Bailador Technology Investments (BTI) investor relations material

Executive summary

• Declared a final fully franked dividend of 3.5 cents per share, with a grossed-up yield of 9.5% for FY26, reflecting a strong commitment to shareholder returns.

• Achieved a post-tax NTA of $1.61 per share and a 2.8% post-tax portfolio return, net of all costs, for FY26.

• Portfolio companies generated $735m in combined revenue, growing 32% year-over-year.

• $7.6m deployed into existing portfolio companies to support growth, and $25m cash realised from partial sale of SiteMinder.

• Outperformed the broader Australian tech market, which saw significant declines.

Financial highlights

• Profit after tax for FY26 was $6.9m, down from $19.3m in FY25, primarily due to lower change in value of portfolio assets.

• Net assets at year-end were $242.8m, with net assets per share (post-tax) at $1.61.

• Cash position at year-end was $14.1m, with $28m cash realised during the year.

• Dividend reinvestment plan (DRP) active at a 2.5% discount.

• Portfolio companies achieved ~63% gross margin and ~82% recurring revenue.

Outlook and guidance

• Ongoing commitment to pay 4% of pre-tax NTA as fully franked dividends annually.

• Portfolio remains conservatively valued with significant upside potential, especially as markets better understand AI winners.

• Portfolio is well positioned to benefit from AI trends, with high proprietary data and verticalised software.

• Confidence in continued strong value as markets better value AI-forward technology businesses.