Ainsworth Game Technology Limited
AINSF · OTC
Company research
Ainsworth Game Technology Limited (ASX: AGI; OTC: AINSF) is an Australian publicly listed company headquartered in Newington, New South Wales, specialising in the design, development, manufacturing, distribution, and servicing of electronic gaming machines, related hardware, software, and systems. Founded in 1995 by industry pioneer Len Ainsworth, the company has grown into a global gaming solutions provider with operations spanning Australia, North America, Latin America, Europe, New Zealand, South Africa, and Asia. In addition to its core land-based gaming machine business, Ainsworth offers digital entertainment products including online real-money wagering titles and social gaming applications. The company operates as a subsidiary of Austrian gaming giant Novomatic AG, is led by CEO Ryan Comstock, and carries a market capitalisation of approximately USD 286 million.
Research reports
This structured equity overview frames AGI as trading about 31% below its estimated fair value with forecast earnings growth of roughly 60.75% per year, supported by detailed valuation, profitability, and balance sheet metrics sourced from S&P Global Market Intelligence. It highlights a consensus analyst price target around A$1.21, no material risks flagged in their standardized risk checks, and strong share price performance versus the Australian hospitality sector, implying a positive but volatile outlook for the stock.
GGR Asia (via IGamingToday) · February 5, 2026Ainsworth Expects One-Off Items to Affect 2025 Profit PerformanceThis article analyzes how a large non-cash goodwill impairment of AUD43.1 million in North America, plus about AUD22.7 million of other one-off losses tied to FX, takeover-related costs, and online asset write-downs, will materially depress Ainsworth’s reported 2025 profit. While underlying EBITDA is expected to be roughly flat at around AUD48 million, the piece emphasizes margin compression (EBITDA margin falling from 18.3% to 16.5%), inventory build, and a step down in underlying profit before tax versus 2024, leading to a cautious, downside-focused view of near-term earnings quality.
Kapitales Research · December 7, 2025Ainsworth Game Technology Limited – FY25 Full-Year Trading UpdateThis trading update note reports that AGI expects FY25 underlying PBT of about AUD21.5 million, slightly below the prior year, driven by a significantly weaker second half in which underlying PBT is projected to drop to AUD7.6 million amid reduced outright sales and softer participation revenue. It contrasts resilient APAC and Latin American performance with an estimated 20% H2 revenue decline in North America due to lower VLT sales, weaker distributor orders, and reduced unit yields, balancing mid‑single‑digit revenue growth (~9% YoY) against clear regional and margin headwinds.
Simply Wall St · November 6, 2025Ainsworth Game Technology Future Growth - Simply Wall StThis forward-looking analysis focuses on forecast earnings, revenue, and return on equity, concluding that AINS.F’s earnings are expected to decline about 2.5% per year while revenue grows only around 3.2% annually, slower than the broader U.S. market. It highlights a low projected future ROE of roughly 4.6%, modest top-line expansion, and limited analyst coverage, presenting a tempered outlook where growth and returns appear constrained despite continued operations across key gaming markets.