BetMakers Technology Group has reported a 361% growth in Adjusted EBITDA for the first quarter of FY26, driven by margin expansion.

Revenue for the Quarter increased 7.7% on a normalised basis to $22.1 million, up from $20.5 million in
the prior corresponding period (excluding $0.8 million in revenue in Q1 FY25 derived from a legacy
customer).

Gross Profit improved by 15.7% to $14.3 million, with the Company’s high-margin, technology-led model delivering a gross margin of 64.7%, up from 57.8% in Q1 FY25.

The Company’s disciplined cost management, a cornerstone of its transformation, continues to yield
measurable results. Total operating expenses (Staff Costs and Other Expenses) were reduced by $1.4
million (or 10.8%) compared with Q1 FY25, reflecting the efficiencies and operating leverage now
embedded in the business model.

Executive Chair of BetMakers, Mr Matt Davey, said: “The turnaround in our Adjusted EBITDA this Quarter marks the first tangible result of our completed transformation. It validates that we’ve successfully reset BetMakers into a lean, profitable, and efficient platform. Our focus is now on scaling this platform for growth. We see a clear, multi-faceted opportunity driven by our market-leading product and emerging AI capabilities.