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An announcement from Ainsworth Game Technology ( (AU:AGI) ) is now available.
Ainsworth Game Technology has warned of a $43.1 million non-cash goodwill impairment linked to its underperforming North American cash-generating unit, primarily reflecting revised growth assumptions for assets acquired through Nova Technologies and MTD Gaming. Additional one-off losses of $22.7 million, stemming from foreign exchange impacts, costs associated with terminated corporate transactions and an impairment in its online unit, will weigh on reported FY25 results, although underlying EBITDA is expected to come in at about $48 million, broadly in line with the prior year. The company projects underlying profit before tax of roughly $21 million, slightly below earlier guidance, with EBITDA margins easing to 16.5% and higher debt utilisation lifting its debt-to-equity ratio to 24%, though it stressed that the goodwill write-down will not affect covenant compliance on its US loan facility.
The most recent analyst rating on (AU:AGI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Ainsworth Game Technology stock, see the AU:AGI Stock Forecast page.
More about Ainsworth Game Technology
Ainsworth Game Technology Limited is an Australia-based gaming machine manufacturer that designs, develops and supplies slot machines and related gaming technologies, with a significant operating presence in North America and an online segment underpinning its growth ambitions in regulated gaming markets.
Average Trading Volume: 200,227
Technical Sentiment Signal: Buy
Current Market Cap: A$350.3M
For a thorough assessment of AGI stock, go to TipRanks’ Stock Analysis page.