Ainsworth Game Technology (AGI) Trading update summary

Financial performance and outlook

• Profit before tax (excluding currency and one-offs) for H1CY26 expected at $1.0 million, down from $13.9 million in the prior period.

• Total revenue forecasted at $116 million, a 24% decrease year-on-year, mainly due to lower North American sales.

• Underlying EBITDA expected at $13 million, down from $26.9 million in the prior period.

• Net debt projected to rise to $14 million, with positive operating cash flow of $2 million.

• Undrawn debt facilities remain available to support operations and initiatives.

Regional performance

• APAC revenue expected to increase by 4% year-on-year, now contributing 31% of total revenue.

• Segment result in APAC to improve to 25%, up from 23% in the prior period.

• Latin America/Europe revenue to decline by 13%, but with improved segment margins.

• North America faced revenue shortfalls due to reduced sales and competitive pressures.

Strategic initiatives and management response

• New sales and product strategy leadership appointed in North America to address performance.

• Ongoing review of business areas to reduce costs, improve product performance, and gain market share.

• Continued investment in R&D, up 7% year-on-year, now representing 22% of total revenue.

• Australian revenue improvements attributed to new product releases and installations.