Australian gaming machine manufacturer Ainsworth Game Technology says that it’s expecting a significant reduction in underlying profit before tax (PBT) for the second half of the year, totaling just AU$7.6 million ($5.05 million), compared to AU$13.9 million ($9.24 million) in the first half of the year.
Underlying PBT for the whole year is expected to total AU$21.5 million ($14.3 million), down slightly from AU$23.2 million ($15.42 million) in FY24.
Revenue for the full-year is expected to rise by 9 percent, however the second-half figure is expected to fall by 11 percent compared to the AU$152.1 million ($101.06 million) in 1H25.
The group notes that this is ‘despite continued momentum within APAC being maintained and an increase within LATAM’.
The group indicated that APAC’s contribution during the 2H25 ‘are expected to be broadly consistent’ to the first half, which was boosted by the February launch of the group’s A-Star Raptor cabinet’.
Latin America ‘maintained and showed a modest increase in revenue’ during the six-month period compared to 1H25.
However, the ‘key market of North America is expected to report a reduction in revenue of approximately 20 percent’ in 2H25 compared to the previous period, primarily due to sales of Video Lottery Terminal (VLT) units in 1H25 which were not repeated in the second half. ‘Participation revenue also contributed to the decline in revenue in North America,’ in 2H25 due to a reduction in the installed units and lower average yield per day of those units.
Overall, the group’s reduction in unit sales in the second half ‘have resulted in increased inventory holdings’, with the company to dip into its bank loan facility with Western Alliance Bancorporation to ‘fund these short-term working capital requirements’.
