RAS Technology Holdings Limited
AASX:RTH1.02
AUD
+0.01
(+1.00%)
RAS Technology Holdings Limited
ASX:RTH
(Australian Securities Exchange)
Recent
price
1.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- RAS Technology Holdings Limited operates primarily as a provider of fully integrated premium data, enhanced content, SaaS solutions, and digital and media services tailored to the global racing and wagering industries. Its core offerings include wholesale data and content distribution; wagering technology and services such as the Trading Manager Platform (a SaaS product delivering wagering operation automation) and Managed Trading Services (full turnkey outsourced wagering solutions); specialist data services; digital and media content; and consulting and integrity services. The company leverages a comprehensive database with over 15 billion data points to deliver advanced analytics, predictive animations, infographics, and visualizations aimed at enhancing customer experience and wagering engagement. Its client base spans racing bodies and authorities, wagering operators, media and digital organizations, retail, and private customers. RAS operates across multiple geographic regions, including Australia, the United Kingdom, the United States, Asia, and other international markets, generating most revenue from Australia. Founded in 1999, the company is headquartered in Kingston, Australia. Recent major developments include a strategic acquisition in Hong Kong finalized in April 2025, involving six established racing data and editorial publications, which contributed approximately AUD 1.1 million to its annualised recurring revenue (ARR), raising ARR to AUD 21.1 million. This expansion integrates multiple Hong Kong Jockey Club-related publications and enhances RAS’s presence in the Asian market, boosting recurring revenue streams. The company also secured several new contracts and extended existing agreements throughout 2024 and 2025, including an upgraded long-term deal with SKY Racing for expanded content distribution and a new agreement with Sportsbet to provide data and content for additional jurisdictions. Early in fiscal year 2025, RAS received a strategic investment of AUD 1.36 million from Waterhouse VC, supporting broader growth and option partnerships. These strategic moves reflect RAS Technology's focus on expanding market share, enhancing technology offerings, and scaling its international footprint. In summary, RAS Technology Holdings Limited is a leading integrated data and technology provider in the racing and wagering sectors, offering a wide portfolio of data services, wagering technology platforms, digital media products, and consulting services worldwide, with significant recent growth driven by acquisitions, contract expansions, and strategic partnerships. The company’s robust technology and data capabilities underpin its growth and market position globally.