• Net profit after tax of $23.2m, up 33% from H1 FY25
• Strong portfolio performance with valuation increases in Updoc, PropHero, and Hapana
• Realised $25m from SiteMinder investment at 62.8% above June 2025 price

Bailador Technology Investments Ltd reported a net profit after tax of $23.2m for the half-year ended 31 December 2025, up 33% from the prior corresponding period. The portfolio delivered pleasing returns across both the public and private investments. There were strong valuation increases in Updoc (20.5%), PropHero (45.6%) and Hapana (17.3%). The SiteMinder share price increased 37.2% throughout the period, and Bailador realised $25m from its position in SiteMinder in September 2025 at a price 62.8% above the June 2025 closing price. This realisation was at an IRR of 36.9% and a multiple of investment cost of 29.4x. Bailador made a $1.0m follow-on investment in portfolio company Rosterfy in November 2025 and has committed an additional $1.0 - $1.5m investment in Rosterfy in H2FY26. The company also received $2.5m in debt repayments from DASH plus $0.3m in interest. Bailador's portfolio continues to be valued at either the latest third-party investment value, mark to market, or a valuation consistent with generally accepted industry valuation techniques and benchmarks. The board has declared a fully franked interim dividend of 3.9 cents per share, in line with the company's dividend policy.

Bailador has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.