For the first half of 2025, Ainsworth Gaming Technology (AGI) forecast profit before tax at $14m – matching its last year’s performance in the same period.
The Australian-listed gaming supplier now projects a 6% revenue increase in comparison to the second half of 2024. The numbers are yet to be finalised and require a closure and audit review.
Chairman Danny Gladstone said: “The expected result outlined above is in line with our expectations… offset against ongoing challenging conditions in our international markets and an increased cost base and continued investment to support our revenue growth.”
Ainsworth’s global operations received mixed regional performances. However, stability in overall profit was unaffected due to the strong results heavily outweighing the negative ones.
Australia was the predominant driver in revenue growth, following the February launch of Ainsworth’s Raptor cabinet, helping to offset challenges in international markets.
Import restrictions in Mexico continued causing volatility, creating challenges in both Latin America and Europe.
North American revenue remained strong year-on-year and when adjusted for currency fluctuations, the numbers remained flat.
Europe and Latin America struggled, with revenue dropping around 14% compared to the second half of 2024.
R&D investment total revenue was consistently at 17%. Underlying EBITDA (excluding currency impacts) should match last year’s reported $26.8m.
Alongside the financial update, Ainsworth reminded shareholders about the pending acquisition offer. The company’s majority shareholder, Novomatic AG, has proposed buying all remaining shares it doesn’t already own.
An Independent Board committee has established that, to assess this offer, it recommends that shareholders vote in favour. This recommendation stands unless a better offer emerges or the independent expert determines that it’s not in the shareholders’ best interests. The recommendation follows AGI’s market announcement from 28 April 2025.
Currently, 52.9% of Ainsworth’s shares are owned by Novomatic AG. The acquisition agreement was announced in April 2025 and is expected to close upon the conclusion of Q2 2025. The deal has valued Ainsworth stock at $1.00 per share.
Earlier last month, Novomatic secured a UAE licence, becoming one of the first suppliers to the nation’s market, following Wynn Resorts becoming the first supplier to receive a gaming licence in the country.
Additionally, Novomatic extended its Dutch gaming vendor licence by 10 years as part of its ongoing expansion efforts. The operator has also gone on record to state that Ainsworth’s US and Asia-Pacific presence are strategic assets part of its growth ambitions.
Stefan Krenn, Novomatic Member of the Executive Board, said: “As a long-term shareholder, we are familiar with the business and believe that integrating Ainsworth into our operations is in the best interest of this strategy. We look forward to welcoming the highly qualified and experienced Ainsworth employees into the Novomatic family to become part of our international growth and success.”
