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Ainsworth Game Technology Limited (ASX:AGI)

ALERT: Price-sensitive ASX Announcement for AGI
Current share price for AGI : $1.100 -0.005 (-0.45%)+
Announcement
Release
26 Aug 2026 9:33AM
Price at Release
$1.105
Full Release
download
Summary
Ainsworth Game Technology Limited (AGT) reported a significant decrease in profit for H1CY26, with underlying profit before tax dropping to $4.7 million, and revenue decreasing by 23% compared to the prior year. Despite the revenue decline, AGT improved its gross margin through tariff refunds and higher selling prices in key markets. The company launched a new HHR system named QuBet and introduced innovations like the A-Star Raptor cabinet series, aiming to enhance its market presence, particularly in North America. AGT continues to prioritize liquidity for development investments, keeping dividends suspended to ensure financial flexibility.
Key Points
  • Ainsworth Game Technology (AGT) reported a decrease in underlying profit before tax to $4.7 million for H1CY26, compared to $13.9 million in the previous corresponding period.
  • Total revenue for the period dropped by 23% compared to the previous year, with domestic revenue increasing but international revenue decreasing.
  • Despite lower revenue, the gross margin improved due to tariff refunds and higher average selling prices in Asia Pacific and North America.
  • EBITDA decreased from $26.9 million in the previous period to $17.1 million, with a margin compression from 17.7% to 14.7%.
  • A new HHR system, QuBet, was launched in 2026, expected to contribute to recurring revenue streams.
  • Key product releases include the A-Star Raptor cabinet series, with new titles and innovations like the Hybrid Technology for dual-screen content.
  • AGT's strategy includes expanding its market share in North America through new game releases and leveraging partnerships with major operators.
  • The company is focusing on rebuilding operator confidence and expanding its digital footprint through its omnichannel strategy.
  • AGT aims to maintain liquidity for investment in product development, thus dividends remain suspended.
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.