• Annualised revenue of $82.8m and adjusted EBITDA loss of $1.3m in 1H FY25
• Delivered material reductions to cost base, increasing operating leverage
• Streamlined growth strategy to focus on key initiatives to drive increased turnover and margin

BetMakers Technology Group reported its 1H FY25 results, with annualised revenue of $82.8m and an adjusted EBITDA loss of $1.3m. The company has delivered material reductions to its cost base, increasing operating leverage, and executed on its technology roadmap by delivering Apollo, further improving its market leading product suite. BetMakers has streamlined its growth strategy to focus on key initiatives that can deliver increased turnover and margin, and expects revenue growth in FY26 with early financial impact from growth initiatives to be seen in late 2H FY25. The company's gross margin for 1H FY25 was 60%, with the expectation of future gross margin increases driven by the technology roadmap. BetMakers' transformation has generated $32m in annualised savings, and the company is committed to further operational excellence and efficiency. The EBITDA and operating cash-flow trajectory is expected to continue to improve throughout 2H FY25 as the impacts of the restructuring and the Apollo migration take full effect.

BetMakers expects revenue growth in FY26, with early financial impact from growth initiatives to be seen in late 2H FY25. The company also expects its EBITDA and operating cash-flow trajectory to continue to improve throughout 2H FY25 as the impacts of the restructuring and the Apollo migration take full effect.

BetMakers is focused on growth initiatives that expand its network, increase turnover for its products, and expand its margin. The company expects its EBITDA and operating cash-flow trajectory to continue to improve throughout 2H FY25 as the impacts of the restructuring and the Apollo migration take full effect.