Ainsworth Game Technology expects to report an 11 per cent drop in revenue for the second half of 2025 and a drop in full-year underlying profit.
Revenue in H2 2025 is expected to drop to A$135.4 million from A$152.1 million a year ago, reflecting a reduction in installed Video Lottery Terminal units and lower associated average yield per day in North America.
This offset continued momentum within the APAC region and a modest increase in Latin America versus the first half of the year, the company said in a trading update on Monday.
For the full year, revenue is expected to be 9 per cent higher at approximately A$287.8 million and underlying profit before tax is expected to be in the region of A$21.5 million, excluding currency and one-off items. This compares to underlying profit before tax of A$23.2 million in FY24.
Underlying profit before tax in the second half of 2025 is expected to be A$7.6 million.
Underlying EBITDA for FY25 is expected to be approximately A$48.0 million compared to A$48.2 million in 2024, with H2 FY25 contributing approximately A$21.1 million compared to the reported A$26.9 million in the first half of 2025.
Ainsworth remains the subject of a protracted battle between Novomatic and Kjerulf Ainsworth, the son of Ainsworth Game Technology founder Len Ainsworth.
Novomatic has offered A$1.00 per share to Ainsworth shareholders in its bid to acquire full control of the company, while Kjerulf Ainsworth is offering A$1.30 per share to acquire 2.9 per cent of each Ainsworth shareholder’s total shares, for a total shareholding of 9.9 per cent.
Shares in Ainsworth Games Technology Ltd. (ASX:AGI) closed 0.50 per cent lower at A$1.00 per share in Sydney Tuesday.