Betmakers Technology Group
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Betmakers Technology Group (BET) investor relations material

Betmakers Technology Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary1 Mar, 2026

Executive summary

  • Achieved a turnaround with H1 FY26 adjusted EBITDA of $6.1M, reversing a prior $1.3M loss, driven by technology-led growth, operational efficiencies, and major new agreements with CrownBet and Stake.

  • Revenue grew to $46.1M (up 13.8% year-over-year), supported by both existing and new customers, new product launches, and scalable technology.

  • Gross margin expanded to 66.5% (adjusted), reflecting improved technology, product mix, and cost control.

  • Closed the acquisition of LVDC, establishing a major North American hub and unlocking new U.S. market opportunities.

  • Net loss after tax narrowed to $3.4M from $17.2M year-over-year, with improved EPS.

Financial highlights

  • Revenue increased from $40.5M to $46.1M year-over-year for H1, including $0.9M non-recurring catch-up.

  • Gross profit rose 19% to $29.4M, with gross margin at 66.5% (adjusted).

  • Operating expenses reduced to $23.4M from $26.0M, reflecting cost optimisation.

  • Operating cash flow turned positive at $4.2M, compared to an outflow of $3.2M in the prior period.

  • Net loss after tax (NLAT): $(3.5)M, a significant improvement from $(17.1)M in H1 FY25.

Outlook and guidance

  • Focus remains on double-digit top-line growth, gross margin expansion toward 70%+, and disciplined cost control for H2.

  • Key contract deployments (Stake, CrownBet) scheduled for 2H FY26.

  • Continued investment in technology and AI expected to further lower costs and improve product delivery.

  • Emphasis on converting Adjusted EBITDA into consistent free cash flow and maintaining a debt-free balance sheet.

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Frequently asked questions

Betmakers Technology Group Ltd is a technology company that provides data and software solutions for the global racing and betting industry. The company offers products and services including race data distribution, fixed odds wagering platforms, and trading and risk management tools. Its clients include wagering operators, racing bodies, and bookmakers, with solutions designed to support racing integrity, betting operations, and market expansion. Betmakers Technology Group Ltd operates across various international markets. The company is headquartered in Sydney, Australia, and its shares are listed on the ASX.

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