Appendix 4E and Annual Report

• Delivered positive Adjusted EBITDA and operating cash flow, underpinned by leaner cost base and expanding margins
• Successful rollout of new proprietary technologies to accelerate growth and improve cost efficiency
• Priorities include scaling Apollo platform, advancing GTX tote platform, and completing LVDC acquisition

FY25 marked a true inflection point for BetMakers, as the company delivered both positive Adjusted EBITDA and operating cash flow, underpinned by a leaner cost base, expanding margins, and the successful rollout of new proprietary technologies designed to accelerate top-line revenue growth and be cost efficient. This represents not only a comprehensive turnaround, but what the company views as the creation of a sustainable foundation for long-term, profitable growth. BetMakers has entered FY26 from a position of strength: through its financial inflection point, debt-free, and supported by a strong balance sheet. The company's priorities are scaling the Apollo platform, advancing its next-generation tote platform, GTX, and completing the strategic acquisition of the Las Vegas Dissemination Company. These initiatives, alongside deeper international expansion and stronger partner adoption, are designed to deliver revenue growth and margin improvement.

For FY25, the company reported revenue of $85.1 million, gross margin of 64% (rising to 68% in 2H FY25), and Adjusted EBITDA of $4.6 million.

BetMakers enters FY26 with momentum and purpose, focused on broadening adoption of its Apollo and GTX platforms, completing the LVDC acquisition to accelerate U.S. expansion, delivering on its B2B distribution strategy, unlocking further margin growth, and innovating with new products to support its customers' needs.