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Ainsworth Game Technology Limited (ASX:AGI)

ALERT: Price-sensitive ASX Announcement for AGI
Current share price for AGI : $1.275 -0.225 (-15%)+
Announcement
Release
27 May 2026 8:29AM
Price at Release
$1.500
Full Release
download
Summary
Ainsworth Game Technology Limited held its 2026 AGM, reporting a revenue of $290.8 million for FY25, a 10% increase from the previous year, despite economic challenges and competitive pressures. The company emphasized the successful launch of the A-Star Raptor™ cabinet, which boosted sales, particularly in the Asia Pacific region. They maintained a focus on R&D, with considerable investment aimed at product innovation. The meeting included the re-election and election of several directors, and the decision to suspend dividends to conserve liquidity for ongoing product development. Financial performance was impacted by non-cash impairments and adjustments, resulting in a statutory loss, but underlying operations remained strong. A disciplined approach to growth and strategic initiatives was highlighted as the company navigated through a competitive market landscape.
Key Points
  • The annual general meeting took place on 27 May 2026.
  • Ainsworth Game Technology Limited reported revenue of $290.8 million for the financial year ended 31 December 2025.
  • The underlying EBITDA was $48.0 million, with a statutory loss due to various non-cash impairments and adjustments.
  • The A-Star Raptor™ cabinet was launched, contributing significantly to revenue growth, especially in the Asia Pacific region.
  • There was a noticeable increase in domestic and international revenues despite currency translation losses.
  • Re-election and election of directors, including the re-election of Mr. Graeme John Campbell and Dr. Haig Edwin Asenbauer, and the election of Ms. Birgit Hermine Wimmer and Mr. Samuel Lawrence Levy.
  • The focus remains on R&D with expenditures amounting to about 17% of group revenue.
  • Dividends were suspended to maintain liquidity and focus on product development.
  • The company remains committed to disciplined growth, operational accountability, and strategic initiatives.
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.