Australian gaming machine manufacturer Ainsworth Game Technology expects to post a profit before tax of around AU$1.0 million ($710,000) for the six months ending 30 June 2026, down sharply from AU$13.9 million ($9.93 million) in the same period last year.
In an ASX update published on 22 May 2026, the company forecast total half-year revenue of approximately AU$116 million ($82.86 million), a 24% decline from AU$152.1 million ($108.64 million) a year earlier and below the AU$138.7 million ($99.07 million) reported in the second half of 2025.
Ainsworth said the downturn was largely driven by weaker performance in North America, where the company faced lower outright sales, fewer gaming operation units, tougher competition and broader economic headwinds.
The Asia-Pacific region, however, is expected to record revenue growth of around 4% year-on-year, supported by the launch of the Raptor cabinet and its updated variations introduced earlier in 2026. The segment is projected to account for roughly 31% of total revenue, up from 23%, while margins are expected to improve from 23% to 25%.
Revenue across Latin America and Europe is forecast to decline by around 13%, although margins in those markets are also expected to improve.
Underlying EBITDA, excluding currency impacts, is forecast at approximately AU$13 million ($9.29 million), compared with AU$26.9 million ($19.21 million) in the previous corresponding period.
Net debt is expected to increase to around AU$14 million ($10 million), up from AU$11.8 million ($8.43 million) at 31 December 2025. Research and development spending is also set to rise, representing around 22% of total revenue compared to 18.5% in the second half of 2025.
Chief Executive Officer Ryan Comstock said
Our strategy reflects initiatives implemented, resulting in the improvements in Australian revenues, which is helping to offset ongoing challenging market conditions and competitive pressures across our international markets, while maintaining investment in product development.
He added new sales and product strategy leadership had been introduced in North America following organisational changes late in FY25.
