Betr Entertainment Limited · ASX:BBT
Betr Entertainment — Investor Presentation (February 2026)
15 slides from Betr Entertainment's investor presentation, Feb 26, 2026
Slide 1: H1 FY26 Results & Investor Presentation
H1 FY26 Results & Investor Presentation 26 February 2026
Slide 2: Important Notice & Disclaimer
IMPORTANCE NOTICE & DISCLAIMER Acceptance Not financial product advice or offer Although betr believes these non-IFRS financial measures results, performance or achievements expressed or This presentation has been prepared by betr Entertainment This presentation is for information purposes only and
Slide 3: H1 Overview
H1 OVERVIEW ONGOING MARKET H1 IMPACTED BY POSITIVE INORGANIC SHARE GAINS ONE-OFFS EARNINGS TARGET GROWTH RUNWAY Headline H1 turnover Customer friendly results Targeting H2 FY26 EBITDA1 Company well positioned growth of 25% while across peak wagering of $5m-$8m. Increased to capitalise on market unde
Slide 4: Key Trading Metrics – H1 FY26
KEY TRADING METRICS – H1 FY26 H1 FY26 H1 FY25 Change OUTPACING MARKET TURNOVER GROWTH1 Turnover $807.3m $645.1m 25.2% +25% Gross Win Margin % 13.4% 14.2% -0.8pp Overall (incl. TopSport) Gross Win $108.3m $91.3m 18.6% ~4x +13% Net Win Margin % 9.4% 10.4% -1.0pp Underlying Net Win $75.8m $67.4m 12.5%
Slide 5: EBITDA Variance to Management Expectation
EBITDA VARIANCE TO MANAGEMENT EXPECTATION Industry wide, customer-friendly racing results a significant driver of $13.2m H1 EBITDA1 loss, together with one-off strategic investments in brand launch and high-quality marketing assets to drive organic growth and payback from H2 FY26 One-off Growth Inve
Slide 6: Financial Outlook
FINANCIAL OUTLOOK NORMALISED EBITDA TARGETS 1 KEY DRIVERS Assumes historical Net Win margins (above 10%) and no material regulatory, Ongoing share gains taxation or cost of sales changes. 1 from growth in the base business Normalisation of marketing 2 and product investment post-H1 FY26 H2 FY26 $5m–
Slide 7: Detailed Financials
DETAILED FINANCIALS 6
Slide 8: Normalised Group Results Summary
NORMALISED GROUP RESULTS SUMMARY CONTINUING OPERATIONS Net Revenue H1 FY26 H1 FY25 Turnover in H1-26 increased 25.2% over the PCP, with Gross Revenue A$m A$m up 18.6%. Gross Win % and Net Win % were challenged by industry wide, Turnover (gross of GST) 807.3 645.1 customer friendly racing and sports
Slide 9: Balance Sheet
31 DEC 25 30 JUN 25 BALANCE SHEET Assets Current Assets A$m A$m Cash & cash equivalents 40.8 104.9 Trade & other receivables 1.5 1.3 Other assets 2.8 2.3 Total current assets 45.1 108.5 Non-current assets Investments 87.7 78.2 Property, plant and equipment 1.2 1.1 Right-of-use assets 5.0 5.2 Intangi
Slide 10: Summary of Cash Flows
SUMMARY OF $000's H1 FY26 H1 FY25 CASH FLOWS Cash flows from operating activities $m $m Receipts from customers (Client deposits) 283.7 217.6 Payments to customers (Client withdrawals) -209.3 -159.0 Payments to suppliers and employees (inclusive of GST) -92.3 -72.1 Interest received 1.2 0.1 Interest
Slide 11: Looking Ahead
LOOKING AHEAD Well positioned to leverage the growth in our core business as we pursue transformative M&A to create real and meaningful value for shareholders STRATEGIC AI AND DATA TO INNOVATE AND EXECUTE M&A FUNDING DELIVERY IMPROVE MARGINS DIFFERENTIATE STRATEGY FLEXIBILITY Leverage H1 investment
Slide 12: Appendix
APPENDIX 11
Slide 13: Statutory Income Statement – Group
STATUTORY 31 DEC 25 A$m 31 DEC 24 A$m INCOME Revenue Cost of Sales 68.9 -43.2 61.5 -33.7 STATEMENT – Gross Profit Other Income 25.7 0.2 27.8 0.4 GROUP Advertising and marketing expense Employee benefits expense -23.4 -15.1 -10.2 -13.8 Licencing, platform and subscriptions -2.7 -2.5 IT expense -3.3 -
Slide 14: Statutory P&L Reconciliation
STATUTORY P&L RECONCILIATION ALL AMOUNTS IN A$M H1 FY26 H1 FY26 Normalised Adjustments Statutory Revenue 68.9 - 68.9 Cost of Sales -43.0 -0.2 -43.2 Gross Profit 25.9 -0.2 25.7 Other Income 0.2 0.2 Advertising & Marketing expense -17.1 -6.2 -23.4 Employee benefits expense -13.3 -1.8 -15.1 Licensing,
Slide 15: B betr
B betr
Betr Entertainment — Investor Presentation (February 2026) on 6ix