Australia's RAS Technology hits over 7-month low as Stake contract renewal suspended

RAS Technology Holdings

18/12/2025 03:58

** Shares of Australia's RAS Technology Holdings RTH.AX fall as much as 22.3% to A$0.75, its lowest level since April 24

** Stock logs biggest intraday decline since February 2022

** Stock last down 20.2%

** Co, that provides data services to racing and wagering industries, says Complete Racing Solution contract with online betting platform, Stake will not be renewed at end of two-year term in May 2026

** Co says to continue focus on growth in Australia, UK, Europe, Americas, and the Middle East markets and accelerate growth in Racing and Sports Asia with expansion runway and opportunities

** Including session's moves, stock down 14.4% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))