RAS Technology Holdings Limited (ASX:RTH) Reports ARR Growth to $21.1M
Financial Performance
RAS Technology Holdings Limited (ASX:RTH) announced that its annualised recurring revenue (ARR) has grown to $21.1 million, up from $18.3 million at the end of 1H FY25. This increase includes a $1.1 million contribution from the recent Hong Kong acquisition, which was finalised on 3 April 2025.
New Deals and Acquisitions
The company secured multiple new deals and contract extensions in 2H FY25, enhancing its market position and customer relationships. Key partnerships include Quinn Bet and Metric Gaming, as well as agreements with Entain plc, Sportsbet, and SKY Racing. Additionally, a Tier-1 customer expanded their use of RAS’ Trading Platform globally. The acquisition of six Hong Kong-based racing data and editorial publications is expected to drive further revenue growth under RAS’s management.
Executive Comments
RAS Technology Managing Director and CEO Stephen Crispe stated, “Reaching an ARR above $20m represents a significant milestone for the company, with the momentum we’ve built reflecting the increasing market demand for our solutions and the strength of our customer relationships.” He added, “Our clients continue to recognise the value and quality we deliver, as evidenced by our most recent contract renewals and expansions. The successful integration of our Hong Kong acquisition demonstrates our ability to execute on expansion opportunities while maintaining operational excellence.” Crispe concluded, “With a strong pipeline of opportunities and our expanded geographic footprint, we are well-positioned to continue our growth trajectory for the remainder of this financial year, into FY26 and beyond.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Ras Technology. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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