• Positive Adjusted EBITDA of $2.7m, up $3.0m from prior period
• Revenue of $22.9m, up 14.1% driven by growth in digital and content
• Gross margin expanded to 66.4%, up from 61.6% in prior period

BetMakers Technology Group Ltd (ASX:BET) reported its Q2 FY26 Quarterly Activities Report and Appendix 4C, highlighting continued commercial momentum and financial performance. Revenue for the quarter reached $22.9 million, representing a 14.1% increase compared to the prior corresponding period. Gross profit improved by 23.1% to $15.2 million, with gross margin expanding to 66.4%, up from 61.6% in the prior period. The company delivered positive Adjusted EBITDA of $2.7 million, a $3.0 million turnaround compared to the $0.3 million loss in the prior period. This strong financial performance was driven by consistent revenue growth, gross margin expansion, and rigorous operational discipline. Key highlights for the quarter included the execution of three landmark agreements: a new global racing partnership with Stake.com, a multi-year renewal and expansion with PENN Entertainment, and a technology partnership with CrownBet to power its return to the Australian market. These deals underscore BetMakers' position as a preferred racing technology partner for global operators. The company enters the second half of FY26 from a position of strength, with the financial impact of these recent wins expected to start materializing. Strategic priorities include driving scalable growth from the core proprietary technology platform, accelerating North American expansion, and translating the robust pipeline of global opportunities into future growth.

The company expects to continue generating positive operating cash-flows in H2 FY26.

Key strategic priorities include driving scalable growth from the core proprietary technology platform, accelerating North American expansion, and translating the robust pipeline of global opportunities into future growth.