• Revenue increased 38% to $13.9 million
• Annual Recurring Revenue (ARR) increased 34% to $24.6 million
• Transformational Tier-1 customer win with LeoVegas Group

RAS Technology Holdings Ltd (ASX:RTH), a leading provider of fully integrated premium data, enhanced content, Operator Managed Trading Platform and Managed Trading Services and digital, publications and media services to the global racing and wagering industries, delivered strong revenue and annual recurring revenue (ARR) growth during the first half of FY26 (H1 FY26). Revenue increased 38% to $13.9 million, supported by growth across all operating divisions. ARR increased to $24.6 million, representing 34% growth year-on-year, driven by new contracts, expansion of the Managed Trading Services (MTS), and strong UK performance. The company's ARR excludes revenue from its B2C publications in Hong Kong, which bring an additional $3 million in repeatable revenue. A major milestone was the appointment of RAS to deliver a fully integrated racing solution to LeoVegas Group's UK brands, following a competitive global tender process. The agreement provides end-to-end racing capability encompassing data, content, official race-day feeds, and managed trading services. RAS also strengthened its UK presence through expansion of QuinnBet's racing offering, onboarding of new operator Bestodds, partnership with Stakemate, and launch of its Betbridge product. In Asia, the company established a highly credentialed regional growth leadership team, progressed publishing system modernisation, launched new international simulcast racing products, and successfully launched HKDNForm.com targeting mobile-first audiences.

RAS is well positioned for H2 FY26 with a strong contracted revenue base and several recently secured contracts progressing toward launch. The LeoVegas agreement is expected to generate meaningful new revenue from the mid-2026 launch, and revenue contribution from the Hong Kong acquisition is expected to strengthen from H2 with a full half of racing and the newly launched products.

RAS enters the second half of FY26 with strong operational momentum. Continued deployment of the company's proprietary end-to-end racing and MTS platform is expected to drive further customer wins, while the Tier-1 LeoVegas Group agreement reinforces RAS's positioning as an independent global racing technology provider with multiple opportunities in the pipeline. In Asia, ongoing investment in technology and regional partnerships will open additional growth opportunities.