RAS Technology’s ARR Climbs 15% to $21.1m on New Deals and Acquisition
RAS Technology Holdings has boosted its annualised recurring revenue to $21.1 million, driven by strategic acquisitions and a flurry of new contracts. The company’s expanding global footprint signals strong momentum heading into FY26.
- ARR rises from $18.3m to $21.1m including Hong Kong acquisition
- New contracts secured with Pragmatic Play, Metric Gaming, Entain, Sportsbet, and SKY Racing
- Hong Kong acquisition adds $1.1m ARR and expands B2C revenue streams
- Expanded use of SaaS trading platform by Tier-1 global customer
- Strong pipeline supports continued growth into FY26
RAS Technology’s ARR Growth Milestone
RAS Technology Holdings Limited (ASX: RTH), a key player in the racing and wagering technology sector, has announced a significant increase in its annualised recurring revenue (ARR), reaching $21.1 million. This marks a notable jump from $18.3 million reported at the end of the first half of FY25, underscoring the company’s accelerating growth trajectory.
The boost in ARR is partly attributable to the recent acquisition of six Hong Kong-based racing data and editorial publications, which alone contribute $1.1 million to the recurring revenue base. This acquisition, finalized in early April 2025, not only broadens RAS’s geographic footprint but also enhances its B2C revenue streams through established media contracts with the Hong Kong Jockey Club and other prominent local outlets.
Strategic Partnerships and Contract Extensions
Beyond acquisitions, RAS has secured multiple new deals and contract renewals that reinforce its market position. Noteworthy among these is the partnership with UK-based Pragmatic Play, a leading supplier in the iGaming industry. RAS’s SaaS trading platform, combined with its comprehensive racing data, supports Pragmatic Play’s sportsbook offerings, with Quinn Bet becoming the second brand to go live under this collaboration.
Additionally, RAS has partnered with Metric Gaming, a premium sportsbook platform provider, to become the exclusive data partner for horse racing and greyhound content. This collaboration is expected to unlock new proprietary racing products and growth opportunities for both companies.
Other significant agreements include expanded services for Entain plc, providing enhanced runner preview and review content, as well as premium advertising on popular Australian wagering brands Ladbrokes and Neds. Sportsbet and SKY Racing have also extended their contracts, with SKY Racing expanding RAS’s form and content into new jurisdictions.
Looking Ahead: Growth and Integration
RAS’s Managing Director and CEO, Stephen Crispe, highlighted the company’s strong momentum and the value clients place on its solutions. He emphasized the successful integration of the Hong Kong acquisition as a testament to RAS’s operational capabilities and strategic execution.
With a robust pipeline of opportunities and an expanded global presence, RAS is well-positioned to sustain its growth into the remainder of FY25 and beyond into FY26. The company’s ability to deepen existing client relationships while entering new markets will be critical to maintaining this upward trajectory.
Bottom Line?
RAS Technology’s expanding global reach and solid contract wins set the stage for sustained growth, but integration challenges and market competition remain key watchpoints.
Questions in the middle?
- How will the Hong Kong acquisition impact RAS’s profitability and margins over the next year?
- What are the specific growth targets for the new proprietary racing products developed with Metric Gaming?
- Can RAS maintain its momentum in customer acquisition amid intensifying competition in the racing data sector?
