Bailador Technology Investments Ltd (ASX:BTI) has reported a $6.9 million net profit after tax for FY26 and declared a fully franked final dividend of 3.5 cents per share, following a year in which its technology portfolio delivered a positive return despite weakness across the broader sector.
The technology expansion capital fund generated a 2.8% portfolio return after fees and tax, while post-tax net tangible assets (NTA) per share increased by $0.06 year-on-year after adding back dividends and shares issued under its dividend reinvestment plan (DRP).
During the year, Bailador deployed $7.6 million into existing portfolio companies and realised $25 million in cash through a partial sale of its investment in SiteMinder.
Dividend delivers 9.5% grossed-up yield
The 3.5-cent final dividend represents an annualised yield of 6.7%, or 9.5% when grossed up for franking credits, based on BTI's closing share price on August 12, 2026.
The distribution forms part of Bailador's policy of paying regular dividends equivalent to 4.0% of pre-tax NTA annually.
BTI's DRP will operate for the dividend at a 2.5% discount to the volume-weighted average price over the 5 trading days from August 18 to August 24.
The dividend will trade ex-dividend on August 18, with a record date of August 19 and payment scheduled for September 7.
Co-founder and managing partner David Kirk said the result came during a challenging period for technology companies, with the ASX Information Technology 200 Index falling 37% during the year.
Portfolio companies continue growth
Bailador's portfolio companies generated about $735 million in revenue during FY26, with weighted revenue growth of 32%, recurring revenue of about 82% and gross margins of about 63%.
The fund invested a further $5 million in wealth technology platform DASH during the year, at a valuation 21% above its original entry price, while deploying $2.5 million into Rosterfy and $0.1 million into PropHero.
Updoc's valuation has increased by more than 120% since Bailador's initial $20 million investment in May 2024, while SiteMinder delivered annual recurring revenue growth of 29.7% to $280.3 million in H1 FY26 and became free cash flow positive. Bailador realised $25 million from SiteMinder shares at an average price of $7.21 in September 2025.
PropHero's carrying value was lifted by a further 16% to $21.3 million in June 2026, while Rosterfy recorded a 49.5% valuation uplift to $15 million during FY26 following continued business growth.
Outlook and next steps
Bailador said its portfolio remained conservatively valued relative to broader market multiples and believes its companies are positioned to benefit from increasing adoption of artificial intelligence.
Co-founder and managing partner Paul Wilson pointed to the portfolio's exposure to proprietary data, vertical software, regulated environments and mission-critical applications as areas that could support future value creation.
Further operational improvements are also planned across parts of the portfolio during FY27, including greater use of AI and automation.
About Bailador Technology Investments
Bailador Technology Investments is a growth capital fund focused on the information technology sector and managed by a team specialising in technology investments.