Ainsworth Game Technology Limited (AINSF) Q2 2026 Earnings Call Transcript

Operator

Good morning, and thank you for joining Ainsworth Game Technology’s results presentation for the 6 months ended 30 June 2026. On the call today are Ryan Comstock, Chief Executive Officer; and Lynn Mah, Chief Financial Officer. Ryan and Lynn will take you through the presentation lodged with the ASX this morning, after which we will open the line for questions.

Before we begin, I would draw your attention to the disclaimer on Slide 2. Today’s discussion contains forward-looking statements that are subject to known and unknown risks and uncertainties, and actual results may differ materially. This presentation should be read together with the Appendix 4D and financial report lodged with the ASX today.

I will now hand over to Ryan. Thank you, and over to you.

Ryan Comstock
Chief Executive Officer

Thank you, and good morning, everyone. Let me start by framing the half honestly, because I think that’s the most useful thing I can do for you. Trading conditions since the start of the year have been tough across all of our markets as a result of weak consumer sentiment and challenging macroeconomic conditions. In addition to the prevailing trading conditions, it is important to note that this has been a transitional period for Ainsworth. Revenue of $116.5 million was down 23% on the prior corresponding period and underlying profit before tax of $4.7 million was below the $13.9 million we delivered in the first half of last year. That is not the result we want, and I’m not going to dress it up.

But underneath that headline, there are 3 things happening that I’d ask you to hold