• Revenue of $10.07 million, up 33% on the prior corresponding period
• EBITDA up $788k to $1.4 million
• Annualised recurring revenue (ARR) of $18.3m, up 33% on a normalised basis

RAS Technology Holdings Ltd (ASX:RTH), a leading provider of premium data, enhanced content and technology solutions to the global racing and wagering industries, has announced its results for the six months ended 31 December 2025 (H1 FY25). The company reported revenue of $10.07 million, a 33% increase on the prior corresponding period (pcp). Data and Content revenue was $6.34 million, up 32% on the pcp, while Wagering Technology reported $2.96 million in revenue, up 44% on the pcp. EBITDA for the half year was $1.4 million, up $788k compared to the pcp. Annualised recurring revenue (ARR) increased to $18.35 million as of 31 December, up 22% from the same period last year. Normalised for the change in Picklebet's service, ARR rose 33% compared to the pcp. UK ARR experienced strong growth, rising 68% year-on-year. The company's cash position was $10.2 million, up from $8.8 million at 31 December 2024. Net cash flow from operating activities was $2.1 million, up from $1.1 million in the pcp. The operating result before tax for H1 FY25 was a profit of $475k, an improvement of $651k from the pcp. Key deals during the period included expanding Stake.com's racing offering, enhancing racing content for BlueBet, and signing a multi-year agreement with Pointsbet.

The company expects to see continued opportunities and strong growth, with plans to expand its international strategy, particularly in Asia where it has recently made its first acquisition.