The FY 2026 results webinar. It has been a privilege to deliver the full year results to our shareholders over the last 12 months. I want to make just one point clear at the outset, that today's session is focused on the results. We will keep to that. On the Tabcorp announcement, everything we have had to say in the announcement on August 10th has been said. The board has unanimously recommended the scheme subject to the independent experts concluding it is in the shareholders' best interests and there is no superior bid. Shareholders will receive the scheme booklet, including the expert's report, later this year, and that is the document to make a decision on. I am not going to add anything beyond that on today's announcement. Carl, do you want to flick to the key slide here? Perfect. Over the last 12 months, the company has continued to deliver against the operating turnaround that we set in place several years ago. This is most dramatically shown through the positive EBITDA, up over 200% to AUD 14.1 million over the last 12 months. In addition to that, revenue has grown at double digits on a constant currency basis. We are proud of that. The racing industry is a difficult industry, and in some parts it is experiencing contraction. Other parts, it is experiencing growth, and the company was able to deliver a solid growth in the top line. In addition to that, gross margin also improved. We put forward long-term objectives of getting to a 70% gross profit margin. We are well on track to achieve that, and you can see the incremental improvement each year as we have delivered against that over the last several years. The commercial momentum also continues to deliver at pace. The team continue to have a very full pipeline of interest, which they convert into contracts at a regular basis. It continues to be robust and healthy, and we remain very comfortable and confident that there is significant market demand for our products moving forward. Having established a very solid foundation over the last 12 months, FY 2027 looks to provide a very strong position for us to grow off this basis. We think there are several innovative products in our pipeline, which we are looking forward to bringing to market, in addition to our core products, which have continued to resonate with our customers. With that, let me hand over to Jake to walk you through the details. Thanks, Matt, and thanks to everyone who has jumped on to join the call today. Starting with our BetMakers mission, and to reiterate a few things for those not as familiar with the story. Our goal is simple, to be the central scale platform that connects horse racing betting globally. Three things sit behind that for us. The first is our market-leading cost per bet. We cut out unnecessary intermediaries so operators run a cheaper, more scalable model. Our new platforms, GTX and Apollo, are modern, lightweight, and they are built for scale. Second, it is about margin realization through global trading, risk management, pool connectivity, and optimized generosity all in one place, so our operators keep more of what they take. Thirdly, we are properly covering the full racing market offering, fixed odds tote and data, together and complete via a single partnership for our operator customers. That completeness helps become part of our competitive advantage. On to the modern BetMakers technology stack. We are not a standard per se SaaS business. Our revenue is now largely success space and success driven. We grow when our customers grow, and we are incentivized to unlock new markets and new segments for them. The technology stack is a system of record for racing wagering, end-to-end built for one vertical rather than adapted from something generic. On top of that sits the orchestration layer. This is where the integrations, the relationships, and the racing specific data that took years to build and refine sit. We are licensed to operate in all of the key regulated racing markets and are plugged directly into governing bodies, national wagering systems, and key media rights holders. The best part is AI is now accelerating all of this, and we have a stack of proprietary data within our ecosystem to feed into it. With that, I will just pass to our CFO, Carl Henschke, who will provide a deeper update on the FY 2026 finances. Thanks, everyone, for joining, and thanks to all our shareholders for their support this year. The next part of the presentation will provide an overview of our financial results for FY 2026. We will start with a look at our revenue growth for the year. As Matt said, we have been very pleased with the top-line performance throughout FY 2026, which we firmly believe continues to be driven by the positive impact our technology is having for our customers. The business has consistently delivered solid revenue growth each quarter when compared to PCP. The result for the full year is shown on the screen with statutory revenue of AUD 92.6 million, resulting in year-on-year growth of 8.8%. Given the recent volatility in currency markets, we have also started to provide constant currency comparisons. If we were to rebase the FY 2025 revenue to the same FX rates used for FY 2026, the underlying growth rate was approximately 11.2%, which is very pleasing and is in excess of the 10% long-term goal set by the company. The pie chart on the right shows our revenue split by product type, which I note is different to the divisional split that we will talk about shortly. As you can see, our tote products remain our main contributor to revenue and provide a strong recurring base of long-term contracts with important exposure to key major international wagering markets. However, our digital revenues in pink, which in this instance includes both fixed odds and tote-focused digital products, continue to grow as an important part of the overall revenue mix. Our content revenues, which are the third part of the pie in black, were approximately 15% of the overall revenue mix for FY 2026. As noted further on in the presentation, we anticipate opportunities to grow our content product suite moving forward, supported by some of the network effects from the growth in our digital customer base and our network more broadly. This next slide provides a breakdown of revenue by division. There is a slide later in the deck that Jake will talk to, which also talks about the various products that support each of these divisions. GBS, which is on the left, had a very strong year, growing approximately 25% from AUD 34.5 million -AUD 43.3 million. The key contributor to this was the growth in the digital customer base, particularly our fixed odds digital platform and turnkey products. For FY 2026, the growth in the domestic customer base was a particularly strong contributor, driven by our market-leading Apollo products. However, GBS also has an expanding set of international opportunities emerging, which we expect to drive a larger proportion of the growth in future periods. On the right is our Global Tote division. Revenues for GT were steady this year. There is an emerging near-term pipeline for this division. However, this was partially offset by some customer churn experience during FY 2026. It is worth noting that given this is substantially all international revenues, there was impact from FX throughout the year, and if we were to look at the prior corresponding period on a constant currency basis, FY 2025 GT revenues were only AUD 48.8 million, and therefore, on an underlying basis, divisional revenues were actually up by 1.1% versus PCP. We have spoken throughout the year about our trajectory towards our long-term goal of 70% gross margin. We continue to believe that the business can operate sustainably at or above these levels. In FY 2025, we saw a gross margin improvement from the replatforming of our customers onto the new technology. In FY 2026, we saw a full year of this benefit, plus an important restructuring of our PENN content agreement at the end of the first half, and the ongoing benefit of incrementally higher gross margin from our new digital customers, which we expect to continue to be a contributing factor to the improved gross margin going forward. This all leads to an adjusted gross margin for FY 2026 of 66.9%. This was 2.8 points higher than FY 2025, and as you can also see on the chart, the final quarter of FY 2026 saw an unaudited gross margin of 68.5%. This continues to give us the confidence that we can show further improvement in gross margin as we move into FY 2027. In terms of adjusted EBITDA, management and the board are very pleased to continue to see the results from our fiscal discipline translate into significant adjusted EBITDA improvement. The company, as Matt mentioned, posted a record adjusted EBITDA result for the year of AUD 14.1 million, up 205% on PCP. This was driven by a good combination of revenue growth, gross margin improvement, and also prudent cost-based management. We have reiterated numerous times recently that our technology-led business model is able to generate significant operating leverage. As we can see on the chart on the right, operating expenses were able to reduce by AUD 3.1 million, while revenue grew 8.8%, or AUD 7.5 million over the same period. A key driver of this outcome is the technology-driven efficiencies, including the synergies we obtained during the year from the acquisition of LVDC or GT Vegas, as well as various other opportunities to replace legacy overheads and workflows with efficient technology solutions. The next slide shows our operating cash flow for the year. It is worth noting that we tend to use the 4C version of operating cash flow for these comparisons. The statutory version in the financial accounts takes into account the movement in customer funds, which is really a non-operating movement and distorts the result. We had another solid improvement in operating cash flow of AUD 5 million for the year. This was up AUD 2.2 million on FY 2025, which was also a strong year, but that FY 2025 was boosted by some significant receipts in excess of revenue for the year. The trajectory from FY 2024 through to FY 2026, which is up AUD 14.7 million, provides a good indicator of operating cash flow improvement, broadly following the improvement in Adjusted EBITDA. In terms of cash, we remain well-capitalized. Unrestricted cash, which excludes customer funds, was down only AUD 2.2 million for the year, and it is worth noting that just over half of this decrease was from the acquisition of LVDC and the associated costs. We would anticipate further improvements in operating cash flow as the business scales, and we continue to work towards consistent free cash flow generation. As many of you would have heard us say previously, management considers Adjusted EBITDA to be the key indicator of our financial performance. This slide shows our progress over the last few financial years with respect to that metric. Since FY 2023, we have been able to improve Adjusted EBITDA by approximately AUD 46 million, based on the annualized Adjusted EBITDA run rate for Q4 of about AUD 18 million when compared to the FY 2023 benchmark of approximately AUD -28 million. This corresponded with a record-Adjusted EBITDA margin for that final quarter of the year of 18.2%, which was above the 15.2% for the FY 2026 financial year. We consider ourselves well-positioned to continue this trajectory into FY 2027 as the company continues to execute its focused technology-led growth strategy. A couple of last points to make just because most of this has been covered, so I will not spend too long, but a few things to mention. As noted at the half, FY 2026 includes AUD 900K of a non-recurring revenue catch-up. It is worth mentioning that this has been backed out of Adjusted EBITDA, as can be seen on the reconciliation later in the deck. Capitalized costs were AUD 7.3 million for the year, which was up slightly from last year. This reflects a larger investment in new products, and particularly in some emerging gaming and vision technology products that are being readied for international markets. Lastly, amortization in FY 2026 includes AUD 3.2 million related to the acquisition of Sportech, which as at 30 June of this year, that acquisition will now be fully amortized. That is the end of the financial section of the presentation, and I will pass back over to Jake to talk a bit more about our growth strategy moving into FY 2027. Thanks, Carl. Just to kick off, to cover quickly on the BetMakers global footprint, I think broadly speaking, we have four customer types: wagering operators, racetracks, tech and media partners, rights holders and regulators. We are working with the global leaders within our sport in both tote and fixed odds environments. The value we provide within our network effect for every new tote operator that makes the content, the data, and the pools more valuable to everybody already in the network, and the same goes for our fixed odds network. That network is expanding each quarter, new customers and new regulated markets. Some key partnerships announced just recently, like the extension of our relationship with PMU, the national tote operator of France. The BetMakers product suite, we certainly believe it is unrivaled. It is separated and structured, just the next slide, Carl, within two key segments, fixed odds in the digital side of the business, which is coined as GBS in our financial statements, covering pricing and managed trading, data and form, vision, reporting, rights partnerships, official price, on-track displays, and integrity systems. The tote business, which is the core Quantum tote hosting engine, international pooling, interface management, and our venue services. Sitting across both of those are our betting platforms, which are the enablers of our services. Apollo and GTX platforms, Racebook+, the embedded Racebook solution, our global race day control, as well as our BetLine terminal and retail solutions. The scale advantage we are seeing is where these two divisions meet, where we can now take the international tote network and push it into a growing digital operator distribution list and upgrade our tote customers with brand-new digital solutions to meet the growing needs of their own customer base. Finally, onto AI. The embedded AI culture and ways of working at BetMakers is something we are incredibly proud of, particularly through the course of FY 2026. AI is not a product line or a buzzword for us. It is becoming a pillar of how the business fundamentally runs. Internally, that is covering core technical functions such as AI-assisted web development, user journeys, automation through testing, automated translation, and platform localization. At the wagering layer, we are seeing it across predictive pricing, real-time market movement, automated decision-making. Within our content hub, it is covering enrich form and data, natural language search across the network, automated vision production, which Carl touched on earlier, as well as new betting prompts. Overall, we are heading towards an autonomous operating state through agentic support, self-healing, incident triage, and AI-assisted trading, risk, and race day ops. We are doing all of this through a combination of our proprietary in-house built AI tooling and key vendor partnerships, such as our partnership with Google, which has been pivotal in keeping the cost of AI down and the pace of our delivery of AI up. With that, I will pass back to Matt for the outlook for FY 2027, and then we will answer a few questions. Thank you. Thanks, Jake. As we look to FY 2027, the world continues to get more complex. Our customers continue to deal with new products, new product markets opening, and tightening of gaming regulations around the world. New product markets, like prediction markets, for instance, are causing some of our customers to reevaluate their existing products they bring to market, and they look for partners that not only have, A, the best quality product that their customers want, but B, real efficiencies to be able to deliver cost savings to them. BetMakers is entering into this year with not only market-leading product, but doing so in what we think is the most efficient manner possible. This is only possible on the basis of the technology rebuild the team have executed over the last couple of years. I am incredibly proud of that. I am very optimistic about the future sales growth that the company is going to experience over the next 12 months or so. In part, that is underwritten by the technology we bring to market. You will continue to see Adjusted EBITDA growth, but I also will point to not only top line but gross profit margin growth and increasing free cash flow generation, really driven by the operating leverage this company has built now into its business model. That is the formal part of the presentation. Let us hand back to Jake, and you can run questions for us. Sure. I will palm a few of these off to start and then handle a couple of the business and operation ones at the end. Perhaps with you, Matt, there is a general question which I will try and condense. From a chairman's lens, you are a little over three years into a significant transformation. What stands out most about the period of that sustained business improvement and where could it get to in the future? Yeah, look, there is a lot to be proud about here, from the team that have helped make this transformation happen, to the partners that have been with us along this journey, to the shareholders that have invested with us through that period. It is a difficult period as a small-cap company to go through such a transformation, but as Carl pointed out, we have gone from AUD -28 million in EBITDA to a positive run rate of AUD 18 million. That is a AUD 46 million EBITDA swing over a three-year period. That is quite remarkable, but that is not the only thing that I look to. The company is fundamentally healthier. We have a very diversified mix of customers. We have a diversified mix of products. We have a diversified mix of revenues. We are diversified also both domestically and internationally. All of the organs I look for in a healthy company, BetMakers is exhibiting that behavior now, and it's taken a lot of hard work, and there's a lot of risk, obviously, when you go through such a dramatic transformation. But the team have executed incredibly well, and they've built out a really, really strong position, I think, in the racing industry, both domestically and internationally. I'm proud about that. It's best reflected, I think, on Slide 12, on the Adjusted EBITDA slide, but you can look right through the business, and you'll see the signs of a really healthy company now, which is something that everyone within the BetMakers team, shareholders, and our stakeholders can be proud about having helped us achieve. Two for you, Carl. We'll wrap up together. Firstly, just breaking down the Adjusted EBITDA improvement in terms of what the key drivers were. And you touched on it before, but also how that relates to LVDC and the go-forward profitability and status of what is now called GT Vegas. No worries. Yeah, look, I guess in terms of the contribution to the improvement in Adjusted EBITDA, as Matt was just talking about, there are numerous factors. If we talk about this year specifically, it's really driven by a combination of three factors. One is that top-line revenue growth of 8.8% on a statutory basis, which is really mainly driven by the growth in digital customers, particularly as we highlighted domestically in GBS, but increasingly internationally. Also, an expansion of our content network. In terms of, then we've got the gross margin improvement, which was 2.8 points. The key driver of that moving forward will certainly be incremental margin from new customers being higher than the current gross margin, which is the phenomenon that we continue to see from the digital customer base. We did experience some benefit from the PENN restructuring in FY 2026 as well. Obviously, our approach to the cost base, which we continue to optimize the cost base as best we can, and that's principally driven by our technology and the scalability of our products not requiring a significant amount of additional investment to continue to scale in the medium to near term. In terms of LVDC, we've been providing updates along the way. We're very happy with the progress of LVDC. We've been through the, call it the first two phases of LVDC. Plan one was initial integration, which was successful, onboarding all customers, integrating the team. We're now calling it GT Vegas because it is fully integrated. I guess the second phase, after some initial synergies, of additional technology-driven synergies. We're very pleased with how GT Vegas is operating. It's now operating profitably and contributing to the overall Adjusted EBITDA of the group. We are now focused on using that base to further scale our revenues in the U.S. and to introduce some additional digital products into the Vegas ecosystem. Thank you. There are three commercial updates that I will try and cover off here. The first one is around providing some color on the Stake partnership and progression, including rollout plans. Everything is going great with the Stake partnership, launched during the World Cup or just ahead of the World Cup. It has since then been layering in additional products and services. The team at Stake are passionate about racing, passionate about supporting it. So we are working hand-in-hand with those guys in the racing bodies to ensure that the product is best positioned for all of their markets and customers. But overall, really pleased with it. Certainly a long runway of upgrades for us to do there as well, which is really exciting. The second is in regards to the PMU partnership, which was more recently announced. This is an extension of what we already do with PMU. Currently, we act as the Australian distributor for French racing into the Australian market, but also a key distributor for them into some of the larger U.K. bookmakers. That service is to be extended covering fixed odds turnkey solutions into markets that are either French racing dominant or French speaking. This could be our Racebook+ product. It could be hardware solutions, or it could simply be a managed trading API. It is basically designed to enhance the distribution of French racing into new markets, which is a good feather in the cap for our partnership with, for someone we see as a really key international pillar. The final one on MonmouthBets, in regards to, we noted around offsetting annual payment to Monmouth Park. It has made a good start, but it has certainly got a lot of work to do in that regard. The market in New Jersey is currently changing in terms of the operators within it and the dynamics of the tote market that we believe can be favorable for MonmouthBets and our Monmouth Park contract more broadly going forward. So it is something we continue to chip away at, but there is certainly a lot of work to do as it stands now to offsetting the payment fully. I think that is it for now, Matt. Perfect. All right. Thank you, everyone. We appreciate your support throughout the year, and we look forward to updating you as we progress through the journey here. Thanks for your attention today.
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