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© 2026 BetMakers Technology Group Limited. FY26 | 1 BetMakers Technology Group Ltd ABN 21 164 521 395 |||||||||||||||||||||||||||||||||| FY26 RESULTS A Global Market Leader for Racing Technology Solutions AUGUST 2026 www.betmakers.com
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© 2026 BetMakers Technology Group Limited. 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 the date the document is released on ASX. All monetary figures quoted within this document are in Australian do llars ($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 asse ss 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 negligenc e) 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”, “sho uld”, ”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 object ives 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 upd ate are not guarantees or assurances of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyo nd the control of the Company, which may cause the actual results, performance or achievements of the Company to differ materially from those expre ssed or implied by the forward-looking statements. For example, the factors that are likely to affect the results of the Company include: general econo mic 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, includ ing 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 wh ich 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.
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© 2026 BetMakers Technology Group Limited. FY26 | 3 HIGHLIGHTS FY26 RESULTS Positive Adjusted EBITDA of $14.1M, up 205% ($4.6M PCP)1 1 Revenue of $92.6M, 8.8% growth vs PCP (11.2% CC2).2 Adjusted Gross Margin improved to 66.9% (64.1% PCP) and Adjusted EBITDA Margin improved to 15.2% (5.5% PCP).3 Commercial momentum continues - new deployments expected in 1H FY27 and opportunities to continue to expand content network.4 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 various items including, 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. CC is a reference to comparison on a constant currency basis. Refer to the FY26 results ASX release for further information in relation to the FX rates used. Established a solid foundation heading into FY27, focused on again delivering technology-led revenue growth and operating leverage.5 DRIVING GROWTH AND EFFICIENCY THROUGH TECHNOLOGY
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© 2026 BetMakers Technology Group Limited. 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 key global markets. MISSION OUR GOAL IS TO BECOME THE CENTRAL, INTERCONNECTED PLATFORM FOR HORSE RACING BETTING
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© 2026 BetMakers Technology Group Limited. FY26 | 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 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
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© 2026 BetMakers Technology Group Limited. FY26 | 6 FY26 FINANCIAL RESULTS ______
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© 2026 BetMakers Technology Group Limited. FY26 | 7 FINANCIAL RESULTS TECHNOLOGY-LED REVENUE GROWTH OF 8.8% VS PCP (11.2% CC) ➞ Revenue was up 8.8% vs pcp, 11.2% on a constant currency basis. ➞ Additional new customers launched in 2H FY26 provide a foundation for growth in FY27. ➞ Tote Products continue to provide strong recurring base of international revenues and exposure to major wagering markets. ➞ Digital contribution growing as products expand market share domestically and are deployed more broadly internationally. ➞ Opportunity for network effects from digital customer base to support growth in content revenues.
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© 2026 BetMakers Technology Group Limited. FY26 | 8 ➞ Key driver of growth - expanding digital customer base: ○ Domestic customers key contributors to FY26. ○ Expanding set of international opportunities emerging. ➞ Content distribution also contributing to growth: ○ Opportunities to expand international product suite. FINANCIAL UPDATE DIGITAL CUSTOMERS DRIVING GROWTH TRAJECTORY ➞ Steady performance across core tote hosting and managed services supported by a near term pipeline. This was partially offset by some customer churn experienced during FY26. ➞ Some impact from FX - on a constant currency basis1, Global Tote FY26 Revenue was up 1.1% vs pcp. 20.3% 1. On a constant currency basis, Global Tote FY25 revenue was $48.8m.
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© 2026 BetMakers Technology Group Limited. FY26 | 9 FINANCIAL RESULTS GROSS MARGIN CONTINUES TO IMPROVE TOWARDS LONG TERM GOAL 1 OF 70.0% ➞ Digital revenues continue to deliver strong incremental gross margin. ➞ Restructured Penn contract2 improved gross margin profile in 2H FY26. ➞ FY26 includes an adjustment for a $1.3m inventory write off. Unadjusted Gross Margin was 65.5%. ➞ Q4 FY26 Gross Margin was 68.5%, demonstrating trajectory towards long term goal of 70%. 1. For further information regarding the Company’s long-term goals, refer to ASX Announcement dated 28 August 2025. 2. Refer to ASX Announcement dated 3 December 2025.
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© 2026 BetMakers Technology Group Limited. FY26 | 10 FINANCIAL RESULTS ADJUSTED EBITDA OF $14.1M, IMPROVED BY 205% vs PCP ➞ Adjusted EBITDA of $14.1m for FY26, improved by 205% vs pcp. ➞ Adjusted EBITDA margin up from 5.5% pcp to 15.2% in FY26, driven by the combination of revenue growth (8.8% YoY), gross margin improvement (2.8 pts YoY on an adjusted basis1), and a material reduction ($3.1m) in operating expenses vs pcp. ➞ Operating expenses were down ($49.4m vs $52.5m) despite 8.8% growth in revenue vs pcp. Capitalised staff costs were $6.7m in FY25 vs $7.3m in FY26. ➞ Operating expenses for FY26 include LVDC operating costs since February 2026 (not in the prior period). 8.8% revenue growth 1. See slide 9
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© 2026 BetMakers Technology Group Limited. FY26 | 11 ➞ Strong operating cash-flow of $5.0m1, +$2.2m on the prior period and +$14.7m vs FY24. ➞ The Company continues to work towards consistent free-cash flow generation as the business scales. FINANCIAL RESULTS CONTINUED IMPROVEMENT IN OPERATING CASH-FLOW GENERATION ➞ Unrestricted cash balance decreased by $2.2m vs FY25, but this included c$1.2m of costs associated with the acquisition of LVDC. 1. Based on operating cash-flow as described in the Company’s four Appendix 4C Quarterly Reports released with respect to the 12 months to 30 June 2026. The 4C operating cash-flow includes lease payments but excludes movements in customer funds held.
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© 2026 BetMakers Technology Group Limited. FY26 | 12 FINANCIAL RESULTS OUR FOCUSED GROWTH STRATEGY AND OPERATING DISCIPLINE CONTINUES TO DELIVER ● Adjusted EBITDA has improved by $46m since FY231 and continues to have an upward trajectory. ● FY26 delivered Adjusted EBITDA Margin of 15.2% (Q4 FY26 higher at 18.2%). ● Well positioned for FY27 as the Company continues to execute on its technology-led growth strategy. 1. Based on comparison of FY23 to annual run-rate at Q4 FY26. The annual run-rate is calculated as Q4 FY26 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 FY23-FY25 are different to the rates used for FY26 and the annualised Adjusted EBITDA figure for Q4 FY26.
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© 2026 BetMakers Technology Group Limited. FY26 | 13 ➞ FY26 Statutory revenue includes a $0.9m non-recurring catch up relating to the finalisation of an FY25 performance obligation. ➞ FY26 revenue was up 11.2% vs PCP on a constant currency basis. ➞ FY26 COGS includes an inventory write off of $1.3m. After adjusting for this, Gross Margin was 66.9%. ➞ FY26 Operating Expense is after $7.3m of capitalised staff costs relating to the development of new products and features, (up from $6.7m in FY25). ➞ FY26 Amortisation includes $3.2m related to the acquisition of Sportech, which has now been fully amortised at 30 June 2026. FY26 vs FY25 ($m) FY26 FY25 Var ($) Var (%) Revenue 92.6 85.1 7.5 8.8% Gross Profit 60.7 54.5 6.2 11.4% Gross Margin % 65.5% 64.1% 1.4% — Operating Expense (49.4) (52.5) 3.1 6.0% Adjusted EBITDA 14.1 4.6 9.5 205.1% Total Adjustments (5.0) (2.8) — — EBITDA 9.1 1.8 7.3 405.6% D&A (15.5) (15.4) (0.1) (0.6%) Finance Costs/Interest (0.3) (0.5) 0.2 40.3% Income Tax benefit/(expense) 1.5 (11.2) 12.7 113.4% NLAT (5.2) (25.3) 20.3 79.9% FINANCIAL UPDATE PROFIT & LOSS
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© 2026 BetMakers Technology Group Limited. FY26 | 14 FY26 GROWTH STRATEGY ______
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© 2026 BetMakers Technology Group Limited. FY26 | 15 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.
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© 2026 BetMakers Technology Group Limited. FY26 | 16 Betting Platforms _________ Embedded Racebook _________ Race Day Control _________ Betting Terminal Software __________________ Fixed Odds Pricing & Managed Trading Services _________ Data, Form & Content _________ Racing Vision _________ Reporting & Analysis _________ Rights Partnerships _________ Official Price & Integrity ________________________________________________________________ CUSTOMERS FORM AND DATA FOR FIXED ODDS WAGERING PRODUCTS FOR FIXED ODDS AND TOTE __________________ Quantum Tote Engine _________ Tote Hosting _________ International Tote Pooling _________ Interface Management _________ Venue Services _____________________________________________________________________ CUSTOMERS TOTE ENGINE, HOSTING, POOLING AND INTERFACING A full suite of Tote and Fixed Odds products to enhance the wagering experience on racing globally. Emerging opportunities to leverage our international tote network across our expanding digital customer base
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© 2026 BetMakers Technology Group Limited. FY26 | 17 BetMakers continues to embed AI-led ways of working into its core operations, driving efficiencies and productivity AI-Driven Workflows Transforming the core of the business by embedding AI as a foundational capability. 01 Internal Tooling: AI-assisted development, automated testing, and automated localisation & translation. 02 Wagering Intelligence: Predictive pricing models, real-time market movement, and automated decisioning. 03 Content & Experiences: AI-enriched form and data, natural language search across the content network, and automated vision production. 04 Autonomous Operations: Agentic AI for operational support, self -healing incident triage, and AI-assisted trading and risk management. 05 Leveraging Partnerships - Driving AI adoption via partnerships with key vendors and select use of tools to support operational workflows.
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© 2026 BetMakers Technology Group Limited. FY26 | 18 Delivering Adjusted EBITDA growth and expansion of Adjusted EBITDA margin. Further growth in digital revenues both domestically and internationally. Expansion of distribution capabilities and growth in content revenues and partnerships. FY26 RESULTS OUTLOOK During FY27 our strategic priorities are: The business has established a solid foundation heading into FY27 and will again focus on delivering operational discipline and technology innovation and execution Ongoing cost base optimisation from technology efficiencies, driving further operating leverage. 03 02 01 Note: The forward-looking statements on this slide and in this presentation are based on the Company’s internal projections, current business plan and the environment in which the Company operates as at the date of this presentation. They include assumptions regarding the impact of the Company’s technology roadmap, recent restructuring measures as well as the impact of recent and future contract wins and customer launches. Further information regarding forward looking statements is contained on Slide 2.
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© 2026 BetMakers Technology Group Limited. FY26 | 19 Appendix ______
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© 2026 BetMakers Technology Group Limited. FY26 | 20 Item Amount ($M) Description Statutory EBITDA $9.1 Audited result including all recognised items. Less: Revenue adjustment ($0.9) Non-recurring timing adjustment relating to FY25 performance obligations. Add: Impairment of receivables $0.9 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: Deal costs $0.8 FY26 costs related to the acquisition of LVDC and Scheme of arrangement with Tabcorp. Add: Restructuring Costs $0.9 One-off restructuring costs related to entity shut downs and employee related restructuring. Add: Share based payments expense $1.3 Accounting expense for equity-settled or cash-settled employee incentive plans. Added back as a non-cash remuneration item. Add: Other Adjustments $0.7 Prior period reclassification and rounding. Adjusted EBITDA $14.1 Adjusted EBITDA Note: Statutory EBITDA for FY26 is after capitalised staff costs of $7.3m. FY26 STATUTORY TO ADJUSTED EBITDA RECONCILIATION