6 RACING AUSTRALIA ANNUAL REPORT 2025 During the 2025 Financial Year we took the first steps in our long term plan to deliver significant improvements in systems and services for the thoroughbred racing industry. Whilst there was continuing improvements in traceability, data integrity and cyber security, Racing Australia mapped out a three step plan to deliver fit for purpose, modern systems in which all interactions are conducted fully on-line. In short the plan entails: 1. Migration of all Racing Australia systems from the onpremise data centre to the Oracle Cloud Infrastructure. 2. Rationalisation and upgrade of communications and cyber security systems. 3. Engagement of an external development partner to collaborate in the specification and build of a new system. The planned re-release of the MHR system was shelved as it became clear that it would not deliver a stable platform that could support the industry long term. During the period we have continued our focus: • To support the operations of the Thoroughbred Industry (racing and breeding) • To support the maintenance of employment within the industry • To ensure equine welfare retained prominence I take this opportunity to congratulate and thank all Racing Australia staff, especially the senior management team, who have worked hard to ensure we continue to provide uninterrupted services to the Australian Racing and Breeding Industries. FINANCIAL RESULTS The 30 June 2025 consolidated result inclusive of depreciation, amortisation and impairment expense was a surplus of $2.206 million compared to a deficit of $0.259 million the previous financial year 30 June 2024. This surplus reflects a return to standard operations following the prior year recognition of the $2.356 million impairment against the carrying value of the New Zealand development work. Exclusive of depreciation, amortisation and impairment expenses the consolidated result for 30 June 2025 was $4.895 million versus $4.667 million at 30 June 2024. Cash reserves increased from $13.416 million at 30 June 2024 to $14,889 million at 30 June 2025. OPERATIONS Racing Australia continued to invest in its internal systems and the ongoing development of systems to support the industry. Specific projects that were completed or commenced in the period targeted improvements to the stability, reliability and security of Racing Australia’s systems and, in addition to the move to the Oracle Cloud Infrastructure, included: • Finalisation of the upgrade of all core operating systems to current standards to deliver improved performance, reliability and security. • Upgrade of the core Oracle database from version 11g (no longer supported) to the current version 19c with the opportunity to migrate to the AI capable Oracle Autonomous database. CHIEF EXECUTIVE OFFICER’S REPORT During the 2024 – 2025 year, Racing Australia continued to focus on traceability, data integrity and cyber security, while setting the foundations for the modernisation and rebuild of the systems supporting the operation of the Thoroughbred Racing Industry.
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