Slide 1: Q2 FY26 Update
BetMakers Technology Group Ltd ABN 21 164 521 395 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 FY26 UPDATE The Global Market Leader for Racing Technology Solutions JANUARY 2026 www.betmakers.com © 2026 BetMakers Technology Group Limited. Q2 FY26 | 1
Slide 2: Disclaimer
DISCLAIMER ______ The material contained in this document is a presentation of general information about the activities of BetMakers Technology Group Limited (the Company or BET) as at 29 January 2026. All monetary figures quoted within this document are in Australian dollars ($AUD) unless otherwise
Slide 3: Q2 FY26 Highlights: Strong Financial Momentum with Growth Catalysts
HIGHLIGHTS Q2 FY26 STRONG FINANCIAL MOMENTUM WITH GROWTH CATALYSTS Positive Adjusted EBITDA of 2.7M, a $3.0M turnaround from the $0.3M 1 loss in Q2 FY251. 2 Quarterly Revenue of 22.9M, reflecting 14.1% growth vs PCP. Significant Gross Margin expansion to 66.4%, up from 61.6% 3 in Q2 FY25, driven by
Slide 4: Q2 FY26 Financial Update
Q2 FY26 FINANCIAL UPDATE ______ © 2026 BetMakers Technology Group Limited. Q2 FY26 | 4
Slide 5: Focused growth strategy and upgraded technology led to revenue growth of 14.1% vs pcp
FINANCIAL UPDATE A FOCUSED GROWTH STRATEGY AND UPGRADED TECHNOLOGY LED TO REVENUE GROWTH OF 14.1% VS PCP ➞ Gross Margin was up 4.8pts vs pcp ➞ Revenue was up 14.1% vs pcp ○ Stronger than expected content revenues modestly impacting ➞ No financial impact in H1 FY25 from recent wins gross margin for H
Slide 6: Adjusted EBITDA of $2.7M for the quarter
FINANCIAL UPDATE ADJUSTED EBITDA OF $2.7M FOR THE QUARTER, DRIVEN BY REVENUE GROWTH AND OPERATING LEVERAGE ➞ Adjusted EBITDA of 2.7m for the quarter, improved by $3.0m vs ➞ Four consecutive quarters of positive Adjusted EBITDA. pcp. ➞ Entering the seasonally stronger half (H2). ➞ Operating leverage
Slide 7: Strong H1 FY26 results position company for H2 growth catalysts
FINANCIAL UPDATE STRONG H1 FY26 RESULTS POSITION THE COMPANY TO BENEFIT FROM GROWTH CATALYSTS IN H2 ➞ Revenue was up 12% vs pcp ➞ Adjusted EBITDA was up 6.4m vs pcp and is expected to (after normalising for a legacy customer loss in Q1 FY25). continue to show improvement in H2 FY26. ➞ Growth from di
Slide 8: Business Update
BUSINESS UPDATE ______ © 2026 BetMakers Technology Group Limited. Q2 FY26 | 8
Slide 9: Our goal is to become the central, interconnected platform for horse racing betting
MISSION OUR GOAL IS TO BECOME THE CENTRAL, INTERCONNECTED PLATFORM FOR HORSE RACING BETTING. MARKET-LEADING COST PER BET BetMakers aims to achieve superior cost efficiency by streamlining operations and eliminating intermediaries, creating a more profitable, scalable and sustainable model for our wa
Slide 10: CrownBet Agreement
PARTNERSHIPS CROWNBET AGREEMENT Entered into an exclusive 5-year agreement with CrownBet as the sole technology provider for the launch of wagering brand, CrownBet.com.au ➞ Commercial terms include a hybrid of fixed fees and revenue share, designed to expand recurring revenue and align Exclusive 5-y
Slide 11: Stake Agreement
PARTNERSHIPS STAKE AGREEMENT Multi-year agreement with Stake to deliver its RaceOdds+ solution to drive the operator’s global horse racing expansion. Stake will gain access to BetMakers’ full pricing and trading capability, 3-year agreement with Stake.com, including a 2-year 1 2 global racing conten
Slide 12: PENN Entertainment Agreement
PARTNERSHIPS PENN ENTERTAINMENT AGREEMENT Signed a new 3-year agreement with PENN Entertainment for the distribution of PENN’s racing content. ➞ Revised agreement has favourable commercial terms for BetMakers, including a lower minimum annual fee (reduced to New agreement complements services curren
Slide 13: LVDC Acquisition
PARTNERSHIPS LVDC ACQUISITION Agreement signed, now progressing towards completion. TRANSACTION STATUS FINANCIAL IMPACT ➞ Completion expected to occur in Q3 FY26. ➞ BetMakers has identified strong operating leverage and future opportunities to derive synergies as technology and processes are migrated
Slide 14: Unlocking the Las Vegas Digital Wagering Opportunity
PARTNERSHIPS UNLOCKING THE LAS VEGAS DIGITAL WAGERING OPPORTUNITY THE OPPORTUNITY THE BETMAKERS SOLUTION (THE “PLAY”) The Digital Void Launch GTX Digital Platform Status: Nevada’s racing market is <5% digital. US average is >50%¹. Deploy white-label apps & embedded wallet solutions. Ready for state