Ainsworth Game Technology Limited · ASX:AGI
Ainsworth Game Technology — FY2025 Earnings Presentation
29 slides from Ainsworth Game Technology's earnings presentation, 2026
Slide 1: Investor Presentation: Finalised Results for the 12 months ended 31 December 2025
Investor Presentation Finalised Results for the 12 months ended 31 December 2025 Ainsworth Game Technology Limited | ABN 37 068 516 665 | ASX Code: AGI
Slide 2: Disclaimer
DISCLAIMER IMPORTANT NOTICE • This presentation has been prepared by Ainsworth Game Technology Limited ACN 068 516 665 (AGT) in good faith. No express or implied warranty is given as to the accuracy or completeness of the information in this document or the accompanying presentation. All statutory r
Slide 3: Presentation Agenda
AGENDA Presentation Agenda Results Summary P. 04 Consolidated Results P. 07 Segment Performance P. 16 Conclusion P. 27 3
Slide 4: Results Summary
RESULTS SUMMARY 4
Slide 5: Results Summary
RESULTS SUMMARY • Underlying profit before tax (excluding currency and one-off items) was $21.1m for the 12 months ended 31 December 2025 (“Current period”), representing a 9% decrease compared to the 12 months ended 31 December 2024 (“PCP”). • Revenue increased by 10% compared to the PCP; however,
Slide 6: Gaming Operations with Recurring Revenues and Steady International Revenue Contribution
GAMING OPERATIONS WITH RECURRING REVENUES AND STEADY INTERNATIONAL REVENUE CONTRIBUTION Units Units under gaming operations International % of total revenue % 9,000 100% 8,500 88% 86% 85% 90% 81% 85% 80% 80% 8,000 80% 7,500 70% 7,000 7,222 60% 6,871 6,500 6,623 6,790 6,649 50% 6,517 6,000 40% 6,091
Slide 7: Consolidated Results
CONSOLIDATED RESULTS 7
Slide 8: Profit & Loss Summary
PROFIT & LOSS SUMMARY 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Domestic revenue 58.7 39.6 19.1 International revenue 232.1 224.5 7.6 Total revenue 290.8 264.1 26.7 Gross profit 166.6 160.3 6.3 EBITDA (17.5) 58.9 (76.4) EB
Slide 9: Results Adjusted for Currency Movement and One-Off Items
RESULTS ADJUSTED FOR CURRENCY MOVEMENT AND ONE-0FF ITEMS 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) (Loss) / profit before tax (44.4) 33.9 (78.3) Foreign currency losses / (gains) 12.0 (9.6) 21.6 Transaction costs 8.3 - 8.3
Slide 10: Reconciliation: (Loss) / Profit Before Tax to EBITDA & Underlying EBITDA
RECONCILIATION: (LOSS) / PROFIT BEFORE TAX TO EBITDA & UNDERLYING EBITDA 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Reconciliation: (Loss) / profit before tax (44.4) 33.9 (78.3) Net interest income (1.0) (1.9) 0.9 Depreciat
Slide 11: Operating Costs
OPERATING COSTS 12 months ended 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 31 Dec 2025 at pcp vs PCP In millions of AUD (Current period) (PCP) constant currency basis COGS 124.2 103.8 20.4 122.5 Gross profit 166.6 160.3 6.3 163.3 Gross profit margin % 57% 61% (4%) 57% Sal
Slide 12: Staff Headcount
STAFF HEADCOUNT # Staff 31-Dec-25 30-Jun-25 31-Dec-24 Australia Sales 27 30 29 Service 48 47 50 Production 16 16 18 Administration 20 21 19 R&D 91 85 89 Total staff numbers - Australia 202 199 205 Americas Sales 27 22 28 Service 62 61 65 Production 78 89 65 Administration 104 101 96 R&D 102 97 83 To
Slide 13: Net Profit Bridge CY24 to CY25
NET PROFIT BRIDGE CY24 TO CY25 80.0 60.0 24.4 5.6 (0.3) (3.0) 40.0 30.3 (18.2) (4.2) 1.0 20.0 (9.0) (1.0) - 28.8 (20.0) (43.1) (19.2) (8.0) (40.0) (21.6) (0.9) (60.0) • The increase in product sales was primarily driven by the Asia Pacific region following the release of the A-Star Raptor Cabinet Du
Slide 14: Balance Sheet
BALANCE SHEET In millions of AUD 31-Dec-25 31-Dec-24 Total assets 419.2 441.7 Net assets 328.7 360.6 Total debt 23.5 10.1 Net (debt) / cash (11.8) 9.7 Debt Ratios 31-Dec-25 31-Dec-24 Debt ratio (Total liabilities / Total assets) 22% 18% Debt to equity ratio (Total liabilities / Total equity) 28% 23%
Slide 15: Cash Flow Statement
CASH FLOW STATEMENT 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Net cash used in operating activities (11.2) (3.0) (8.2) Proceeds from sale of property, plant and equipment 0.2 0.1 0.1 Proceeds from investments - 3.6 (3.6) A
Slide 16: Segment Performance
SEGMENT PERFORMANCE 16
Slide 17: North America
NORTH AMERICA 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Revenue 151.3 147.0 4.3 Gross Profit 100.1 100.5 (0.4) Segment EBITDA 79.7 81.6 (1.9) Segment Profit 65.5 68.2 (2.7) Segment Profit (%) 43% 46% (3%) Unit Volume (no.)
Slide 18: North America Key Market Highlights
NORTH AMERICA KEY MARKET HIGHLIGHTS RAPTOR SUPPORT FOR 2025 Launched 8 titles in the 2nd half of 2025 for a total of 18 for the year. A-Star Raptor portrait is now available in every major North American market. Installation of new and innovative for lease only premium product, Neon’s Bonus Blast .
Slide 19: Latin America & Europe
LATIN AMERICA & EUROPE 12 months ended 12 months ended Current period vs 31 Dec 2025 31 Dec 2024 PCP In millions of AUD (Current period) (PCP) Revenue 69.3 66.8 2.5 Gross Profit 36.0 39.3 (3.3) Segment EBITDA 22 29.2 (7.2) Segment Profit 18.6 27.5 (8.9) Segment Profit (%) 27% 41% (14%) Unit Volume (
Slide 20: LATAM Market Challenges & Growth
LATAM LATAM Market Challenges & Growth KEY MARKET HIGHLIGHTS The first half of the year was marked by headwinds across the region; importation challenges, political uncertainty, and currency volatility in various markets, slowed deployments and investment. Conditions improved in the second half, par
Slide 21: LATAM Product Highlights
LATAM PRODUCT HIGHLIGHTS Xtension Link – LATAM Market Growth With over 2,000 units in operation, Xtension Link continues to outperform the house average by 1.7x. This top performing Multi Game is a brand that is consistently listed as a top game in Mexico and Latam, as recently in the December editi
Slide 22: Asia Pacific (Australia, NZ and Asia)
ASIA PACIFIC (AUSTRALIA, NZ AND ASIA) 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Revenue 65.0 42.7 22.3 Gross Profit 25.3 12.9 12.4 Segment EBITDA 14.3 3.2 11.1 Segment Profit 13.6 2.7 10.9 Segment Profit (%) 21% 6% 15% Uni
Slide 23: APAC Key Market Highlights
APAC KEY MARKET HIGHLIGHTS 2025 marked A New Era for the APAC region. A bold repositioning marked by renewed leadership, a revitalised game portfolio, and the successful debut of the A-Star Raptor cabinet. • The A-Star Raptor dual screen cabinet was launched in February 2025 and achieved strong mark
Slide 24: APAC Product Highlights
APAC PRODUCT HIGHLIGHTS c Robust Roadmap Released in February 2025, the A-Star Raptor dual screen cabinet The 2025 product roadmap marked a significant milestone for the business, has made a strong and immediate impact on gaming floors, earning delivering its most robust portfolio to date with seven
Slide 25: Online
ONLINE 12 months ended 12 months ended Current period 31 Dec 2025 31 Dec 2024 vs PCP In millions of AUD (Current period) (PCP) Revenue 5.2 7.6 (2.4) Gross Profit 5.2 7.6 (2.4) Segment EBITDA 4.3 6.9 (2.6) Segment Profit 4.3 6.9 (2.6) Segment Profit (%) 83% 91% (8%) • Competitive market condition and
Slide 26: Online
ONLINE During 2025, the Ainsworth Interactive Online Group developed and released 30 online slot titles for regulated real-money gaming markets across the United States, Canada, and Latin America. This output reflects the continued expansion of our online footprint and our disciplined focus on regul
Slide 27: Conclusion
CONCLUSION 27
Slide 28: Conclusion
CONCLUSION • A-Star Raptor line of cabinets continues to be a top performing cabinet worldwide. • Continued strong recurring revenue. • Launched A-Star Raptor dual screen cabinet in North America. • 52% revenue improvement achieved in APAC compared to pcp. Following the successful launch of A-Star R
Slide 29: Thank You!
THANK YOU! AINSWORTH GAME TECHNOLOGY 10 Holker St, Newington NSW www.agtslots.com *All trademarks, logos and brand names are the properties of their respective owners
Ainsworth Game Technology — FY2025 Earnings Presentation on 6ix