The draw for round 2 involved 88 association clubs (level 5) and was announced in February 2024. Clubs from NSW League One and League Two were drawn in round 3.[2] The draw for round 4 was announced in March and included teams from the National Premier Leagues NSW.[3] Youth teams of the A-League Men were not eligible to participate in the cup.[4]
Rockdale played against NWS Spirit in the semi-final, having won their first head-to-head match over the latter in the 2024 league season.[7] Rockdale competed in their third cup appearance and for their first cup title. Spirit are previous cup winners, claiming the trophy in 2022, and appeared for their second Waratah Cup campaign.[6][7] Blacktown City played against APIA Leichhardt in the semi-final. Both sides have won the cup five times and won once in the clashes between them during the 2024 league season.[8]