Ainsworth Game Technology posted AU$152.1 million in revenue for the first half of 2025, marking a 22.4% year-on-year increase. The figure also improved from AU$142.7 million in the previous half, driven by solid performance in North America and a sharp recovery in Asia-Pacific.
However, strong revenue growth was offset by a significant decline in profitability. Reported EBITDA plunged 63.5% year-on-year to AU$14.6 million, while EBITDA margin dropped to 10%—down from 23% in H1 2024. The company attributed the fall to margin pressure on product sales.
Net profit before tax dropped to AU$1.6 million, down 163% from the same period last year, while after-tax profit fell from AU$14 million to AU$4.9 million. Gross profit rose slightly to AU$84.8 million, up 4.7% year-on-year, and operating costs increased 4% to AU$71.4 million.
North America and Asia-Pacific Drive Growth
North America remained Ainsworth’s most reliable region, generating AU$83.1 million in revenue—up 20.1% year-on-year and 4.9% half-on-half. Gross profit in the region was AU$52.4 million, while segment EBITDA reached AU$43.1 million. Segment profit also rose to AU$36 million, up 9.9% year-on-year.
Asia-Pacific delivered the strongest regional rebound, with revenue soaring 57.7% to AU$34.6 million and rising 37% over the previous half. Segment profit reached AU$13.9 million, while EBITDA was AU$8.2 million.
In contrast, combined revenue from Latin America and Europe reached AU$31.6 million—up 7.5% year-on-year, but down 17% from the second half of 2024. Segment EBITDA and profits declined across both timeframes, signaling weaker momentum.
Online Revenue Declines Despite Strategic Pivot
Ainsworth’s digital segment continued to struggle, with online revenue falling nearly 50% compared to H1 2024. However, the figure rose 11% compared to the previous half, reflecting initial signs of progress as the company restructures its interactive business.
In a statement, Ainsworth said: “Ainsworth Interactive is evolving its strategy with a sharp focus on accelerating game development and expanding our digital footprint. With direct control of our US online sales distribution, we’ve deepened our relationships with major operators including BetMGM, DraftKings, Caesars and Rush Street.”
Upcoming partnerships with FanDuel and Fanatics are expected later this year. The company is also investing in the social casino segment via Zynga’s Hit It Rich, with future omnichannel integrations in view.
Ownership Proposal Could Signal Strategic Shift
In parallel with its H1 results, Ainsworth disclosed a takeover proposal from Novomatic to acquire the remaining 47.1% of the company at US$1 per share. If approved, the deal could significantly influence how Ainsworth navigates its growth and competition in global markets.
Despite rising revenue and regional gains, the company faces ongoing pressure to balance expansion with profitability, particularly in digital and international operations.
Source:
“Ainsworth Game Technology Limited, Half Year Results – 6 months ended 30 June 2025 (H1CY25), Teleconference Script”, agtslots.com, August 20, 2025
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