Betr Entertainment Limited · ASX:BBT
Betr Entertainment — FY2025 Earnings Presentation
15 slides from Betr Entertainment's earnings presentation, Aug 28, 2025
Slide 1: FY25 Results Investor Presentation
FY25 RESULTS Investor Presentation COMMERCIAL IN CONFIDENCE 28 August 2025
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Acceptance accounting for any person’s individual objectives, financial or tax situation as to) future betr performance. Nothing contained in this presentation, nor This presentation has been prepared by betr Entertainment Limited (ACN or any particular needs. Readers s
Slide 3: Delivering on our commitment to grow shareholder value
DELIVERING COMMITMENTS RESULTS ON OUR COMMITMENT Strategic review of US business Exited in September on favourable financial terms TO GROW Monthly profitable before end of H1 Profitable1 from November and for H1FY25 SHAREHOLDER $14m of annualised synergies from BlueBet merger Delivered $16.9m (+20%)
Slide 4: Key metrics confirm new scale of betr
KEY METRICS CONFIRM NEW SCALE OF BETR FY25 FY24 CHANGE Turnover $1,420.4m $591.9m 140% Gross Win Margin % 13.8% 13.4% +0.4pp PROFITABLE GROWTH ACCELERATING MOMENTUM Gross Win $196.2m $79.5m 147% FY25 EBITDA1 of $7.2 million Key trading metrics increased through structural margin throughout FY25 foll
Slide 5: A betr offer for PointsBet
A BETR OFFER FOR POINTSBET INCREASED TAKEOVER OFFER FOR POINTSBET TO $1.40 IN VALUE1 PER SHARE AND MINIMUM $90 MILLION SELECTIVE BUY-BACK CURRENT STATUS TIMELINE4 betr Offer value clearly superior to MIXI’s offer Shareholder EGM to approve issue of shares 22 September of $1.25 per PointsBet Share an
Slide 6: Australian wagering market in FY26
AUSTRALIAN WAGERING MARKET IN FY26 TRENDS & INSIGHTS SCALE REMAINS DISTRACTED RETURN TO PRODUCT WILL REGULATORY CRITICAL COMPETITORS GROWTH WIN SPOTLIGHT Fees, taxation and advertising Competing global priorities, Market data indicates ‘Generosity wars’ making Compliance is paramount, headwinds chal
Slide 7: What to expect from betr
WHAT TO EXPECT FROM BETR Brand Refresh Ongoing Momentum Rapid Product Releases M&A Focus Redeploying our next- Strong turnover and Net First-to-market features Pursuing opportunities generation brand to drive Win growth continues and a pipeline of for accretive shareholder efficient acquisition into
Slide 8: Financials
FINANCIALS
Slide 9: Normalised group results summary - continuing operations
NORMALISED GROUP RESULTS SUMMARY - CONTINUING OPERATIONS NET REVENUE Turnover in FY25 increased by 140% over the PCP with Wagering Revenue All amounts in A$m FY25 FY24 increasing 134% driven by improved net win margins. Trading metrics Turnover2 1420.4 591.5 improved quarter on quarter with betr dat
Slide 10: Balance sheet
All amounts in A$m 30 JUN 2025 30 JUN 2024 Assets BALANCE Current assets Cash and cash equivalents 104.9 24.5 SHEET Trade and other receivables Income Tax refund due 1.3 0.0 1.0 0.0 Other assets 2.3 1.5 Total current assets 108.5 27.0 Non-current assets Financial assets 78.2 0.0 Property, plant & eq
Slide 11: Summary of cash flows
SUMMARY OF All amounts in A$m FY25 FY24 CASH FLOWS Cash flows from operating activities Receipts from customers (Client deposits) 470.7 195.2 Payments to customers (Client withdrawals) -339.4 -131.9 Payments to suppliers and employees (inclusive of GST) -123.6 -75.5 Payments to suppliers and employe
Slide 12: Appendix
APPENDIX
Slide 13: Statutory income statement – Group
STATUTORY INCOME STATMENT – GROUP All amounts in A$m FY25 FY24 Revenue 132.0 57.6 Cost of Sales -73.6 -26.8 Gross Profit 58.4 30.8 Other Income 0.8 0.3 Advertising & Marketing expense -19.5 -10.4 Employee benefits expense -24.5 -12.8 Licencing, platform and subscriptions -3.7 -3.5 Product & Technolo
Slide 14: Statutory P&L reconciliation
STATUTORY P&L RECONCILIATION FY25 FY25 H1 All amounts in A$m NORMALISED ADJUSTMENTS STATUTORY All amounts in A$m FY25 Revenue 134.6 -2.6 132.0 One off migration generosity -2.6 Cost of Sales -73.4 -0.2 -73.6 One-off migration & transaction costs -7.8 Gross Profit 61.2 -2.8 58.4 One-off synergy reali
Slide 15: betr
B betr