BetMakers Achieves Tranche 1 Long-Term Incentive Plan Hurdle
| Stock | Betmakers Technology Group Ltd (BET.ASX) |
|---|---|
| Release Time | 8 Sep 2025, 9:20 a.m. |
| Price Sensitive | Yes |
BetMakers Achieves Tranche 1 Long-Term Incentive Plan Hurdle
- Achieved performance hurdle for Tranche 1 of Long-Term Incentive Plan
- Delivered EBITDA annual run-rate of $10.8m and $6.4m operating cash-flow for six-month period
- LTIP designed to align key management incentives with shareholder value creation
BetMakers Technology Group Ltd (ASX:BET) has announced that it has successfully achieved the performance hurdle for Tranche 1 of its Long-Term Incentive Plan (LTIP). The achievement of this first milestone underscores the Board's strategy to align key management incentives with the creation of shareholder value. The performance hurdle for Tranche 1 was achieved in the six months to 30 June 2025, during which the Company delivered an EBITDA annual run-rate of $10.8m as well as $6.4m operating cash-flow for the six-month period. Executive Chair Matt Davey commented that the LTIP is designed to directly align the interests of key employees with those of shareholders, and achieving this first hurdle demonstrates tangible progress in creating long-term, sustainable shareholder value. The company remains focused and confident in its ability to pursue the upcoming hurdles as it continues to expand its global footprint and deliver on its growth strategy.