Highlights

  • FY26 Revenue increased 34% to $28.4 million across RAS Technology Holdings’ three Business verticals.
  • Annualised Recurring Revenue reached $23.5 million at 30 June 2026, up 8% year on year.
  • Wagering Technology expanded through new racing solution agreements and Managed Trading Service relationships.
  • AI and automation remained strategic priorities to support product development and operational efficiency.

RAS Technology Holdings Limited (ASX:RTH), trading as Racing and Sports, is a provider of premium racing data, enhanced content, wagering technology and digital media services for the global racing and wagering industries. The company supports racing bodies, wagering operators, media organisations and digital platforms through integrated technology solutions. During FY26, RAS focused on expanding its trading capabilities, growing its Asian operations, strengthening recurring revenue streams and embedding artificial intelligence across its business.

FY26 Financial Performance and Revenue Growth

RAS Technology Holdings delivered revenue of $28.4 million in FY26, representing a 34% increase compared with $21.3 million in FY25. Growth was recorded across all three operating verticals, including Enhanced Information Services, Wagering Technology, and Digital, Media, Publications and Other.

Enhanced Information Services revenue increased to $14.7 million from $13.3 million, supported by the company’s proprietary racing database and content services. Wagering Technology revenue increased to $7.7 million from $5.4 million, while Digital, Media, Publications and Other revenue rose to $6.1 million from $2.6 million following the first full-year contribution from the Asian acquisition.

Annualised Recurring Revenue reached $23.5 million at 30 June 2026, representing an 8% increase compared with the prior year. The company reported normalised EBITDA of $3.0 million, compared with $2.9 million in FY25.

The company recorded a normalised net loss after tax of $0.3 million, reflecting Investment into product capability, trading operations and Asian expansion. Cash and cash equivalents at year end were $4.2 million, with Operating Activities generating positive Cash Flow during the year.

Racing Technology Solutions Expand Across Global Markets

During FY26, RAS continued developing its complete racing solution offering, combining data, content, pricing, trading and innovation capabilities for wagering operators and platform providers.

The company secured a full racing solution agreement with LeoVegas Group in the United Kingdom following a competitive tender process. The agreement expanded RAS’ UK presence and supported its Managed Trading Service strategy.

RAS also launched Betbridge in the UK market through its relationship with Fairplay Exchange and continued growing its Stakemate relationship. The company expanded its domestic offering through the rollout of W360, which provides an additional pathway for customer engagement.

The company’s proprietary racing database remained a key component of its technology platform. Products such as Fast Form continued supporting wagering partners by providing data and content solutions.

RAS Asia progressed during its first full year under company ownership, with expanded digital assets, international simulcast offerings and stronger relationships with racing bodies across the region. The company also appointed experienced racing journalist Ray Thomas to strengthen editorial capabilities across its publishing platforms.

AI Strategy and FY27 Technology Priorities

Artificial intelligence became a strategic focus for RAS during FY26, with the company applying AI across operational processes, automation initiatives and product innovation.

The company is using AI to improve operational efficiency, support customer engagement and enhance product development. A new Chief Technology Officer was appointed in July 2026 to support the company’s technology agenda.

Looking ahead to FY27, RAS plans to continue advancing AI capabilities and automation across its business. Key priorities include improving scalability, accelerating client deployment, expanding multilingual content capabilities and strengthening its integrated product suite.

The company also intends to continue leveraging partnerships with wagering platforms, racing industry organisations and technology providers while evaluating opportunities that align with its growth strategy.

RAS enters FY27 with an expanded product offering, broader geographic operations and a growing recurring revenue base. The company’s focus remains on converting technology investments into sustainable operating outcomes while continuing to serve global racing and wagering markets.

Key Insights

RAS Technology Holdings is expanding its global racing technology platform through recurring revenue growth, wagering technology solutions, digital media services and AI-enabled product development. FY26 focused on strengthening capabilities across data, trading and international operations.