Ainsworth Game Technology Flags Non-Cash Impairment of Over AU$43 Million

MT Newswires Live
Feb 05

Ainsworth Game Technology (ASX:AGI) expects that a non-cash impairment of goodwill of AU$43.1 million will be included as a one-off item in the financial results for 2025, according to a Thursday Australian bourse filing.

The expected expense relates to the impairment of goodwill arising from the acquisition of Nova Technologies and MTD Gaming and is a result of the underperformance of the North American cash generating unit (CGU) in 2025, the filing said.

In addition to the impairment, other one-off items for the year ended Dec. 31, 2025, are expected to be losses of AU$22.7 million, primarily due to net foreign currency losses, transaction costs relating to the terminated scheme of arrangement, and off-market takeover offers and the impairment of other non-current assets relating to the Online CGU.

The company expects an underlying earnings before interest, tax, depreciation, and amortization (EBITDA) of about AU$48 million for 2025, similar to a year earlier, impacted by a lower underlying EBITDA margin.

Ainsworth Game Technology's shares rose almost 1% in recent Thursday trade.

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