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Betmakers Technology Group Ltd (ASX:BET)

ALERT: Price-sensitive ASX Announcement for BET
Current share price for BET : $0.215 0.005 (2.38%)+
Announcement
Release
31 Aug 2026 8:28AM
Price at Release
$0.210
Full Release
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Summary
BetMakers Technology Group Ltd’s FY26 Results Investor Presentation outlines improved financial performance and a stronger platform for FY27, with FY26 revenue rising 8.8% year on year to $92.6 million, or 11.2% on a constant currency basis, driven mainly by digital customer growth and supported by tote and content revenues; adjusted gross margin improved to 66.9% from 64.1% despite a $1.3 million inventory write-off, while adjusted EBITDA increased 205% to $14.1 million and adjusted EBITDA margin rose to 15.2%, reflecting revenue growth, better margin mix and lower operating expenses; statutory EBITDA was $9.1 million and net loss after tax improved to $5.2 million from $25.3 million in FY25, with operating cash flow improving to $5.0 million and unrestricted cash ending lower partly due to acquisition-related costs for LVDC; strategically, the presentation positions BetMakers as a global racing technology platform spanning fixed odds, tote and data, with a scalable, regulated and AI-enabled technology stack, expanding international network, and product suite including pricing, trading, content, tote hosting, pooling and betting platforms; for FY27, the company’s priorities are further digital and content revenue growth domestically and internationally, continued cost optimisation through technology efficiencies, and further adjusted EBITDA and margin expansion, with commercial momentum and new deployments expected in 1H FY27.
Key Points
  • FY26 revenue was $92.6 million, up 8.8% year on year and 11.2% on a constant currency basis.
  • Adjusted EBITDA was $14.1 million, up 205% from FY25.
  • Adjusted EBITDA margin improved to 15.2% from 5.5% in FY25.
  • Adjusted gross margin improved to 66.9%, with Q4 FY26 gross margin reaching 68.5% and tracking toward the 70.0% long-term goal.
  • Digital customers were the main growth driver, with domestic contributions strong and international opportunities emerging.
  • Global tote revenue was steady, with constant currency growth of 1.1%, although some customer churn affected FY26.
  • Operating expenses fell to $49.4 million from $52.5 million despite revenue growth, supporting operating leverage.
  • Operating cash flow improved to $5.0 million, up from $2.8 million in FY25 and negative $9.7 million in FY24.
  • Unrestricted cash declined by $2.2 million year on year, including about $1.2 million of LVDC acquisition-related costs.
  • Statutory EBITDA was $9.1 million and net loss after tax improved to $5.2 million from $25.3 million in FY25.
  • FY26 statutory revenue included a $0.9 million non-recurring catch-up relating to finalisation of an FY25 performance obligation.
  • FY26 amortisation included $3.2 million related to the Sportech acquisition, which was fully amortised by 30 June 2026.
  • BetMakers describes its mission as becoming the central interconnected platform for horse racing betting across fixed odds, tote and data.
  • The company highlights a hybrid variable revenue model, regulated market licences, orchestration capability and AI-powered innovation as competitive advantages.
  • AI initiatives include assisted development, predictive pricing, automated decisioning, AI-enriched content, autonomous operational support and AI-assisted trading and risk management.
  • FY27 priorities are digital and content revenue growth, continued cost base optimisation and further adjusted EBITDA and margin expansion.
  • Commercial momentum continued into FY27, with new deployments expected in the first half of FY27.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.