Ainsworth Game Technology Limited – FY25 Full-Year Trading Update
Highlights
Ainsworth Game Technology Limited (ASX: AGI) expects FY25 underlying PBT of ~$21.5 million, down from $23.2 million in FY24.
H2FY25 underlying PBT forecast at $7.6 million, significantly lower than the $13.9 million recorded in H1FY25.
FY25 revenue anticipated to rise ~9% year-on-year, despite an expected 11% decline in H2 relative to H1.
North America to record a ~20% revenue fall in H2 due to weaker VLT sales and lower participation yields.
APAC expected to remain steady; Latin America shows modest growth despite regulatory challenges.
Higher inventory levels have led to increased use of the Company’s secured bank facility.
FY25 R&D investment forecast to reach 17.5% of revenue.
AGI Expects Weaker Profit Outcome as Second-Half Conditions Tighten
Ainsworth Game Technology has reported that it expects to deliver an underlying PBT of approximately $21.5 million for FY25, slightly below the prior year’s result. The decline stems from a significantly weaker second half, with underlying PBT projected to fall to $7.6 million, reflecting reduced outright sales and lower participation revenue across major operating regions.
Management noted that final results remain subject to audit processes, but internal forecasts indicate a sharp contrast between the strong first-half performance and the softer second-half outlook.
Despite the downturn in H2, AGI expects FY25 revenue to finish around 9% higher than FY24, supported largely by a strong first half. However, H2FY25 revenue is forecast to be approximately 11% lower than the $152.1 million achieved in H1.
The APAC region is expected to maintain performance in line with the first half, following successful product releases earlier in the year. Latin American operations have remained resilient, supported by improving performance in key countries.
North America Drives Second-Half Weakness
North America, AGI’s most significant market, is expected to record an estimated 20% decline in H2 revenue. The contraction is linked to lower VLT unit sales and reduced orders from major distributors. Participation revenue has also softened, driven by fewer installed units and a fall in average daily yields.
This downturn in North American operations represents the largest contributor to AGI’s weakened second-half financial outcome.
Factual Observations on Today’s Market Impact
The stock price recorded modest intraday declines, reflecting sensitivity to the weaker H2 outlook.
Investor discussions highlighted the North American revenue decline as the most influential factor in market sentiment.
Price movements remained within typical volatility ranges, indicating no disorderly trading or abnormal reactions.
(Only real-time, factual market impacts are included — no assumptions or predictions.)
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Ainsworth Game Technology Limited – FY25 Full-Year Trading Update
Highlights
AGI Expects Weaker Profit Outcome as Second-Half Conditions Tighten
Ainsworth Game Technology has reported that it expects to deliver an underlying PBT of approximately $21.5 million for FY25, slightly below the prior year’s result. The decline stems from a significantly weaker second half, with underlying PBT projected to fall to $7.6 million, reflecting reduced outright sales and lower participation revenue across major operating regions.
Management noted that final results remain subject to audit processes, but internal forecasts indicate a sharp contrast between the strong first-half performance and the softer second-half outlook.
Revenue Holds Year-on-Year Despite Second-Half Slowdown
Despite the downturn in H2, AGI expects FY25 revenue to finish around 9% higher than FY24, supported largely by a strong first half. However, H2FY25 revenue is forecast to be approximately 11% lower than the $152.1 million achieved in H1.
The APAC region is expected to maintain performance in line with the first half, following successful product releases earlier in the year. Latin American operations have remained resilient, supported by improving performance in key countries.
North America Drives Second-Half Weakness
North America, AGI’s most significant market, is expected to record an estimated 20% decline in H2 revenue. The contraction is linked to lower VLT unit sales and reduced orders from major distributors. Participation revenue has also softened, driven by fewer installed units and a fall in average daily yields.
This downturn in North American operations represents the largest contributor to AGI’s weakened second-half financial outcome.
Factual Observations on Today’s Market Impact
(Only real-time, factual market impacts are included — no assumptions or predictions.)
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au