• Positive Adjusted EBITDA of $2.4M, a $3.4M turnaround from Q1 FY25
• Quarterly Revenue up 7.7% vs prior corresponding period
• Significant Gross Margin expansion to 64.7%, up from 57.8% in Q1 FY25

BetMakers Technology Group Ltd has reported a strong start to FY26, with the company's transformation strategy continuing to deliver improved financial performance. Key highlights include:- Positive Adjusted EBITDA of $2.4M, a $3.4M positive turnaround from the $0.9M loss in Q1 FY25- Quarterly Revenue of $22.1M, reflecting 7.7% growth vs the prior corresponding period (after normalizing for a legacy customer loss in Q1 FY25)- Significant Gross Margin expansion to 64.7%, up from 57.8% in Q1 FY25, driven by the high-margin, technology-led model- Continued cost discipline, with total operating expenses reduced by $1.4M (10.8%) compared to Q1 FY25The company's customer pipeline remains strong, and there are further opportunities to improve gross margin on existing revenues, including via managing content costs. BetMakers' transformation strategy is delivering sustainable profitability, and the company continues to focus on organic and strategic initiatives to accelerate its growth.

Based on the LVDC acquisition, BetMakers expects the acquired business to contribute approximately $4.5M in annual revenue, and to be at least Adjusted EBITDA break-even in Year 1.

BetMakers continues to focus on organic and strategic initiatives that can accelerate its growth and leverage its market-leading products and technology. The LVDC acquisition is progressing well, with the long-form sale and purchase agreement expected to be signed in Q2 FY26 and the transaction expected to complete in mid-FY26.