REVENUE MODEL Success based revenue model not reliant on “per-seat” SaaS revenue. A CORE SYSTEM OF RECORD WITH VERTICAL FOCUS A highly resilient tech stack powering critical infrastructure, that handles the end to end life cycle of wagering on racing. REGULATED & LICENSED Licensed in 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 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 HIGHLY SCALABLE AND DESIGNED TO SUPPORT FUTURE GROWTH ACROSS THE INDUSTRY © 2026 BetMakers Technology Group Limited. 1H FY26 | 6 GLOBAL FOOTPRINT OUR NETWORK EXTENDS ALL OVER THE WORLD, POWERING MARKET LEADERS IN BOTH TOTE AND FIXED ODDS. RACETRACKS TECHNOLOGY & MEDIA PARTNERS WAGERING OPERATORS RIGHTS HOLDERS & REGULATORS BetMakers continues to broaden its customer reach and new market penetration. OUR CLIENTS ARE THE GLOBAL LEADERS IN WAGERING AND OUR NETWORK IS EXPANDING. © 2026 BetMakers Technology Group Limited. 1H FY26 | 7 1H FY26 FINANCIAL UPDATE ______ © 2026 BetMakers Technology Group Limited. 1H FY26 | 8 ➞ Revenue1 growth reflects both increased monetisation of our existing customer base driven by an improved and expanded product set and the addition of new customers across Digital and Data. FINANCIAL UPDATE STRONG REVENUE GROWTH OF 13.8% vs PCP, DRIVEN BY TECHNOLOGY-LED GROWTH IN KEY PRODUCTS ➞ Strong growth in digital and data segment off the back of the Apollo product and new modules hitting the market. Recently signed deals with CrownBet and Stake expected to further drive this segment forward. 13.8% 1 1H FY25 revenue is reduced from $41.4 million by $0.9 million to $40.5 million after adjusting for revenue from legacy customer. 1H FY26 Statutory revenue includes a $0.9m non-recurring catch up relating to the finalisation of FY25 performance obligations © 2026 BetMakers Technology Group Limited. 1H FY26 | 9 ➞ Strong revenue growth driven by new customer contracts in Digital and Data, increased product take-up from existing customer base and greater than expected content revenue from the increased distribution of vision products. FINANCIAL UPDATE DIGITAL AND DATA DRIVING ACCELERATED GROWTH IN GBS DIVISION ➞ Steady performance from core tote hosting and managed services. A near term pipeline of new customers, however conditions challenging in some global markets. ➞ Maintained strength in AUD vs major currencies will have some impact on revenue (and costs). 4.8% 20.3% © 2026 BetMakers Technology Group Limited. 1H FY26 | 10 FINANCIAL UPDATE 1H FY26 GROSS MARGIN CONTINUED TO TREND TOWARDS OUR LONG TERM GOAL OF 70%+ ➞ Technology upgrades delivered improving gross margin from existing revenues and better incremental margins from new customers and products ➞ Restructured Penn content deal expected to help drive gross margin closer to long-term goal ➞ Decrease in cloud infrastructure costs driven by stronger technology foundations. Small incremental wins still to be derived from this segment. ➞ Continued discipline on other expenses helping drive gross margin toward long-term goal 1 Gross margin for 1H FY26 was reported as 63.7%, however this includes an inventory write off $1.3m, which when adjusted results in an underlying gross margin of 66.5% © 2026 BetMakers Technology Group Limited. 1H FY26 | 11 FINANCIAL UPDATE THE OPERATING COST BASE HAS BEEN OPTIMISED TO REFLECT THE STRATEGIC PRIORITIES OF THE BUSINESS. ➞ The restructuring program initiated in FY24 has seen material improvements to the cash operating cost base. ➞ Key focus was to leverage technology and centralised business processes to reduce redundancy costs and create operational efficiency. ➞ Underlying cost base has been optimised for future growth. Minor investment in future periods to support key growth initiatives and/or new business opportunities. ➞ Some opportunities remain for minor efficiencies via technology and overhead reductions. © 2026 BetMakers Technology Group Limited. 1H FY26 | 12 FINANCIAL UPDATE ADJUSTED EBITDA EXPANDING FROM THE COMBINATION OF GROWTH AND OPERATING LEVERAGE ➞ The transformation strategy and key growth initiatives is delivering consistent improvements in financial performance. ➞ Annualised Adjusted EBITDA1 continues to expand from strong quarterly growth and continued cost discipline ➞ Adjusted EBITDA1 improved by $7.3m vs PCP ➞ Strong start to FY26 with pipeline of contracted and recently announced deals supporting the outlook for 2H FY26 1 Adjusted EBITDA is a non-IFRS financial measure , defined as EBITDA adjusted for share based payments and other one-off items including restructuring, deal and employee severance costs, inventory write offs, foreign exchange and release of historical accrual for professional services not incurred. See appendix: ‘Statutory to Adjusted EBITDA reconciliation’ for details © 2026 BetMakers Technology Group Limited. 1H FY26 | 13 ➞ Revenue for 1H FY25 included revenue from a legacy customer of $0.9m. Adjusted revenue (after customer loss) for 1H FY25 was $40.5m. ➞ 1H FY26 Statutory revenue includes a $0.9m non-recurring catch up relating to the finalisation of FY25 performance obligation. ➞ COGs includes an inventory write off of $1.3m. After adjusting for this, Gross Margin was 66.5% (Adjusted gross profit of $30.7m). ➞ Operating expense includes $3.3m of capitalised staff costs. ➞ Depreciation includes ~$1.9m from historical terminal purchases (c$5.0m annualised). Terminal capex requirements for 12 months to 31 December 2026 expected to be <$1m. ➞ Amortisation includes $1.6m related to the acquisition of Sportech which will be fully amortised from 30 June 2026. 1 Adjusted EBITDA is a non-IFRS financial measure , defined as EBITDA adjusted for share based payments and other one-off items including restructuring, deal and employee severance costs, inventory write offs, foreign exchange and release of historical accrual for professional services not incurred. See appendix: ‘Statutory to Adjusted EBITDA reconciliation’ for details 1H FY26 vs 1H FY25 ($m) 1H26 1H25 Var ($) Var (%) Revenue 46.1 41.4 4.7 11.4% Gross Profit 29.4 24.7 4.7 19.0% Gross Margin % 63.7% 59.7% 4.0% — Operating Expense (23.4) (26.0) 2.6 10.0% Adjusted EBITDA 6.0 (1.3) 7.3 562.0% Total Adjustments (1.5) (0.8) (0.7) (87.5%) EBITDA 4.5 (2.1) 6.6 314.3% D&A / Finance Costs (7.7) (6.4) (1.3) (20.3%) Income Tax Expense (0.3) (8.6) 8.3 96.5% NLAT (3.5) (17.1) 13.7 80.1% FINANCIAL UPDATE PROFIT & LOSS © 2026 BetMakers Technology Group Limited. 1H FY26 | 14 1H FY26 GROWTH OPPORTUNITIES ______ © 2026 BetMakers Technology Group Limited. 1H FY26 | 15 ➞ 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 launched 26th February 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 is a significant strategic and commercial milestone 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. 1H FY26 | 16 ➞ 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. 1H FY26 | 17 THE OPPORTUNITY BETMAKERS’ STRATEGY 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, Monetise 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 (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 $11.7 billion that year. MONETISING A-LIST PARTNERS BY SOLVING THE DIGITAL & CONTENT GAP © 2026 BetMakers Technology Group Limited. 1H FY26 | 18 PARTNERSHIPS KEY ADJACENT VERTICALS There are significant opportunities for BetMakers to leverage its existing platform and network to generate new revenues from key adjacent industry verticals. SPORTS WAGERING ➞ Sports wagering opportunities with managed fixed odds, in- play and pool betting. IGAMING OPPORTUNITIES ➞ iGaming opportunities leveraging global platform and Tote infrastructure. LOTTERY AND KENO STYLE GAMES ➞ Lottery and keno style games for digital and venue. VIRTUALS ➞ Opportunity to enhance distribution and display of virtual products. © 2026 BetMakers Technology Group Limited. 1H FY26 | 19 OUTLOOK OUTLOOK We are focused on driving sustainable and profitable growth via: The business continues to assess a range of potential strategic opportunities that can leverage its scalable platform and support long-term growth. Major new agreements - specifically the recent launch of CrownBet as a core technology partner and the implementation of Stake.com’s global racing solution via RaceOdds+. Continued gross margin expansion toward long-term goal of 70%+, supported by revised PENN deal and incremental margin from recent major contracts. Operating leverage to drive free-cash flow as the business scales, supported by an optimised cost base and focus on operational efficiency. 03 02 01 © 2026 BetMakers Technology Group Limited. 1H FY26 | 20 1H FY26 APPENDIX ______ © 2026 BetMakers Technology Group Limited. 1H FY26 | 21 Item Amount ($M) Description Statutory EBITDA $4.5 Audited result including all recognised items. Less: Revenue adjustment ($0.9) Non-recurring timing adjustment relating to FY25 performance obligations. Less: Other adjustments ($0.4) Non-recurring timing adjustment relating to FY25 expenses Less: Impairment of receivables ($0.1) Non-cash charge recognising expected credit losses on trade or other receivables Add: Inventory Write off $1.3 Write-down of obsolete, damaged, or slow-moving inventory. Added back as a non-recurring, non-cash adjustment not reflective of ongoing trading Add: Share based payments expense $0.8 Accounting expense for equity-settled or cash-settled employee incentive plans. Added back as a non-cash remuneration item. Add: Net Foreign Exchange Loss $0.8 Net effect of all unrealised or realised foreign exchange movements arising from balance sheet revaluations. Added back to remove volatility unrelated to core operating performance. Adjusted EBITDA $6.0 Underlying operational run-rate. Additional Note: Statutory EBITDA for 1H FY26 is after capitalised costs of $3.3m, compared to the $2.8m disclosed in the Company’s unaudited quarterly statements for the same period 1H FY26 STATUTORY TO ADJUSTED EBITDA RECONCILIATION