Australia-listed slot machine maker Ainsworth Game Technology Ltd expects its full-year profit to be down 7.3 percent year-on-year, at AUD21.5 million (US$14.2 million), compared to AUD23.2 million a year earlier.
Factors included that “the key market of North America is expected to report a reduction in revenue of approximately 20 percent” in the second half of 2025 compared to the first six months this year, the firm said in a Monday filing to the Australian Securities Exchange.
Nonetheless for the Asia-Pacific region, revenue contributions in the second half of 2025 “are expected to be broadly consistent to first half, following the increased revenue achieved in first half following the launch of the A-Star Raptor [slot cabinet] in February 2025”.
Last week Ainsworth’s majority owner, Austrian gaming equipment supplier Novomatic AG, said it had again extended – this time by nearly two months, to January 30 – the deadline on its takeover bid for the Australian company.
In its latest filing, Ainsworth said its underlying profit before tax for the six months to December 31 was likely to be AUD7.6 million, down 45.3 percent on the AUD13.9 million reported in the first half of 2025.
Revenue for full-year 2025 was expected to be approximately 9 percent higher compared to the prior calendar year, “which includes the increase experienced in the first half of financial year 2025,” said Ainsworth.
Its update added: “The company advises that despite continued momentum within Asia Pacific being maintained and an increase within Latin America, revenue in the second half of 2025 is expected to be approximately 11 percent down compared to the AUD152.1 million reported in the first half.”
The firm stated that the 20 percent North America revenue reduction for the second half this year was “primarily due to the sales timing of video lottery terminal units and distributor purchases which were not repeated in the second half, resulting in lower outright sales”.
Ainsworth also noted: “Participation revenue also contributed to the decline in revenue in North America in the second half, as a result of a reduction in installed units and lower associated average yield per day on these units”.
Latin America “showed a modest increase” in revenue in the second half compared to the first, “despite challenging environments, predominantly within Mexico,” Ainsworth outlined.
It said a recently-announced increase in gaming taxes there, to be introduced in January 2026, and “the closure of venues resulting from the ongoing anti-money laundering investigations,” had “created increased uncertainties with venue operators”.
Ainsworth said its reduced unit sales expected in the second half resulted in increased inventory.
“The company will utilise its secured bank loan facility with Western Alliance Bancorp to fund these short-term working capital requirements,” stated the slot maker.
Ainsworth also noted it “continues to progress its investment in research and development, which is expected to represent 17.5 percent of total revenue for financial year 2025”, compared to 16.0 percent in the first six months of 2025.
Underlying earnings before interest, taxation, depreciation, and amortisation (EBITDA) for financial year 2025 were expected to be “approximately AUD48.0 million” compared to AUD48.2 million in the prior calendar year, with the second half of 2025 contributing “approximately AUD21.1 million compared to the reported AUD26.9 million in the first half”.
