RAS Technology Holdings Posts $21.3M Revenue, 31% Growth, and Second Year Profit

Robust Financial Performance Amid Strategic Expansion

RAS Technology Holdings Limited (ASX, RTH) has delivered a standout financial performance for the 12 months ended 30 June 2025, reporting revenue of $21.3 million, a 31% increase over the prior year. This growth was underpinned by expansion across all business segments, including data services, wagering technology, and digital media. Notably, the company achieved its second consecutive year of before-tax profitability, with a normalized profit of $754,000 despite significant investments and acquisition costs.

The company’s gross profit margin remained strong at 81%, consistent with the previous year, reflecting operational efficiency even as it integrated new business lines. Annual recurring revenue (ARR) rose 16% to $21.8 million, boosted by a $1.1 million contribution from the recent Hong Kong acquisition, which also added over $3 million in business-to-consumer revenue.

Strategic Acquisition Opens Asian Market

In a pivotal move, RAS acquired six established Hong Kong racing publications and a data service in April 2025, granting immediate access to Asia’s largest wagering market. This acquisition not only diversifies RAS’s revenue streams but also establishes a platform for broader regional growth. The company has appointed a local Commercial Manager and is preparing to launch digital assets across Asia, signaling a clear commitment to expanding its footprint in high-value international markets.

Innovation and Partnerships Drive Momentum

RAS has also made significant strides in wagering technology, launching its Managed Trading Service supported by a 24x7 global trading team. In the UK, the company secured an exclusive partnership with Pragmatic Play as their sole racing data and trading provider, alongside expanding collaborations with the Greyhound Board of Great Britain and other industry leaders. These partnerships have enhanced RAS’s market penetration and product offerings, positioning it as a comprehensive provider of racing and wagering solutions.

Further growth initiatives include the rollout of the Wagering360 white label platform and the BetBridge embedded racing product, both designed to accelerate customer adoption and revenue growth. The company’s recent agreements with international operators such as Mauritius Turf Club Jockey Club, Stakemate, and Spreadex underscore its expanding global reach.

Looking Ahead, Scaling Global Operations

RAS is focused on scaling its technology infrastructure and operational capabilities to support continued growth across premium markets including the US, UK, Europe, and Asia. The company plans to leverage its enhanced data, technology, and trading expertise to deepen existing partnerships and pursue new acquisition opportunities. With a solid cash position of $5.7 million after acquisition-related expenditures, RAS appears well-capitalized to execute its ambitious expansion strategy.

As the company integrates its Hong Kong operations and advances its wagering technology offerings, investors will be watching closely to see how these initiatives translate into sustained revenue growth and market share gains in the increasingly competitive global racing and wagering industry.