For the 12-month period ending December 31, 2024, Ainsworth Game Technology (AGT) has reported a profit before tax of US$23.2m, a reduction from the previous financial year's total of $41.5m.
Total revenue was $264.1m, down seven per cent from $284.9m. Underlying EBITDA was $48.2m, down from $59m.
The strongest market performance came from North America, which contributed revenue of $147m, a five per cent increase on the previous year. This region represented 56 per cent of total revenue compared to 49 per cent in 2023.
The reduction in revenue was attributed to lower sales within Latin America, primarily from “the challenging economic conditions” in Argentina and “import restrictions” within Mexico in the current period.
The company reported that the “successful launch of the A-star Raptor cabinet and new game titles” within multiple jurisdictions is expected to “maintain positive momentum within this region in the coming period.”
AGT’s chairman Danny Gladstone commented: “I am confident that the previously implemented actions undertaken and the investments made have placed us in a position to ensure improvements in the Group’s financial results in the coming year.”
