• Delivered a 7.8% post-tax portfolio return in FY25
• Declared a final dividend of 3.6 cents per share, representing an 8.1% grossed-up yield
• Portfolio company revenue grew 47% over the last 12 months to $592m

Bailador Technology Investments Ltd (BTI) reported strong financial results for the 2025 financial year, delivering a 7.8% post-tax portfolio return and declaring a final dividend of 3.6 cents per share, representing an 8.1% grossed-up yield. The company's portfolio companies achieved 47% revenue growth over the past year, reaching a combined revenue of $592m. BTI deployed $41m in new and follow-on investments, including $12.5m into PropHero and $7.7m into Hapana. The company also realised $20m from a partial sale of its position in SiteMinder at a 31% premium to the June 2024 share price. Bailador's private portfolio delivered a 33% gross return in FY25, with several companies seeing significant valuation uplifts. The company has a track record of successful full and partial cash realisations, with all 13 realisations occurring above carrying value and delivering a combined 3.3x multiple on invested capital at an IRR of 23.1%. Bailador holds its private investments at conservative valuations, with an average 39% uplift on realisation compared to internal reviews. The company's dividend policy remains in place, targeting 4% of pre-tax NTA per annum, with dividends paid half-yearly and fully franked.