RAS Technology Holdings (ASX: RTH) is poised for significant revenue growth, announcing multiple new customer agreements and contract extensions projected to contribute at least $2.0 million in annualised revenue.
Key agreements include a new platform partnership with Altenar, a five-year expansion with TABtouch, and initial launches with LeoVegas.
The Altenar partnership sees three customer brands live with more in the pipeline, supplying pre-race data and Oddsline services.
The TABtouch agreement includes enhanced data and content for Australian thoroughbred, harness, and greyhound racing.
This expansion covers race previews, runner comments, and content enhancements across all jurisdictions.
LeoVegas Rollout Underway
The initial phase of the LeoVegas partnership went live on 1 May 2026, with major UK brands expected in Q1 FY27, and RAS anticipates a material increase in annualised revenue from the full rollout.
Previous H1 FY26 results noted the LeoVegas contract was for a full racing solution with a mid-2026 launch.
RAS Asia has signed multiple new commercial agreements, indicating strong momentum ahead of expectations.
Additional wagering technology and enhanced information services deals are also contributing to growth.
The company previously reported the April 2025 Hong Kong acquisition was integrated and contributing to ARR.
Revenue Outlook Strengthened
RAS Technology has significantly boosted its revenue outlook with a series of new customer agreements and contract extensions, most notably the Altenar partnership and expanded TABtouch deal.
While the company continues to invest heavily, the successful rollout of LeoVegas and ongoing momentum in Asia are key catalysts for future growth.
H1 FY26 results showed revenue up 38% year on year to $13.9 million and ARR up 34% to $24.6 million, but a statutory loss after tax of $0.391 million.
Gross margins declined due to lower-margin Asian publications, and net tangible assets per share fell significantly.
The Stake contract expires in May 2026, though RAS expects no material impact in FY26 and is focusing on regulated markets and Asia.
