RAS Technology (RTH) investor relations material

Executive summary

• Achieved first full acquisition in Hong Kong, marking a strategic entry into Asia and expanding global reach, with successful integration and new B2C revenue streams.

• Achieved group revenue of $21.3 million, up 31% year-over-year, with strong growth across all business segments.

• Normalized EBITDA reached $2.9 million, a 53% increase from the prior year, and normalized cash flow from operations was $3.6 million.

• Reported net profit before tax for the second consecutive year, with after-tax profit of $526K (normalized $1.1 million), marking the first NPAT since IPO.

• UK and emerging markets saw significant expansion, with the UK now contributing over a third of total revenue.

Financial highlights

• Revenue reached $21.3M for FY25, up 31% year-over-year, marking the fourth consecutive year of 30%+ growth.

• Normalized EBITDA was $2.9M, a 49%–53% increase from the prior year, excluding one-off Hong Kong acquisition costs.

• ARR finished at $21.8M, up 16% year-over-year, with $1.1M from the Hong Kong acquisition.

• Cash balance ended at $5.7M, down from $8.3M, reflecting investments in growth and acquisitions.

• Gross margin averaged 81% due to lower-margin HK publications, with traditional business margin at 84%.

Outlook and guidance

• Positioned for global expansion, targeting growth in the US, UK, Europe, and emerging markets by leveraging core data and technology assets.

• Wagering360 white label ecosystem is live, with more brands launching soon, expected to be a significant growth driver.

• Focus on expanding proprietary Managed Trading Service and strengthening presence in Hong Kong.

• Incremental investments in platform and capability will continue, though major foundational work is largely complete.

• Anticipates stronger growth in Asia from H2 FY26 as new products and teams are established.