RTH.ASX: Stake contract update

Stake contract update

Stock	Ras Technology Holdings Ltd (RTH.ASX)
Release Time	18 Dec 2025, 8:44 a.m.
Price Sensitive	Yes

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Stake contract update for RAS Technology

Key Points

Complete Racing Solution contract with Stake will not be renewed after May 2026
RAS to focus on growth in regulated markets of Australia, UK, Europe, Americas, and Middle East
Significant expansion runway and opportunities in Racing and Sports Asia

Full Summary

RAS Technology Holdings Limited (ASX: RTH), a leading provider of premium data and technology solutions to the global racing and wagering industries, has announced that its Complete Racing Solution contract with Stake will not be renewed at the end of the current two-year term in May 2026. RAS will continue to focus on growth in its regulated markets of Australia, UK, Europe, Americas, and the Middle East. The company will also further concentrate resources and expertise in accelerating growth in Racing and Sports Asia, where it sees significant expansion runway and opportunities. The non-renewal of the Stake contract is not expected to have a material impact on RAS's financial performance in FY26. The company maintains a strong pipeline of opportunities for FY27, including the recently announced deal to provide a complete racing solution to the LeoVegas Group, and remains confident in its growth trajectory.

Outlook

RAS will focus on growth in its regulated markets of Australia, UK, Europe, Americas, and Middle East, and accelerate expansion in Asia where it sees significant opportunities.