RAS Technology (RTH) H2 2025 earnings summary

Executive summary

• FY 2025 marked a pivotal year with the first full acquisition in Hong Kong, significant investments in core products, and expansion in the UK and emerging markets.

• Achieved group revenue of $21.3 million, up 31% year-over-year, with strong growth across all business segments and successful integration of the Hong Kong acquisition.

• Heavy investment in AI automation, workflow refinement, and tech platform rationalization improved agility and operational efficiency.

• Normalised EBITDA reached $2.9 million, a 53% increase from the prior year, and normalised cash flow from operations was $3.6 million.

• The business is positioned for strong growth in FY 2026, with a focus on global expansion and product innovation.

Financial highlights

• Revenue reached AUD 21.3 million, up 31% year-over-year, marking the fourth consecutive year of 30%+ growth.

• Normalized EBITDA was AUD 2.9 million, a 49%–53% increase from the prior year, excluding one-off acquisition costs.

• ARR finished at AUD 21.8 million, including AUD 1.1 million from the Hong Kong acquisition, representing 16% growth.

• Cash balance ended at AUD 5.7 million, down from AUD 8.3 million, reflecting heavy investment in growth and capability.

• Net profit before tax (normalized) was AUD 800,000–754,000, up from AUD 200,000; after-tax profit (normalized) was AUD 1.1 million.

Outlook and guidance

• Positioned for global expansion, targeting growth in the US, UK, Europe, and emerging markets by leveraging core data and technology assets.

• Continued growth expected in core business, especially enhanced information services and wagering technology.

• Wagering360 white label ecosystem is live, with more brands launching soon, expected to be a significant growth driver.

• Focus on expanding proprietary Managed Trading Service and strengthening presence in Hong Kong.

• Incremental investments in platform and capability will continue, though most heavy lifting was completed in FY 2025.