Aristocrat reports 18% year-on-year revenue rise

Aristocrat Leisure has reported revenue of AU$5.6bn (US$3.79bn) for the 12 months ended 30 September 2022, an 18% year-on-year increase in reported terms.

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EBITDA was AU$1.85bn, a 20% increase from the prior-year period, with Aristocrat reporting a net cash position of AU$564m and liquidity of AU$3.8bn on 30 September 2022.

The company noted that: “Strong operating cash flows and superior financial fundamentals were maintained, ensuring the business retains full strategic optionality and the ability to fund both organic investment and inorganic acceleration options.”

Aristocrat CEO and Managing Director Trevor Croker commented: “Aristocrat’s performance underlines the ongoing implementation of our growth strategy. Throughout the year, we continued to invest in competitive product portfolios to drive further share growth across key segments, greater operational diversification and deeper business capability.

“Aristocrat delivered an increase in revenues of almost 18% year on year, and an annual profit of AU$1.1bn that exceeded our 2019 financial year performance by approximately 23%. This highlights the strength of our post-Covid recovery and our ability to execute in a challenging environment.”

Aristocrat noted several highlights for the period, including the successful execution of its growth strategy, leading to market share gains across key and emerging segments, and its sustained investment in people, product and innovation.

The group added another highlight of continuing to invest in the online Real Money Gaming business with the launch of Anaxi, along with a 27% growth in normalised Net Profit After Tax Amortisation (NPATA) to AU$1.1bn, achieved after maintaining organic and inorganic investment for future growth.

Croker added “Our performance highlights the incredible resilience and commitment of our team of over 7,500 people around the world. I want to thank each of our people for their hard work, and their care for each other, as we navigated the conflict in Ukraine and other challenges across the year.

“As we look ahead, we believe that Aristocrat’s outstanding product portfolios, growing operational resilience and capability, along with a highly engaged team and strong culture, positions us well to maintain our momentum despite uncertain conditions.”

Earlier this week, Aristocrat appointed Sally Denby as its new CFO.

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