RAS Technology Holdings Ltd (ASX:RTH)

Half Year 2026 Ras Technology Holdings Ltd Earnings Call Transcript

Feb 25, 2026 / 11:30 PM GMT

Release Date Price: A$0.75

Transcript

Key Points

Positve

RAS Technology Holdings Ltd (ASX:RTH) reported a 38% increase in revenue for the first half of FY26, reaching $13.9 million.
The company achieved a 34% growth in Annual Recurring Revenue (ARR), reaching $24.6 million.
The acquisition in Hong Kong contributed significantly to revenue growth and provided a strong base for expansion in Asia.
The LeoVegas deal is expected to be a significant revenue driver, potentially matching or exceeding the impact of the previous Stake deal.
The company has launched new products like BetBridge, which is expected to accelerate growth by offering a turnkey solution for racing products.

Negative

Cash reserves decreased to $4.4 million, reflecting significant investments in growth areas.
Normalized EBITDA remained stable, indicating that profit growth has not kept pace with revenue growth.
The company experienced a slight decline in normalized net profit before tax due to substantial investments.
There is a noted seasonality in the Asian business, particularly with the Hong Kong racing off-season affecting first-half results.
The company faces ongoing challenges in managing costs and achieving operating leverage amidst continued investments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RTH.AX - Ras Technology Holdings Ltd
Half Year 2026 Ras Technology Holdings Ltd Earnings Call
Feb 25, 2026 / 11:30PM GMT

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Conference Call Participants
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* Stephen Crispe
Ras Technology Holdings Ltd - Chief Executive Officer, Managing Director, Director
* Tim Olive
Ras Technology Holdings Ltd - Chief Financial Officer

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Presentation
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Unidentified Company Representative [1]
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Good morning, and welcome to Racing and Sports Investor Webinar to discuss the company's first half FY26 results. On today's webinar, from the company, we have Managing Director and CEO, Stephen Crispe; CFO, Tim Olive; and Strategic Communications Manager, Eliza Yaxley. (Event Instructions) I'll now hand it over to Stephen.

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