BETMAKERS TECHNOLOGY GROUP LIMITED (BET)
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BET

BET - BETMAKERS TECHNOLOGY GROUP LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.53
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.165

23 Jul
2026

-0.005

OPEN

$0.18

-2.94%

HIGH

$0.18

111,958

LOW

$0.17

TARGET
$0.37 124.2% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . JIN . LNW . PBH . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
BET: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 2.7 - 3.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 24/09 - (franking Ex-Div. 3.5c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-2.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx85.1 M
Book Value Per Share xxxxxxxxxxxxxxx8.8
Net Operating Cash Flow xxxxxxxxxxxxxxx3.5 M
Net Profit Margin xxxxxxxxxxxxxxx-31.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-25.55 %
Return on Invested Capital xxxxxxxxxxxxxxx-25.33 %
Return on Assets xxxxxxxxxxxxxxx-18.55 %
Return on Equity xxxxxxxxxxxxxxx-25.55 %
Return on Total Capital xxxxxxxxxxxxxxx-12.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx33 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx1.13

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx10.2 M
Capex % of Sales xxxxxxxxxxxxxxx11.94 %
Cost of Goods Sold xxxxxxxxxxxxxxx83 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

01/05/2026

1

Buy

$0.37

124.24%

Betmakers Technology delivered Mar-26 turnover of $383m, up 1.9% y/y, with net win margins recovering to 10.0% as wagering outcomes normalised, Ord Minnett notes.

Customer quality remains a focus, with same game multi turnover up 33% and promotion costs down -10.7%, reflecting improved targeting and efficiency.

Growth was modest, with active customers up 2.8% to 157.3k, though Apr-26 trading has remained solid with margins above 10%, the analyst remarks.

A $6m p.a. cost-out program is now complete, supporting reiterated guidance for $5-8m earnings (EBITDA) in 2H26 and $13-19m in FY27, implying mid to high single-digit revenue growth.

Buy rating retained. Target slips to 37c from 38c.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.40 cents.
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

09/07/2026

1

Buy

$0.24

45.45%

Canaccord Genuity maintains a Buy rating for Betmakers Technology with a $0.24 target price ahead of its fourth-quarter results preview.

The company delivered solid third-quarter execution with annualised adjusted EBITDA pacing near $14m, supported by an expanding international commercialisation footprint.

The analyst highlights marquee customer launches, including CrownBet and Stake.com, alongside the completion of the LVDC acquisition as critical structural growth levers.

Financial models project fourth-quarter reported revenue growth of 9.5% and an improved sequential gross margin of 68.6%.

The investment thesis positions the gaming platform as a compelling business-to-business vehicle for global wagering digitalisation, backed by a total cash balance of $35.8m.
Access Extra Coverage Research History >

BET STOCK CHART

FNArena News on BET

1
Australian Broker Call *Extra* Edition – Jul 09, 2026

Jul 09 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 05, 2026

May 05 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 11, 2026

Mar 11 2026 - Daily Market Reports
4
In Brief: Arafura, BetMakers & Rivco

Mar 06 2026 - Weekly Reports
5
FNArena Corporate Results Monitor – 02-03-2026

Mar 02 2026 - Australia

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