Racing and Sports reports revenue growth as international expansion grows

Australian-based racing technology and content company Racing and Sports reported revenue of $13.9 million for the six months to December 31, up 38 per cent year‑on‑year, while annual recurring revenue (ARR) climbed 34 per cent to $24.6 million.

RAS’s first half of FY26 was underpinned by global expansion, strategic investment and the successful integration of its Hong Kong acquisition.

It undertook increased investment across technology, trading capability and Asian leadership, moderating profitability but expanding its long‑term growth pathways. Normalised EBITDA remained stable at $1.4 million, while operating cash flow was positive.

Chief executive Stephen Crispe said the period represented a significant strategic milestone for the company.

“The first half of FY26 marked an important step forward as RAS transitioned into a truly global provider of fully integrated racing and managed trading solutions,” Crispe said.

“We delivered strong revenue and ARR growth while investing in the capabilities required to support long‑term scalable expansion, and the successful integration of our Hong Kong operations has significantly strengthened our competitive positioning.”

Crispe said momentum was building across key regions, particularly the UK and Asia.

“The LeoVegas agreement is a transformational milestone, and with major customer launches scheduled and growing momentum in Asia and the UK, we are increasingly confident of stronger performance through the second half and beyond,” he said.

RTH’s (RAS’s ASX moniker) closed at 78 cents, giving it a market cap of just under $37 million.