Bailador Technology profits surge amid strong portfolio growth

Bailador Technology Investments (ASX:BTI) has kicked off 2026 on a high note, releasing a set of interim financial results for the half-year ended Dec. 31, 2025.

The expansion capital fund reported a significant net profit after tax of $23.2 million, marking a substantial increase from the $17.5 million recorded in the previous corresponding period.

The growth is underpinned by stellar performance across its diverse portfolio, highlighted by a 37.2% rise in SiteMinder’s share price and a massive 45.6% valuation jump for PropHero.

Bailador declared an interim fully-franked dividend of 3.9 cents per share.

When annualised, this represents a healthy grossed-up yield of 8.9%.

Shareholders also have the option to participate in a dividend reinvestment plan, which currently offers a 2.5% discount.

The fund's net tangible asset per share rose by $0.12 over the period to reach $1.76, reflecting the underlying health of its private and public tech investments.

The report emphasises the high-quality nature of BTI’s portfolio companies, which boast an aggregate revenue growth of 42% and a striking ~85% recurring revenue model.

Strategic liquidity was also a theme this half, with the company realising $25 million in cash through a partial sale of its stake in SiteMinder.