• Positive Adjusted EBITDA of $2.4M, representing a $3.4M turnaround
• Revenue of $22.1M, up 7.7% on prior corresponding period
• Gross margin expanded to 64.7%, up from 57.8% in prior period

BetMakers Technology Group Ltd (ASX:BET) delivered a positive Adjusted EBITDA of $2.4 million in Q1 FY26, a significant $3.4 million turnaround from the $0.9 million loss in the prior corresponding period. This was driven by solid revenue growth of 7.7% to $22.1 million, significant gross margin expansion to 64.7% from 57.8% in the prior period, and continued operational discipline, with total operating costs reduced by $1.4 million. The Company's strategic initiatives, including the planned acquisition of the Las Vegas Dissemination Centre and the launch of new products like Racelab Insights and Racelab Stories, are advancing and supporting future growth. BetMakers sees a clear multi-faceted opportunity in North America, particularly in the Nevada racing market, and is focused on executing its strategy of driving scalable, profitable growth from its core technology platform while expanding its global footprint.

The Company now expects the Las Vegas Dissemination Company (LVDC) acquisition to contribute approximately AUD$4.5 million in revenue per annum, up from the previously estimated AUD$4.0 million, with the LVDC business expected to be at least break-even in the first 12 months.

BetMakers maintains a robust pipeline of opportunities for FY26 and FY27, underpinned by its market-leading products, advanced data capabilities, and operational discipline. The Board is optimistic that these opportunities will position the Company for continued margin expansion and strategic growth in key global markets.