AGI ainsworth game technology limited

Ann: Annual Report -Year Ended 31 December 2024, page-2

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    FINANCIAL HIGHLIGHTS
    • Profit before Tax excluding currency and one-off items was $23.2m for the 12 months ended December 2024 (“current period”), representing a 44%
    decrease compared to the 12 months ended 31 December 2023 (“PCP”)
    • Reduction in revenue in the current period compared to PCP across Asia Pacific, Latin America and Online regions, the decline in these regions were
    slightly offset by increase in North America revenue in the current period.
    • The Mexican Tax Administration Service (“SAT”) matter relating to import duties and associated charges was finalised during the current period.
    • The cash position net of borrowings represents $9.7 million at 31 December 2024 compared to $19.4 million at 31 December 2023. The cash position net of borrowings at 31 December 2024 includes a drawdown of $10.1 million from the Group’s secured loan facility.
    • Strong balance sheet to enable further investment in product development, talent retention and to mitigate risks associated with continuing cost pressures.


 
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