Highlights

  • Unaudited Revenue reached about A$2.70 million in the Sep-2026 quarter, up roughly 70% on Q1 FY26.
  • The Ontario BetGuard programme contributed about A$1.24 million, ahead of A$1.18 million from the BetStop register.
  • A A$3.0 million Placement at A$0.12 per share lifted cash to A$1.72 million at 30 September.
  • Management expects a material improvement in underlying Operating Cash Flow in the December 2026 quarter.

Dataworks Group Ltd (ASX:DWG) has opened FY27 with a sharp year-on-year revenue increase as its Canadian self-exclusion work matched the scale of its established Australian programme. Unaudited revenue for the quarter ended 30 September 2026 was about A$2.70 million, up roughly 70% from A$1.59 million in Q1 FY26, although it was about 20% below the June 2026 quarter.

The RegTech company builds and runs government regulatory infrastructure aimed at reducing gambling harm, with real-time integrations to more than 200 wagering operators.

Ontario Overtakes BetStop as Largest Revenue Line

Dataworks operates BetStop, the National Self-Exclusion Register supporting the Australian Government, and BetGuard, a real-time centralised self-exclusion platform for iGaming Ontario in Canada, which comes with a Toronto-based contact centre and managed services. Its platforms have processed more than 46 billion exclusion checks and verifications since launch, and handle over 50 million checks on a typical day.

In Q1 FY27, the Ontario programme generated about A$1.24 million, BetStop about A$1.18 million and a Planning Services Agreement about A$0.28 million. That agreement, announced on 31 August 2026, is an eight-week paid engagement with an unnamed government customer expected to deliver about A$536,000, subject to milestones. Any implementation work beyond the planning phase would need a separate agreement.

Placement and Rights Issue Rebuild the Balance Sheet

The company recorded an unaudited EBITDA loss of about A$0.28 million. Customer receipts were A$2.20 million, and net operating cash outflow was A$1.38 million, which management said included about A$1.05 million of timing differences and prior-period settlements. The company also invested A$0.22 million in internally generated software during the quarter.

On 15 September 2026, Dataworks announced a A$3.0 million placement of 25 million shares at A$0.12, issued on 25 September with one free option, exercisable at A$0.20 until 31 December 2027, for every two shares. It also launched a one-for-ten non-renounceable entitlement offer at the same price, targeting up to about A$1.24 million. Applications of about A$0.41 million arrived after quarter end, and the shortfall offer is scheduled to close on 9 November 2026.

Cash rose to A$1.72 million at 30 September 2026 from A$0.60 million at 30 June. A A$1.5 million short-term unsecured Facility drawn in July was repaid in full in September, leaving no borrowings outstanding.

Ontario Milestones and AGM Shape the Next Quarter

Dataworks has not issued formal FY27 guidance. Management expects a material improvement in underlying operating cash flow in the December 2026 quarter, supported by scheduled Ontario milestone receipts.

Shareholders will meet in Sydney on 27 November 2026 to vote on resolutions including ratifying the placement shares, issuing placement Options and options to lead manager Cygnet Capital, re-electing director Freya Smith and renewing proportional Takeover provisions. Shares were unchanged at A$0.115 on 2 November 2026, giving a Market Capitalisation of A$15.12 million, and were up 90.77% over 12 months.