• Net profit attributable to shareholders totalling $17.5m
• Interim dividend declared totalling 3.7 cents per share fully franked
• Post-tax NTA per share up 5% to $1.67

Bailador Technology Investments Limited ('Bailador', ASX:BTI), an ASX-listed technology expansion capital fund, has released its interim financial results for the six months ending 31 December 2024 ('HY25'). Key highlights include a net profit attributable to shareholders totalling $17.5m, an interim dividend of 3.7 cents per share fully franked, and a 5% increase in post-tax NTA per share to $1.67. The BTI portfolio ended 2024 in a strong position, with combined portfolio revenue of $498m (42% growth over the last 12 months) and a gross margin of around 67%. Bailador invested $64m in new and existing portfolio businesses over the past 12 months, including a $5m investment in DASH announced in June 2024 and completed in January 2025. The company's post-tax NTA per share increased 7% for the half-year when adding back the September 2024 fully franked dividend of 3.4 cents per share. The growth in NTA per share was largely driven by valuation increases to Updoc (up 50%), SiteMinder (up 20%), Rosterfy (up 14%), Mosh (up 33%), and Straker (up 18%). Bailador has declared an interim dividend of 3.7 cents per BTI share, fully franked, representing an annualised yield of 6.0% on the closing price of BTI shares on 19 February 2025, or a grossed-up annualised yield of 8.0%. The company's dividend reinvestment plan (DRP) will operate with a 2.5% discount.