• Net profit after tax of $23.2m (HY25 $17.5m)
• Interim dividend declared of 3.9 cents per share fully-franked
• Net Tangible Asset ('NTA') per share (post-tax) up $0.12 over FY25 to $1.76

Bailador Technology Investments Limited (ASX:BTI) has released its interim financial results for the half year ending 31 December 2025 ('HY26'). Key financial highlights include a net profit after tax of $23.2m (HY25 $17.5m), an interim dividend declared of 3.9 cents per share fully-franked which represents an annualised grossed-up yield of 8.9%, and Net Tangible Asset ('NTA') per share (post-tax) up $0.12 over FY25 to $1.76. The portfolio has seen strong performance across both the public and private investments, with SiteMinder share price up 37.2%, Updoc valuation up 20.5%, PropHero valuation up 45.6%, and Hapana valuation up 17.3%. Bailador also realised $25m cash through a partial sale of SiteMinder. The company's Dividend Reinvestment Plan (DRP) will operate for the declared dividend at a 2.5% discount. Bailador's portfolio of fast-growth technology companies has key characteristics including ~65% gross margin, ~85% recurring revenue, $673m portfolio company revenue, and 42% portfolio company revenue growth. The company's co-founders David Kirk and Paul Wilson provided commentary on the portfolio's performance and outlook, including the potential impacts of artificial intelligence on the portfolio companies.

Bailador's portfolio valuation remains conservatively valued. The company continues its strong track record of conservative valuations and realising investments above carrying value.

Bailador shareholders are invested in a high quality, fast growing investment portfolio, which remains conservatively valued, with potential for upside on cash realisation. The company is actively assessing the potential impacts, both negative and positive, of artificial intelligence on its portfolio investments as technology and AI use cases evolve.