Australia-listed slot machine maker Ainsworth Game Technology Ltd reported a net profit of just over AUD30.3 million (US$19.2 million) for calendar year 2024. That compared with a net loss of AUD6.5 million a year before.
Ainsworth said in a Tuesday filing to the Australian Securities Exchange that its group-wide revenue had however declined by 7.3 percent year-on-year, to AUD264.1 million.
Underlying earnings before interest, taxation, depreciation and amortisation for 2024 were AUD48.2 million, compared to AUD59.0 million in the previous year.
The company said its North America segment “showed the strongest performance”, contributing revenue of AUD147.0 million, a 4.7-percent increase year-on-year.
Ainsworth’s 2024 Asia-Pacific segment – which it defines as “Australia, New Zealand and Asia” – had a “lower” performance than the previous year “as competitive market conditions continued,” the firm said in its results materials. Revenue for the segment was AUD42.7 million, a decrease on the AUD48.8 million in full-year 2023.
Asia-Pacific generated 1,406 unit sales in 2024, down 9.0 percent year-on-year, with Australia representing 1,308 of the total, said the company. The decline in units sold was “mainly contributed from Asian sales”.
Average machine selling prices in the Asia-Pacific region were circa AUD24,700, a “slight decline” of 2.4 percent in year-on-year terms, “due to discounts to achieve runout of inventory of previous generation models prior to the launch of the A-Star Raptor cabinet in February 2025,” said Ainsworth.
Profit for the Asia-Pacific segment declined to AUD2.7 million, compared to AUD3.4 million in full year-2023.
Austrian gaming equipment supplier Novomatic AG controls Ainsworth.
Ainsworth’s chairman, Danny Gladstone, was cited as saying of the latest results: “I am confident that the previously implemented actions undertaken, and the investments made, [have] placed us in a position to ensure improvements in the group’s financial results in the coming year”.
Harald Neumann, Ainsworth’s chief executive, was quoted saying in a summary of the latest results: “The investments we have made have enabled us to upgrade our technology, hardware and continue to improve game performance.” It was expected this would “ensure [Ainsworth’s] long term sustained success,” the CEO added.
The firm said dividends “remain suspended, to maintain strong liquidity, enabling the company to invest in research and development to deliver competitive products.”
