BetMakers Q1 FY26 (for the period ended 30th of September 2025) marked a real turnaround story. The racing technology group swung back into positive adjusted EBITDA and kept revenue moving in the right direction. With tighter control on spending and better margins, the quarter showed signs of a steadier business taking shape.

• BetMakers booked AUD 2.4m (ca. EUR 1.4m)  in adjusted EBITDA, reversing a AUD 3.4m (ca. EUR 1.9m) loss from last year. Management said the return to profitability came down to a stronger operating rhythm and leaner structures. The shift reflects clearer focus and sharper execution across teams.

• Revenue rose to AUD 22.1m (ca. EUR 12.5m), up 7.7% from Q1 FY25 once the loss of a legacy customer was adjusted out. The company said new contract wins and market demand are building well, with a solid pipeline expected to feed into the next quarters.

• Gross margin lifted to 64.7%, up from 57.8% a year earlier. That gain came from lower content costs and heavier use of BetMakers’ own tech stack. The margin bump underlines how the group is tightening the screws on efficiency.

• Operating costs dropped by AUD 1.4m (ca. EUR 0.8m), or 10.8%, compared to the same period last year. The cuts weren’t just across-the-board – they were tied to real process improvements and automation. This made every extra dollar in revenue more valuable to the bottom line.

• Cash flow from operations was a AUD 1.2m (ca. EUR 0.7m) outflow due to a one-off AUD 3m (ca. EUR 1.7m) annual New Jersey Fixed Odds payment. Without that, the company would have posted a AUD 1.8m (ca. EUR 1m) inflow, showing that its day-to-day cash generation is moving in a healthier direction.

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