Announcement PDF BetMakers Technology Group Ltd ​ Appendix 4E ​ Preliminary final report 1. Company details Name of entity: BetMakers Technology Group Ltd ABN: 21 164 521 395 Reporting period: For the year ended 30 June 2026 Previous period: For the year ended 30 June 2025 2. Results for announcement to the market $'000 Revenues from ordinary activities up 9% to 92,600 Loss from ordinary activities after tax attributable to the owners of BetMakers Technology Group Ltd down 80% to (5,177) Loss for the year attributable to the owners of BetMakers Technology Group Ltd down 80% to (5,177) Dividends There were no dividends paid, recommended or declared during the current financial period. Comments The loss for the Group after providing for income tax amounted to $5,177,000 (30 June 2025: loss of $25,399,000). Reference is made to the 'Review of operations' in the Directors' report and Chief Executive Officer's report contained in the attached Annual Report for BetMakers Technology Group Ltd for the year ended 30 June 2026. 3. Net tangible assets Net assets Less: Intangibles Less: Right-of-use (ROU) assets Add: Lease liabilities - current Add: Lease liabilities - non-current 3,105 242 Net tangible assets Number of shares 2026 2025 Number of ordinary shares on issue 1,120,282,276 1,086,631,276 Reporting period Previous ​ period Cents Cents Net tangible assets per ordinary security 2.91 3.37 4. Control gained or lost over entities during the year The Group deregistered C.D.K Software Limited on 17 September 2025 Consolidated 2026 2025 $'000 92,752 (60,290) (4,052) 1,104 32,619 $'000 96,473 (60,044) (1,275) 1,231 36,627 BetMakers Technology Group Ltd​ Appendix 4E​ Preliminary final report 5. Audit qualification or review The financial statements have been audited and an unmodified opinion has been issued. 6. Attachments This Appendix 4E should be read in conjunction with the attached Annual Report of BetMakers Technology Group Ltd for the year ended 30 June 2026. BetMakers Technology Group Ltd ABN 21 164 521 395 Annual Report – 30 June 2026 BetMakers Technology Group Ltd​ Contents​ 30 June 2026 Chairman's Letter​ 2 CEO's Letter​ 3 Directors' report​ 4 Auditor's independence declaration​ 23 Statement of profit or loss and other comprehensive income​ 24 Statement of financial position​ 25 Statement of changes in equity​ 26 Statement of cash flows​ 27 Notes to the financial statements​ 28 Consolidated entity disclosure statement​ 63 Directors' declaration​ 64 Independent auditor's report to the members of BetMakers Technology Group Ltd​ 65 Shareholder information​ 71 Corporate directory​ 73 1 BetMakers Technology Group Ltd​ Chairman's Letter​ 30 June 2026 Dear Shareholders,​ ​ FY26 has been a year of disciplined execution and operational advancement for BetMakers. Following the successful inflection point in FY25, our focus throughout the past twelve months has shifted from business restructuring to scaling our operations and capturing the significant global opportunities before us. Execution and Financial Discipline​ ​ Having reset our cost base and business model in the prior period, FY26 was defined by our ability to leverage those efficiencies. Our financial results for FY26 reflect this progress, demonstrating a resilient operating model that is increasingly capable of converting revenue growth into strong earnings improvement. Strategic Focus​ ​ Our strategy has been centred around our technology and has been multi-dimensional:​ ● Deepening Partnerships: We welcomed a significant number of new operators to our platforms during the year, whilst we strengthened our relationships with existing operators, ensuring our services continually improve their core operations. ● International Reach: Accelerating our expansion into key jurisdictions supported by our scalable, flexible and multi-language technology architecture. ● Strategic Initiatives: Taking a disciplined approach to strategic initiatives, focusing on deliverable financial returns and projects that can clearly support our core proposition. Looking Ahead​ ​ As we look to FY27, our priorities remain clear: continue to scale our core platforms, accelerate the adoption of our technology in new and emerging markets, and maintain financial discipline. On behalf of the Board, I thank you for your continued support. I would also like to thank the BetMakers team for their unwavering focus and dedication. We enter the new financial year with momentum, purpose, and a robust foundation, and we are confident in our ability to deliver long-term value. ​ ​ ​ ​ ​ Matt Davey​ Executive Chairman 2 BetMakers Technology Group Ltd​ CEO's Letter​ 30 June 2026 Dear Shareholders,​ ​ I am pleased to present the 2026 Annual Report for BetMakers Technology Group. We have successfully pivoted our focus toward driving consistent earnings improvement and capturing global market share through our established, high-performance technology platforms. Execution and Performance​ ​ FY26 marked a pivotal shift for the business. Having fundamentally reshaped our cost base and business model in the prior year, we focused our efforts on driving operating leverage. We have successfully transitioned into a phase of consistent delivery, ensuring that our proprietary technology remains at the heart of our commercial strategy. Our efforts have been validated by the performance of our technology platforms, which are now firmly embedded in the operations of our partners globally. Key financial highlights include: ● Revenue: $92.6 million ● Gross Margin: 66% ● Adjusted EBITDA: $14.1 million ● Cash at Bank: $15.6 million unrestricted cash I am satisfied that these results demonstrate the scalability of our platforms, the strength of our partnerships, and the impact of the discipline we have instilled throughout the organisation. Technology Leadership and Innovation​ ​ Technology leadership is a key driver of our success and the financial outcomes we have delivered.​ Complementing our technology is our approach to AI-enabled ways of working and innovation. I am very proud of the capacity of our team to find innovative technology solutions that deliver our customers better products and more efficiency. This will continue to be a key focus. Growth Strategy As we begin the new year we continue with our targeted growth strategy, built around several key pillars: ●​ Product Innovation: Creating, deploying and enhancing market leading digital products for wagering operators. ●​ Global Expansion: Winning new operators and driving growth in international regulated markets where our technology delivers a clear advantage. ●​ Network Effects: Capitalising on our expanding network of wagering operators to deliver our high-value racing content to a wider audience than ever before, unlocking new revenue opportunities. People and Sustainability​ ​ Our achievements are all because of our people and their dedication to the Company. We remain committed to being an employer of choice, fostering an environment where our people can thrive. We also take seriously our responsibility to the industries we serve, this includes supporting the long-term health of the racing and wagering ecosystem, upholding integrity, and maintaining the highest levels of governance and ethics. I would like to thank our Board for their strategic guidance. I would also like to thank our people, customers and partners for the trust placed in our platform this year. Sincerely, ​ ​ ​ ​ ​ Jake Henson​ Chief Executive Officer 3 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'Group') consisting of BetMakers Technology Group Ltd (referred to hereafter as the 'Company', 'BET' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2026. Principal Activities The Group’s principal activities during the financial year were the development and provision of software, data and analytic products for the B2B wagering market and the production and distribution of racing content. Review of Operations The loss for the Group after providing for income tax amounted to $5,177,000 (2025: loss of $25,399,000). This includes a deferred tax asset movement of $1,394,000 increase (2025: $8,599,000 decrease), share-based payments expense of $1,307,000 (2025: $553,000), and impairment of assets expense of $624,000 (2025: $311,000). The non-IFRS financial information presented in this Review of Operations has not been audited in accordance with the Australian Auditing Standards. All figures are in Australian dollars unless otherwise stated. 2026 2025 Variance Variance $'000 $'000 $'000 % Revenue 92,600 85,121 7,479 8.8% Gross margin 60,663 54,548 6,115 11.2% Loss before income tax (6,692) (14,157) 7,465 (52.7%) Add: Depreciation and amortisation 15,514 15,449 65 0.4% Net finance costs 297 528 (231) (43.8%) Share-based payments expense 1,307 553 754 136.3% Impairment of receivables 624 311 313 100.6% Impairment of intangibles 262 - 262 - Deal costs 836 - 836 - Write off of inventory 1,331 1,098 233 21.2% Restructuring costs 840 1,254 (414) (33.0%) Prior period reclassifications 644 (426) 1,070 (251.2%) Non recurring revenue (900) - (900) - Adjusted EBITDA 14,063 4,610 9,453 205.1% FY2026 Operational Highlights BetMakers is a leading B2B technology company servicing the global racing and online sports betting industries. The Group is defined through two divisions; Global Betting Services and Global Tote. The Group achieved revenues for the year of $92,600,000, an increase of 8.8% compared to the prior year (2025: $85,121,000). This change was driven by: ● strong growth in digital customers; ● ongoing cost base optimisation; and ● expansion of content distribution. Consolidated​ 2026 Consolidated​ 2025 Change Change $'000 $'000 $'000 % Global Betting Services 41,925 34,458 7,467 21.7% Global Tote 50,675 50,663 12 - Total revenue 92,600 85,121 7,479 8.8% 4 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 The Global Betting Services division delivered significant strategic and commercial success in FY26, cementing its position as a leading provider of data, pricing, and technology solutions to wagering operators globally.​ ● Driving growth in digital revenues​ ​ Our focus has moved from initial integration of our Apollo products to maximising the value of our technology and scaling it internationally. The GBS division’s ability to manage increased transaction volumes with minimal incremental cost has been a key driver of the Group's improved operating leverage and margin expansion.​ ● Expanding our content network​ ​ In addition to scaling the global customer, the GBS Division remains focused on expanding its content capabilities, including through expanded product and enhanced services for our operators. The content engine will continue to benefit from the network effects of the business as the customer base scales internationally and BetMakers’ distribution capacity becomes more attractive for rightsholders.​ ● Product enhancement AI Innovation​ ​ Building on the deployment of our Apollo™ platform in FY25, our focus throughout FY26 was on the continuous optimisation and enhancement of our technology suite. We have successfully embedded advanced Artificial Intelligence and Machine Learning processes across our workflows, providing our internal teams and our partners with enhanced capabilities in a competitive market. These technological advancements have not only reinforced our competitive advantage but have also delivered significant, measurable improvements in client engagement and platform efficiency. 5 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 The Global Tote division continues to focus on reinforcing its status as a world leader in pari-mutuel technology and essential services.​ ● Accelerating GTX Adoption and Performance​ ​ Following the successful development phase, FY26 focused on the strategic rollout of our GTX digital wagering platform. We continue to actively transition clients to this cloud-native architecture, resulting in superior platform performance, enhanced scalability, and a more intuitive omni-channel experience for our partners' customers. GTX will be a driver of efficiency and growth, enabling faster product deployment and lower infrastructure costs across our portfolio. GTX presents new opportunities in digital tote wagering for our customers. ​ ● Strong recurring revenue base exposed to international markets​ ​ Notwithstanding some recent churn, the division continues to serve as a strong recurring revenue base for the Group, underpinned by high retention rates and multi-year contract renewals. By maintaining and deepening relationships with world-class racing and wagering operators, we have secured consistent, recurring revenue streams. Our operational expertise in managing complex pari-mutuel environments remains a distinct competitive advantage that keeps our partners anchored to our ecosystem. ​ ● Driving Innovation and Integration:​ ​ Throughout FY26, we have leveraged the expansive nature of our tote network to unlock new products and opportunities for our customers. By deepening the integration between Global Tote’s pari-mutuel network and the broader Global Betting Services suite, we have delivered a more cohesive, cross-platform value proposition for our partners and will continue to allow us to expand our product offering in the future. Corporate Highlights FY26 was a year of disciplined execution, marked by a pivotal shift from transformation to growth. We have leveraged our restructured cost base to drive operating leverage, deliver positive Adjusted EBITDA, and achieve significant financial, operational and commercial milestones. ● Financial Improvement: The Company achieved a significant step change in financial performance, delivering consistent growth and positive Adjusted EBITDA. This was underpinned by a disciplined focus on high-margin, technology-led revenue growth and ongoing cost optimisation.​ ● Technology Leadership & Platform Scalability: We successfully scaled our core technology platforms, with the widespread adoption of Apollo™ and the rollout of our next-generation tote platform, GTX. These platforms have proven their scalability, enabling us to manage increased transaction volumes globally while driving improved gross margins.​ ● Strategic Expansion & Partnership Momentum: We executed on key strategic priorities, including the successful integration of the Las Vegas Dissemination Company (now GT Vegas), which has strengthened our U.S. presence. Furthermore, we secured landmark commercial partnerships with global operators, validating our competitive position in the global wagering ecosystem.​ ● People & Culture: Our success during this pivotal year of growth was underpinned by the resilience and expertise of our team. By maintaining a culture of innovation, collaboration, and accountability, we successfully navigated the challenges of operational scaling while solidifying our position as an employer of choice in the global wagering technology sector. 6 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 Strategic Focus and Outlook​ BetMakers enters the new financial year in a position of strength, with a clear strategy and a robust financial foundation. Our focus now pivots from restructuring and cost management to disciplined, profitable growth.​ ​ Our outlook for FY27 and beyond is centred on four core pillars designed to leverage our market-leading technology and lean operating base to deliver sustainable shareholder returns. ● Scale Core Platforms: Continue to broaden the adoption of Apollo™, GTX and core tote modules, both domestically and internationally.​ ● Accelerate U.S. Expansion: Complete the full integration of LVDC to maximise our North American footprint.​ ● Drive Distribution: Deliver upon our broadening suite of B2B distribution into new and emerging markets.​ ● Unlock Efficiency: Continue to leverage our lean operating base to unlock further margin growth as transaction volumes scale. Principal Risks Identifying and mitigating business risks that may affect the Group’s strategy and financial performance is an essential part of the governance framework. This section outlines some of the key risks identified by the Group. They are not listed in order or importance or likelihood to materialise. Risk Area Description Impact of Operating Losses The Group has incurred operating losses in recent periods and may do so in the future. This presents several risks, including but not limited to:​ 1. Sustainability of Operations: Continued losses may impact the Group’s ability to​ sustain its operations, potentially leading to the need for additional financing or​ cost-cutting measures.​ 2. Access to Capital: Persistent losses can affect the Group’s ability to raise capital on​ favourable terms. Investors may be reluctant to provide additional funding, or the​ cost of such funding may be prohibitively high.​ 3. Market Confidence: Ongoing losses can erode market confidence in the Group’s ​ business model and management, which could also impact access to capital.​ 4. Strategic Flexibility: Financial losses may limit the Group’s ability to invest in growth​ opportunities, research and development, or other strategic initiatives that are ​ critical for long-term success. Customer Credit Risk The Group is subject to credit risk associated with its customers and in particular that customers may fail to meet their payment obligations which could adversely affect the Group’s performance and its financial position. This risk can be impacted by several factors including:​ 1. Creditworthiness of Customers: The risk that customers may default on their ​ payments due to financial difficulties, leading to bad debt expenses and impacting ​ the Group’s cash flow.​ 2. Economic Conditions: Adverse economic conditions, such as a recession, can​ increase the likelihood of customer defaults as businesses and consumers face​ financial strain.​ 3. Credit Policies: The effectiveness of the Group’s credit policies and procedures in​ assessing and managing customer credit risk.​ 4. Collection Processes: The efficiency and effectiveness of the Group’s processes for​ collecting outstanding receivables. Poor collection practices can result in delayed​ payments and increased bad debts. Deterioration in Financial Position The Group faces the risk of a deterioration in its financial position due to various factors, including but not limited to fluctuations in market conditions that can adversely impact the Group’s revenue and profitability; economic recessions or slowdowns that can reduce demand for the Group’s products or services; or inefficiencies or disruptions in operations that can lead to increased costs and reduced margins. If these risks materialise, in certain circumstances the Group may be required to raise additional equity capital to further support its business. 7 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 Risk Area Description Customer Risk The Group faces the risk of encountering challenges in attracting new customers due to several factors including but not limited to increased market competition, changing preferences of the Group’s customers, negative publicity or a decline in the reputation of the Group, economic downturns or rapid advancements in technology that may require significant investment. Licensing and Regulatory The Group operates in heavily regulated industries and jurisdictions. Accordingly, there is an exposure to a range of risks relating to compliance with, changes to, or uncertainty in, the relevant legal and regulatory regimes in those jurisdictions. Changes to laws and regulations or failure to comply may have a material adverse effect on the Group’s business, financial position and prospects, or lead to license suspension or cancellation.​ ​ The Group’s contracts with customers may require approval or consent of one or more Australian or foreign governments, gambling regulators or other regulators. There is a risk that such approval or consent may not be granted and, in such circumstances, the Group or the customer may become unable to comply with contractual obligations, potentially having a material adverse impact on financial performance. Technology and Software The Group’s business is based largely on the software, source code, technology and computer programs which comprise of its online wagering platforms. There is a risk that this technology and/or software may be superseded or displaced in the market by new technology offerings or software which customers perceive have advantages over the Group’s offerings. Furthermore, the Group’s systems can be affected by numerous factors including but not limited to data losses, computer system faults, failure of or suspension from key data feeds, data network failures, and catastrophic event such as natural disaster, computer viruses of power failure. Intellectual Property and Obligations There is a risk that failure or inability to protect intellectual property rights may have a significant adverse effect on operations, financial performance and competitive advantage. Further, there is a risk that operations, products, services or platforms may infringe the intellectual property rights of third parties. If any claim or litigation is brought against the Group which alleges an infringement on another party’s intellectual property rights, this could result in the Group being subject to significant liability for damages or losing the right to use the intellectual property. Security Software, Technology Breaches and Improper Access to Personal Data By their nature, information technology systems are susceptible to cyber-attacks with third parties seeking unauthorised access to data, networks, systems and databases. Further, third party suppliers may receive and store information from the Group or its customers and although this information is limited and subject to confidentiality obligations, if third party suppliers fail to adopt or adhere to robust security practices, any such information may be improperly accessed, used or disclosed. Reliance on Agreements with Sports and Racing Controlling Bodies The Group has in place various approvals and authorities granted by racing controlling bodies which permits the publishing and/or use of relevant race field information associated with those racing controlling bodies. There is a requirement to comply with certain terms and conditions, provisions, rules and regulations provided under the relevant State/Territory laws. Under such legislation, rules and regulations, the racing controlling bodies have the discretion to determine the types of bets the Group is permitted to take. A removal of one or more of these bet types may materially adversely affect business operations and financial position. Racing and ​ Sporting Products The Group is reliant on various state and international racing and sporting controlling bodies providing a regular program of events for the purposes of wagering. A significant reduction in the number of race meetings or sporting fixtures, or the occurrence of an event which impacts adversely on the global racing or sport industries, or which otherwise disrupts the scheduled racing or sporting program, may have an adverse effect on operational and financial performance. 8 BetMakers Technology Group Ltd​ Directors' report​ 30 June 2026 Risk Area Description Consumer Environment The Group provides wagering operators with technology and data solutions that support wagering activities. Changes in relation to consumers and social attitudes towards wagering, and the regulatory framework surrounding the product may have a direct financial impact on the Group’s customers and therefore an indirect impact on the Group’s financial performance. Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) Under the Group’s licenses, there is a requirement to comply with several obligations under applicable AML/CTF legislation, including, for example, requirements to develop and implement an AML/CTF program, conduct customer due diligence and report suspect matters and transactions to the applicable regulator. Failure to adequately monitor and mitigate against money laundering and other fraudulent activities, or failure to comply with obligations under AML/CTF legislation Act may result in civil or criminal liability for the Group. Data Feeds and Supply Chain A significant component of BetMakers' service offering relies on the ability to deliver continuous and accurate provision of real-time data. The failure or suspension of these critical data feeds, even for a short period, could have substantial adverse effects, disrupted client experience and impaired services offerings. This could result in material financial loss to BetMakers, including both loss of revenue and damages from clients as well as potential reputational damage. Variable Revenue A significant portion of BetMakers’ revenue is variable as a result of market practice in the gambling technology industry. Typically the contracts that contain variable revenue mean that BetMakers is leveraged to either the turnover or the margin generated by the product that BetMakers supplies to the customer. Whilst this can provide BetMakers exposure to upside, it also means that lower turnover can result in lower revenue for BetMakers. Accordingly, revenue may be impacted by factors outside of BetMakers control, which could mean loss of revenue for BetMakers. This may impact BetMakers financial position and also impact investor appetite for investing in BetMakers. The variable revenue also makes it more difficult for BetMakers to predict future performance and accordingly this poses additional risk for any forward looking statements made by BetMakers. Technology and Hosting Platforms BetMakers relies on a third party hosting provider to maintain continuous operation of its technology platforms, servers and hosting services and the cloud based environment in which BetMakers provides its products. There is a risk that these systems may be adversely affected by various factors such as damage, faulting or aging equipment, power surges or failures, computer viruses, or misuse by staff or contractors. Other factors such as hacking, denial of service attacks, or natural disasters may also adversely affect these systems and cause them to become unavailable. Further, if BetMakers' third party hosting provider ceased to offer its services to BetMakers and BetMakers was unable to obtain a replacement provider quickly, this could lead to disruption of service to the BetMakers website and cloud infrastructure. This could lead to a loss of revenue while BetMakers is unable to provide its services, as well as adversely affecting its reputation. This could have a material adverse effect on BetMakers' financial position and performance. AI/ML Technology Risk Increased reliance on AI and Machine Learning models for pricing and content creation introduces risks related to algorithmic bias, data privacy, and potential regulatory scrutiny over automated decision-making. International Expansion Risk Continued growth in new global markets exposes the Group to complex and diverse regulatory environments, currency exchange volatility, and geopolitical risks that may impact operational stability. Acquisition Integration Risk The Group is undertaking strategic acquisitions, such as LVDC. Integration of new businesses poses risks including operational disruption, cultural misalignment, and failure to realise projected synergies. 9 BetMakers Technology Group Ltd ​ Directors' report ​ 30 June 2026 Dividends There were no dividends paid, recommended or declared during the current or previous financial year. Significant Changes in the State of Affairs On 1 February 2026, the Company completed the acquisition of Las Vegas Dissemination Company (“LVDC”). There were no other significant changes in the state of affairs of the Group during the financial year. Matters Subsequent to the End of the Financial Year On 6 August 2026, the Company exercised its 40% Call option in Betsy Australia Pty Ltd for the consideration of $1.00. On 10 August 2026, a further 15% was acquired. On 10 August, the Company entered into a binding Scheme Implementation Deed (“SID”) with Tabcorp Holdings Limited (ASX: TAH) (“Tabcorp”), under which Tabcorp will acquire 100% of the issued shares in the Company by way of a scheme of arrangement. No other matter or circumstance has arisen since 30 June 2026 that has significantly affected, or may significantly affect the Group's operations, the results of those operations, or the Group's state of affairs in future financial years. Directors The following persons were Directors of BetMakers Technology Group Ltd during the whole of the financial year and up to the date of this report, unless otherwise stated: ​ Matt Davey President and Executive Chairman Qualifications Bachelor in Electrical/Electronic Engineering from Charles Darwin University Experience and Expertise Other Current Directorships Matt Davey possesses extensive expertise in the gaming and wagering industry within the United States. Previously, he served as the Chief Executive Officer of NYX Gaming Group, a company that was subsequently acquired by Scientific Games (NASDAQ: SGMS). During his tenure as CEO at NYX Gaming Group, Matt Davey demonstrated exceptional leadership by formulating and implementing a highly successful corporate strategy, resulting in substantial revenue growth. Furthermore, he spearheaded the acquisition of ten companies, including OpenBet, a renowned provider powering one of the largest volumes of online sports bets worldwide. This strategic move contributed signific