• Bailador delivered a net profit before tax of $27.1m in FY25
• Private company investments increased by $43.4m, while public company investments decreased by $5.2m
• Bailador made two new investments and three follow-on investments during the year

Bailador Technology Investments Ltd (ASX:BTI) has reported its FY25 annual results, delivering a net profit before tax of $27.1m. The value of the company's continuing investments increased by $38.2m in the year, with private company investments increasing by $43.4m and public company investments (SiteMinder and Straker) decreasing by $5.2m. Net Tangible Assets (NTA) per share (before tax) of the fund after all fees and dividends increased by $0.07 (4.1%). During the year, Bailador paid dividends of $0.07 per share fully franked. The company made two new investments in FY25 - $7.7m in Hapana, a leading provider of gym management software, and $12.5m in PropHero, an AI-enabled property investment platform. Bailador also made three follow-on investments totaling $20.6m into DASH, Rosterfy and Access Telehealth to support their continued growth. The company highlighted the benefits of its crossover fund model, noting the significant divergence in performance between its private and public company investments. Bailador expects its private company portfolio to deliver strong results, while it remains confident in the long-term prospects of its public company holdings, particularly SiteMinder. The company also provided an overview of its views on generative AI and how it is being applied across the portfolio to improve customer experience, reduce costs and increase productivity.

Bailador is excited about the prospects of the portfolio it has assembled and expects to continue finding opportunities to deploy capital in FY26. The company is working on how it can utilize AI in its investment processes and the support it provides to portfolio companies as it expects the uptake of generative AI applications to grow rapidly.