Australian slots supplier Ainsworth Game Technology (AGT) says it expects to report a sequential decline in both revenue and profit in the six months to 31 December 2025, impacted by reduced sales in the North American market.
While the company’s home APAC market remains consistent following the release of the A-Star Raptor cabinet in February, the key market of North America is expected to report a reduction in revenue of around 20% in 2H25 compared with H1 – primarily due to the sales timing of Video Lottery Terminal (VLT) units and distributor purchases. Participation revenue also contributed to the decline in revenue in North America in H2 as a result of a reduction in installed units and lower associated average yield per day on these units, the company said in a trading update.
As such, AGT expects to revenue in 2H25 to be 9% higher year-on-year but 11% lower than the AU$152.1 million reported in 1H25 – placing it around the AU$135 million mark.
Likewise, underlying Profit before Tax, excluding currency and one-off items, is forecast to hit AU$21.5 million for the year ending 31 December 2025, down from AU$23.2 million in 2024, including a decline from AU$13.9 million in 1H25 to AU$7.6 million in H2.
Underlying EBITDA for FY25 is expected to be AU$48.0 million compared to AU$48.2 million a year earlier, with H2 contributing AU$21.1 million compared to the reported AU$26.9 million in the first half of the year.
While US revenues are down, AGT said APAC region revenue contributions in H2 are expected to be broadly consistent to H1 on the increased revenue achieved following the launch of the A-Star Raptor.
Latin America has also maintained and showed a modest increase in revenue in the second half of this year, despite challenging environments – predominantly within Mexico – AGT said.
“The recently announced increase in gaming taxes to be introduced in January 2026 and the closure of venues resulting from the on-going anti-money laundering investigations has created increased uncertainties with venue operators at the present time,” it explained of LATAM.
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