Ainsoworth Game Techonology reported Profit Before Tax (PBT) of $13.9m for H1CY25, similar to the $14.3m reported in the previous corresponding period ended 30 June 2024 (PCP).
The result was in line with the market guidance of approximately $14m provided on 12 May 2025. North America showed strong growth of 22 per cent, although Latin America fell by 16 per cent.
AGT’s Chairman Mr Danny Gladstone, commented “Despite the challenges encountered, the result for the current period was in line with our expectations. Development activities previously undertaken have ensured sustainable profitability, with revenue increasing 25.3% and 6.6% in the current period compared to the PCP and the prior half (H2CY24), respectively”.
The key market of North America maintained solid performance, contributing revenue of $83.1m, a 22 per cent increase on the PCP and representing 55 per cent of total revenue. This performance and continued commercialisation of the released titles Triple Troves and Coin Kingdom across multiple states in North America has provided new placement opportunities.
The Latin American segment revenue fell by 16 per cent in the current period compared to the prior half (H2CY24), despite an increase in recurring revenue of nine per cent. This lower revenue was a result of the challenging economic conditions in this region and import restrictions persisting within Mexico. In addition, and as previously highlighted, the online segment revenue in the current period reflected the previous changes to the exclusivity arrangements with Game Account Network (GAN) in the PCP.
International revenues accounted for 80 per cent of the Group’s total revenue in the current period, compared to 86 per cent in the PCP as a result of the stronger domestic revenue contributions. Recurring revenues (including Historical Horse Racing (HHR) connection fees) were $50.7m in the current period, consistent to the $48.9m in the PCP. Total machines under gaming operation at 31 December 2024 were 6,649, a decrease on the 6,871 units at 31 December 2024, resulting from the reduction in Latin America as units were converted from operation to sale.
North America revenue in the current period was $83.1m, an increase of 22 per cent and five per cent on the PCP and the prior half, respectively. Revenue in the current period on a constant currency basis was $79.6m, similar to the $79.1m in H2CY24. The A-Star Raptor cabinet continues to perform with titles from the Triple Troves and Coin KingdomTM families.
Machines placed under participation and lease and HHR connection fees, which generate recurring revenue, contributed 47 per cent of segment revenues. Machines under operation in North America at the reporting date were consistent at 2,961 with the 3,015 units at the Prior Half. Historical Horse Racing (“HHR”) products continue to perform with 10,496 units connected to AGT’s HHR system at the reporting date following new installations and expansions in Virginia, Wyoming, New Hampshire and Kentucky during the current period. Strong average selling prices and recurring revenues, along with disciplined cost controls, resulted in a rise in segment profit to $36m versus $32.6m in the PCP.
Segment profit margins achieved were 43 per cent, consistent with the 45 per cent in the prior half. Revenues of $31.6m were achieved in Latin America/Europe in the current period, compared to $29.3m in the PCP, however a reduction of 16 per cent on the $37.5m in the prior half. As noted, the reduction in revenue resulted from the challenging economic conditions within the region and continued import restrictions within Mexico. Demand continues to grow for the A-STAR range of cabinets with Xtension Link and Sa Fa being consistently top performing products in the region. At 30 June 2025, a total of 3,688 units were under operation, generating $11.3m in recurring revenue, a reduction of seven per cent on the PCP, however a nine per cent increase compared to the prior half, with the average yield being maintained at US$12 per day.
AGT’s Asia Pacific (Australia, New Zealand, and Asia) performance was significantly improved in the period following the release of the A-Star RaptorTM cabinet in February 2025. Revenue was $34.6m, an increase of 81 per cent on the $19.1m in the PCP. The region achieved 1,049 unit sales in the period, a 90 per cent increase on the PCP. Average selling prices were maintained at $25.9,000, consistent with the PCP. Segment profit improved to $7.9m (23 per cent), compared to $1.6m (eight per cent) in the PCP. The successful launch of the A-Star Raptor cabinet within domestic markets received positive feedback from our customers similar to other markets where this product has been released. Product performance of titles launched on the A-Star Raptor, including Year of the Snake, Nugget Hunter and Eagle Riches which have consistently performed above house average. Further releases are expected, ensuring a strong portfolio of products developed on this new hardware.
The online segment reported revenue of $2.8m, a reduction on the $5.1m in the PCP and
consistent with the $2.5m in the prior half. As previously noted, this segment was impacted by
changes to the exclusivity arrangements with Game Account Network (GAN), including the acceleration
of revenue in the PCP.
Harald Neumann, AGT’s Chief Executive Officer commented: “We continue to execute on established strategies and capitalise on opportunities that emerge. The investments made have enabled us to upgrade our technology, hardware and continue to improve game performance which are expected to ensure we maintain our position in a highly competitive and consolidating market.”
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Ainsoworth Game Techonology reported Profit Before Tax (PBT) of $13.9m for H1CY25, similar to the $14.3m reported in the previous corresponding period ended 30 June 2024 (PCP). The result was in line with the market guidance of approximately $14m provided on 12 May 2025. North America showed strong growth of 22 per cent, although Latin…
The post Ainsworth Game Technology sees profit fall slightly but North America shows strong growth appeared first on G3 Newswire.