• Revenue growth of 33% vs PCP, driven by data, content and wagering technology
• Achieved first after-tax profit since IPO, with NPAT of $399k
• Continued strong growth in UK and Asian markets

RAS Technology Holdings Ltd reported strong financial results for H1 FY25, with revenue growing 33% year-over-year to $10.1 million. This growth was driven by increases in both data and content revenue (up 32% to $6.34m) and wagering technology revenue (up 44% to $2.96m). The company also achieved its first after-tax profit since its IPO, reporting NPAT of $399k, with the benefit of R&D grants being applied as a tax offset. The company's Annual Recurring Revenue (ARR) grew 33% year-over-year, with the UK market seeing 68% growth and other international markets, including Stake.com, growing by 36%. RAS also announced the acquisition of several leading racing publications and a data service in Hong Kong for A$4.02 million, providing a significant presence in one of the world's largest wagering markets and diversifying the company's revenue streams. Looking ahead, RAS expects strong deal flow and platform provider partnerships in the UK/Europe to support further revenue and ARR growth in H2 FY25, while the recently launched Wagering360 white label platform and Managed Trading Service offerings also have significant growth potential. The company's expansion into Asia, including the Hong Kong acquisition, is expected to continue driving strong growth, with Asia expected to make up around 17% of total revenue post-acquisition.

RAS Technology Holdings Ltd expects continued strong revenue and profit growth in H2 FY25, driven by new deals in the UK/Europe, the launch of the Wagering360 platform, and the contribution from the recently acquired Hong Kong assets.

RAS Technology Holdings Ltd is well-positioned for continued growth, with a strong pipeline of opportunities across all geographies, the successful launch of new products like Wagering360 and Managed Trading Services, and the expansion into the high-growth Asian market through the Hong Kong acquisition. The company is focused on balancing growth in profits while maintaining investment to support long-term growth.