Australia-listed casino slot machine maker Ainsworth Game Technology Ltd says it has received refunds amounting to US$2.7 million toward the value of tariffs it previously paid in the United States under that country’s International Emergency Economic Powers Act (IEEPA).
A Friday filing to the Australian Securities Exchange stated: “As a result of this… the company now expects to report for first-half calendar-year 2026, total revenue of approximately AUD116 million [US$80.4 million].”
Ainsworth Game added that the return of funds arose from a February 20 decision of the U.S. Supreme Court saying IEEPA “does not authorise” the U.S. administration of President Donald Trump to impose tariffs.
“As a result, the IEEPA tariffs were declared unlawful and the company applied for refunds of previously paid IEEPA tariffs,” stated the gaming technology firm.
Ainsworth Game noted funds had been reimbursed on Tuesday (June 30) to its U.S. subsidiary, Ainsworth Game Technology Inc.
The amount represented “substantially all of the tariffs previously paid under IEEPA,” it indicated, without mentioning the value of the balance.
The slot maker stated: “This refund was not included in the trading update released on May 22, 2026 due to the uncertainty regarding both the timing of recovery and the quantum of amounts ultimately recoverable under the IEEPA tariff refund process.”
Post the refund, the technology supplier now expects first-half calendar-year 2026 underlying profit before tax to be circa AUD5 million, and earnings before interest, taxation, depreciation and amortisation (EBITDA) to stand at AUD17 million. Both estimates exclude currency impacts and one-off items.
Ainsworth Game also now anticipates positive cash flows from operations for the relevant period to be circa AUD8 million, resulting in net debt decreasing to approximately AUD8 million compared to AUD11.8 million as of December 31, 2025.
“The reduction in net debt was attributable to the IEEPA tariff refunds as outlined… and stronger cash collection than anticipated.”
Its actual results are still subject to review, it mentioned, adding its first-half calendar-year 2026 numbers would be released “on or around” August 25.
In May, Ryan Comstock, recently confirmed as Ainsworth’s permanent chief executive, said “organisational changes” implemented in the latter part of 2025 were likely to have had an impact on results for the six months to June 30 this year.
