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RAS Technology Holdings Limited
(Sydney:RTH)
RAS Technology Holdings Limited (RTH) vs. iShares MSCI Australia ETF (EWA)
RAS Technology Holdings Limited Business Overview & Revenue Model
RAS Technology Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.27M | 21.27M | 16.18M | 11.72M | 8.33M | 5.29M |
| Gross Profit | 9.74M | 9.74M | 4.35M | 1.59M | 8.33M | 3.35M |
| EBITDA | 1.84M | 1.84M | 543.00K | -1.00M | -2.83M | 2.63M |
| Net Income | 526.00K | 526.00K | -381.00K | -1.30M | -2.99M | 1.58M |
Balance Sheet | ||||||
| Total Assets | 21.82M | 21.82M | 19.47M | 18.04M | 18.29M | 18.23M |
| Cash, Cash Equivalents and Short-Term Investments | 5.67M | 5.67M | 8.35M | 8.68M | 10.77M | 2.05M |
| Total Debt | 454.00K | 454.00K | 785.00K | 1.09M | 1.14M | 630.00K |
| Total Liabilities | 7.38M | 7.38M | 6.87M | 5.46M | 4.46M | 4.00M |
| Stockholders Equity | 14.43M | 14.43M | 12.60M | 12.58M | 13.83M | 14.23M |
Cash Flow | ||||||
| Free Cash Flow | 2.94M | 2.94M | -30.00K | -1.93M | -3.80M | 1.83M |
| Operating Cash Flow | 3.04M | 3.04M | 2.31M | 64.00K | -1.72M | 2.95M |
| Investing Cash Flow | -6.94M | -6.94M | -2.34M | -1.91M | -2.08M | -1.12M |
| Financing Cash Flow | 1.02M | 1.02M | -305.00K | -236.00K | 12.52M | -728.00K |
RAS Technology Holdings Limited Technical Analysis
RAS Technology Holdings Limited Peers Comparison
RAS Technology Holdings Limited Corporate Events
RAS Technology Holdings Limited has reported a change in the interests of director Gary Crispe, as required under ASX listing rules. According to the notice, Crispe has been issued 108,750 unlisted performance rights for nil cash consideration, increasing his holding from 299,698 to 408,448 unlisted performance rights while maintaining 8,174,481 fully paid ordinary shares; the issue was made in line with shareholder approval granted at the company’s 21 November 2025 annual general meeting, highlighting ongoing use of equity-based incentives to align director remuneration with shareholder interests.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited has issued 285,000 unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The grant of these performance rights, effective 19 December 2025, reflects the company’s continued use of equity-based remuneration to attract, retain and incentivise staff, aligning employee rewards with long-term company performance and potentially leading to future share dilution for existing shareholders if the rights vest and are exercised.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited (ASX: RTH) has announced that its Complete Racing Solution contract with Stake will not be renewed when it concludes in May 2026. The non-renewal is not expected to have a material financial impact, with the company showcasing confidence in its future by citing a robust pipeline and a strategic focus on developing opportunities in international regulated markets, particularly in Asia. RAS emphasizes significant growth potential in these areas, bolstered by a new contract with LeoVegas Group, enhancing its position in the global racing and wagering industry.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited has announced a change in the interest of its director, Gary Crispe, in the company’s securities. The company reported that Crispe sold 41,014 fully paid ordinary shares on the market, reducing his direct holding to 8,174,481 shares while maintaining 299,698 unlisted performance rights. This transaction may reflect personal financial planning by the director and does not indicate any major strategic shift within the company.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited announced the issuance of 73,313 fully paid ordinary shares following shareholder approval at the 2025 Annual General Meeting. This move is part of the company’s strategy to enhance its market positioning and operational capabilities, potentially impacting its stakeholders by increasing the liquidity of its shares on the ASX.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited announced the results of its Annual General Meeting held on November 21, 2025, where all resolutions were passed. These included the adoption of the remuneration report, election of a new director, and approval of various LTIP rights grants, indicating a strong shareholder support for the company’s strategic decisions. The approval of a 10% placement facility further positions RAS for potential growth and expansion opportunities, reflecting confidence in its future prospects.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited reported a strong financial performance for FY25, with a 31% increase in total revenue to $21.3 million, driven by market expansion and new product launches. The company’s acquisition of Hong Kong-based businesses has established a significant presence in Asia’s wagering market, providing a platform for regional growth. In Europe, RAS has strengthened its position through exclusive partnerships, notably with Pragmatic Play, enhancing its market credibility and service offerings.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited reported significant growth in the past financial year, with revenue increasing by nearly one-third to $21.3 million and achieving a second consecutive year of positive profit before tax. The company’s strategic investments, including a $4.1 million acquisition in the Hong Kong market, have positioned it for regional growth and enhanced its technological capabilities. As the wagering industry undergoes structural changes, RAS is focused on leveraging its recent investments to deepen its market presence, particularly in Asia, and continue developing differentiated technology and service offerings.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited announced that Managing Director and CEO Stephen Crispe, along with Executive Director Gary Crispe, plan to sell a combined 478,066 shares in the company for personal reasons, including tax obligations. Despite this sale, they will retain a significant shareholding of over 8 million shares. The sale is being conducted in tranches to ensure an orderly process, with an initial portion already sold on the market.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited has announced a change in the director’s interest in securities. Stephen Crispe, a director of the company, has converted a significant number of unlisted performance rights into fully paid ordinary shares following the achievement of performance hurdles, while also selling some shares on the market and allowing some unlisted performance rights to lapse due to unmet performance conditions. This change reflects an adjustment in the director’s investment strategy and could impact stakeholders’ perception of the company’s performance and governance.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited has announced the issuance of 1,086,872 fully paid ordinary shares. This move, made without disclosure to investors under the Corporations Act, signifies the company’s compliance with relevant legal provisions. The issuance of shares is part of RAS’s strategic financial maneuvers, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.
RAS Technology Holdings Limited has announced the quotation of 1,086,872 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 7, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its market position and providing more opportunities for stakeholder engagement.
The most recent analyst rating on (AU:RTH) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.