Ainsworth Game Technology reported a sharp decline in first-half revenue for 2026, with weaker land-based gaming machine sales in North America and Latin America offsetting growth in the Asia-Pacific region.
Revenue for the six months ended June 30 fell 23% year-on-year to AUD 116.5 million, compared with AUD 152.1 million in the corresponding period of 2025. North America remained Ainsworth’s largest market but was also the main source of the decline, with regional revenue falling 37.5% to AUD 51.9 million.
Revenue from Latin America and Europe decreased 19.6% to AUD 25.4 million as land-based product sales remained under pressure. Online revenue also declined, falling 17.9% to AUD 2.3 million.
Asia Pacific was the only major region to record growth. Revenue increased 6.6% to AUD 36.9 million, supported by new product launches, including the company’s Raptor cabinet range.
The lower sales translated into weaker earnings. Underlying EBITDA fell to AUD 17.1 million from AUD 26.9 million a year earlier, while its margin declined to 14.7% from 17.7%. Statutory profit after tax dropped 78% to AUD 1.1 million from AUD 4.9 million. A AUD 2.3 million patent-related provision also affected the result.
Despite the earnings decline, several balance-sheet and operational indicators improved. Gross margin increased to 62% from 56%, helped by higher average selling prices and tariff refunds. Operating cash flow reached AUD 8.9 million, while net debt decreased to AUD 8.5 million from AUD 11.8 million at the end of December 2025.
Ainsworth continued to invest heavily in product development during the period, with research and development expenses rising to 22% of revenue from 16% a year earlier. The company is prioritising new product releases, particularly in North America, while expanding the Raptor portfolio and attempting to rebuild sales momentum across Latin America and Europe.
Management said the weaker trading environment has increased the importance of controlling costs, strengthening cash flow and reducing debt without cutting back on strategic product investment.
The company has also kept dividends suspended as it focuses available liquidity on product development and its broader recovery strategy.