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As the technology sector evolves, value is increasingly found in niche companies that have built competitive moats through specialised data and software platforms.

RAS Technology Holdings (ASX: RTH) is a technology company providing data, content and software solutions to a range of global sporting and gaming organisations. RTH offers investors exposure to a bespoke technology business at an attractive valuation, supported by recurring revenues and growth catalysts.

Investor Highlights

• Strong Underlying Metrics - FY25 Revenue saw a 31% increase from FY24, with positive earnings and an increase in cash from operations. FY25 saw the continuation of RTH’s increase in positive free cash flow from the Prior Corresponding Period (PCP) and Annual Recurring Revenue (ARR) for the period increasing in FY25 to ~$21.8m from $18.853m the year prior.
  
  
• Diversified Technology Offering Impact - RTH’s combination of solutions enable new efficiencies, cost savings and reduction of labour input for its clients. Much of the product suite has been developed to provide tangible benefits in driving further participation, retention and turnover for its clients. RTH also provides premium data services, with access to billions of data points across multiple countries, races and events.
  
  
• Global Offering - RTH offers its technology-based products and services across Australia, U.K, U.S, Europe and Asia. There is strong demand for RTH’s offering, as reflected in its 62% increase in ARR for the U.K market for FY25.
  
  
• Tier-1 Client Base - RTH provides its proprietary technology to major sports and gaming companies, including (but not limited to) SportsBet, Bet365, BetFair, TabCorp and BlueBet. These clients have remained long-term with the business, with many gained prior to the Company’s listing on the ASX in 2021.
  
  
• Strong Register and Self-Sustaining Business Model - Top 20 shareholders hold ~81% of the Company (FY25 Annuals). Shareholders include Entain PLC (LON: ENT), a major global sports and gaming group. ENT is a member of the FTSE 100, generating over £5 billion in revenues for FY24. RTH also operates with no debt and has not relied on major capital raises to fund operations since its IPO.

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