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Ainsworth Game Technology Limited (ASX:AGI)

ALERT: Price-sensitive ASX Announcement for AGI
Current share price for AGI : $1.153 -0.153 (-11.69%)+
Announcement
Release
22 May 2026 8:37AM
Price at Release
$1.305
Full Release
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Summary
Ainsworth Game Technology Limited announced a trading update for the first half of calendar year 2026, projecting a significant decrease in profit and revenue compared to the previous year. The expected profit before tax is approximately $1.0 million, with total revenue anticipated to be $116 million, reflecting a 24% decline. This downturn is largely attributed to reduced sales in North America amid increased competition and economic challenges. The APAC region, however, is showing growth, contributing 31% of the total revenue. The company emphasizes ongoing investment in research and development, which has increased by 7% and is expected to account for 22% of total revenue. Despite a decrease in underlying EBITDA to $13 million from $26.9 million, the company plans to maintain positive cash flows from operations. Strategic changes and leadership updates are underway to address financial challenges and enhance market performance.
Key Points
  • Ainsworth Game Technology Limited expects a profit before tax of approximately $1.0 million for H1CY26.
  • Total revenue for H1CY26 is projected to be $116 million, a decrease of 24% compared to the previous corresponding period.
  • The North American market faced revenue shortfalls due to reduced sales and competitive challenges.
  • The APAC region showed improvement, contributing 31% of total revenue and expected to see a 4% revenue increase.
  • Investment in research and development increased by 7%, expected to account for 22% of total revenue.
  • Underlying EBITDA for H1CY26 is expected to be $13 million, down from $26.9 million in the previous period.
  • Net debt is projected to increase to approximately $14 million by 30 June 2026.
  • The company is undergoing strategic changes including new leadership and a revised sales strategy in North America to address financial challenges.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.