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Bailador Technology Investments Limited (ASX:BTI)

ALERT: Price-sensitive ASX Announcement for BTI
Current share price for BTI : $0.850 -0.2 (-19.05%)+
Announcement
Release
13 Aug 2026 8:47AM
Price at Release
$1.050
Full Release
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Summary
Bailador Technology Investments Limited reported a solid performance for FY26 with a portfolio return of 2.8% after fees and taxes. The company achieved strong cash realisations, all above carrying value, providing a 3.5x multiple on invested capital with an IRR of 23.2%. They partially realised $25m from their investment in SiteMinder, marking a significant gain. The private portfolio showed robust growth, driven by investments in companies like Updoc, SiteMinder, and DASH. Bailador maintains conservative valuations for its holdings, aiming for significant future uplift. The company continues its strong dividend policy, offering fully-franked dividends and targeting 4% of pre-tax NTA annually. Key financial movements for FY26 included $29m realised, $7.6m invested, $8.3m in dividends paid, and $13.6m in taxes and performance fees.
Key Points
  • Bailador Technology Investments Limited (BTI) reported a portfolio return of 2.8% for FY26 after all fees and taxes.
  • Cash realisations from investments were all above carrying value, delivering a 3.5x multiple on invested capital with an IRR of 23.2%.
  • BTI made a partial realisation of $25m from its investment in SiteMinder, which was 63% above the June 2025 share price.
  • The private investment portfolio showed strong growth with a reported 32% revenue growth and 82% recurring revenue.
  • Key investments include Updoc, SiteMinder, and DASH, with Updoc increasing its valuation by 20.5% in December 2025.
  • Bailador holds its private investments at conservative valuations, with significant potential for valuation uplift.
  • The company maintains a strong dividend policy, with fully-franked dividends paid half-yearly, targeting 4% of pre-tax NTA per annum.
  • For FY26, Bailador realized $29m, invested $7.6m, paid $8.3m in dividends, and $13.6m in taxes and performance fees.
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.