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Ainsworth Game Technology Ltd reported profit after tax of AUD1.1 million, or US$787,883, for the first half of 2026. The result was down 77.6% year-on-year, while revenue for the 6 months ended June 30 fell 23.4% to AUD116.5 million.
According to the Australian-listed slots-machine manufacturer, 70% of the company’s income was derived from international markets. This low performance has been attributed to tough economic conditions prevailing in the company’s geographical market environment, poor consumer sentiment, and tough trading conditions.
North America Weighs On Results
Ainsworth also pointed to a lack of compelling new product offerings in North America, its largest market. The company said higher gaming tax in Mexico and further removals of historical horse racing machines in New Hampshire, following regulatory changes, also affected revenue.
The underlying EBITDA was down by 36.4% from the previous year at AUD17.1 million. The underlying EBITDA margin was lower than last year at 15%, from 18%. Profit before tax on an underlying basis, excluding currency and other significant one-time events not related to core business operations, fell 66.2% to AUD4.7 million.
According to Ryan Comstock, the chief executive of the company, the firm had been concentrating on managing costs and reducing debt. The company was investing in research and development and launching new products.
Comstock acknowledged that recent product weakness in North America had hurt the group’s performance. He said the company was addressing the issue through its product roadmap.
Asia Pacific Bucks Wider Decline
Ainsworth’s Asia Pacific segment, covering Australia, New Zealand, and Asia, recorded revenue growth of 6.7% year-on-year to AUD36.9 million. This segment contributed 32% towards group revenue.
In the first half, sales of gaming machines were reported at 1,087, as compared to 1,049 in the prior year. There was an increase in profit margin by 2%, which came to 25%.
The company said the performance was supported by the continued rollout of its A-STAR Raptor range, including a single-screen version. Ainsworth also said its Double Dragons and Loot Express titles launched at more than twice the respective casino-floor average and continued to perform above the floor average.
North American Placements Fall
North America generated revenue of AUD51.9 million, down 37.6% year-on-year, and represented 44% of group revenue. That compared with 55% in the corresponding period of 2025.
Machines placed under participation and lease in North America totaled 2,360 as of June 30, down from 2,961 a year earlier. Ainsworth said its Dragon Legacy product family, launched in late May, had shown encouraging early performance.
Other Markets Also Decline
Revenue from Latin America and Europe fell to AUD25.4 million from AUD31.6 million in the prior year. Revenue from the online segment, Ainsworth Interactive, stood at AUD2.3 million, as compared to AUD2.8 million in the first six months of 2025.
The company has produced a mixed bag of results in its different markets. The Asia Pacific region showed increased revenue, machine sales, and margins; North America, Latin America, Europe, and online divisions showed decreases.
Product Roadmap Remains Central
The company’s first-half results put added focus on its planned product releases. Ainsworth said it was continuing research and development while working to improve its offerings in North America, where lower revenue and fewer leased and participation machines weighed on group performance.
The Asia Pacific results provide a contrasting performance, with the Raptor range and selected titles supporting sales. Ainsworth will continue balancing regional weakness with the stronger contribution from the Asia Pacific segment during the rest of 2026.
Source: GGR Asia
