RAS Technology (ASX: RTH) Bounces Back with Positive Net Profit of AUD 0.40Mn in 1HFY25 Amid Market Expansion

Highlights

• RTH reported a 33% YoY rise in total revenue for H1FY25, reaching AUD 10.07 million, driven by a 32% increase in data and content revenue.
• The company strengthened its presence in Asia with the acquisition of six leading Hong Kong-based racing data and editorial publications for HKD 20 million (AUD 4.02 million).
• The upcoming launch of Wagering 360 and collaboration with Waterhouse VC are expected to further accelerate global expansion.

RAS Technology Holdings Limited (ASX:RTH) is an ASX-listed company that offers integrated content and data for the global racing and wagering industries. In the six months ended 31 December 2024 (H1FY25), the company reported a 33% YoY increase in total revenue, reaching AUD 10.07 million, largely fuelled by a 32% YoY growth in data and content revenue and a 44% YoY rise in wagering technology revenue.

In H1FY25, RTH’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 133% YoY annually to AUD 1.4 million, while net profit turned positive at AUD 0.40 million, marking a recovery from a net loss of AUD 0.38 million in H1FY24.

Strategic Expansion into Asian Markets

On 25 February 2025, RAS Technology Holdings announced that its subsidiary, Racing and Sports Asia Limited (RASA), had acquired six Hong Kong-based racing data and editorial publications for HKD 20 million (approximately AUD 4.02 million). This acquisition significantly boosts RAS’ presence in Hong Kong, a key market for the global wagering industry, and opens new avenues for expansion in Asia.

Constructive indicators for professional services companies

According to data from the Australian Bureau of Statistics (ABS), business turnover in January 2025 registered a 0.6% rise in trend terms, marking the sixth consecutive month of growth. During the reported period, 10 of the 13 industries witnessed growth with the professional, scientific, and technical services sector leading the way with a 4.3% increase, followed by construction at 2.8%.

Outlook

RTH aims to capitalise on market expansion, technological advancements, and strategic partnerships. The company plans to boost its footprint in the UK and international markets, enhance its racing and wagering technology offerings, and drive increased adoption of racing data and content. The upcoming launch of Wagering 360 and collaboration with Waterhouse VC are expected to further accelerate global expansion.

Top 10 shareholders of RTH

The top 10 shareholders of RTH have around 60.93% shareholding in the company. Gary Crispe and Robert Vilkaitis have the largest stake in the firm with a shareholding of 17.27% and 17.22%, respectively.

Share performance of RTH

RTH shares closed 1.41% higher at AUD 0.72 per share on 17 March 2025. The stock price of RTH has dropped by almost 52% in the last six months, and it has decreased by around 31.75% in the past nine months.

52-week high of RTH is AUD 1.575, recorded on 22 August 2024, and 52-week low is AUD 0.65, recorded on 27 February 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 17 March 2025. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Disclaimer

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