Company posted a normalized profit before tax of A$13.9 million for the six months
SYDNEY: Ainsworth Game Technology Ltd (ASX: AGI) reported a normalized profit before tax of A$13.9 million for the six months ended June 30, 2025, in line with market guidance, as revenue surged 25% year-over-year to A$152.1 million.
The results come as Austrian gaming giant Novomatic announced an unconditional takeover bid for Ainsworth at A$1.00 per share.
CEO Harald Neumann highlighted strong domestic performance driven by the launch of the A-Star Raptor™ cabinet, which boosted Australian revenue by 84% compared to the prior corresponding period. International markets contributed 80% of total revenue, with North America leading at A$83.1 million, up 22% year-over-year.
Underlying EBITDA remained steady at A$26.9 million, though margins narrowed to 17.7% from 22.0% due to competitive pressures and product mix shifts in Latin America.
The online segment saw a decline following the termination of exclusivity with Game Account Network, reporting A$2.8 million in revenue versus A$5.1 million in H1CY24.
Ainsworth closed the period with A$1.4 million in net cash and A$356.4 million in net assets. The company increased its loan facility with Western Alliance Bancorporation to US$75 million, potentially to fund dividends under the proposed Scheme of Arrangement.
The Independent Board Committee has issued a separate statement regarding the Novomatic bid, with further details to be provided to shareholders.