Australian gaming company Aristocrat Leisure Limited has published its latest financial report revealing a 21% year-on-year increase in net profits to AU$1.3 billion ($846 million/€779.7 million) for the 12 months ending on September 30th 2023.
According to the report, the company stated that the positive FY23 results reflect an enhanced product portfolio and ongoing investment across its various divisions alongside a strong performance in the North American market.
The report also reveals that revenue grew by 13% to AU$6.3 billion ($4.1 billion/€3.7 billion) while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 13.8% to AU$2.11 billion ($1.37 billion/€1.26 billion).
Aristocrat 2023 Key Highlights
- Revenue from ordinary activities – AU$6.3 billion ($4.1 billion/€3.77 billion), up 13.0%
- Profit from ordinary activities before tax – AU$1.67 billion ($1.09 billion/€1 billion), up 35.9%
- Profit before tax – AU$1.66 billion ($1.08 billion/€995 million), up 25.1%
- Profit from ordinary activities after tax – AU$1.45 billion ($943.5 million/€869.4 million), up 53.3%
- Profit after tax and before amortisation of acquired intangibles – AU$1.32 billion ($858.9 million/€791.4 million), up 20.7%
Revenue by segment
- Americas – AU$2.9 billion ($1.9 billion/€1.75 billion), up 16%
- Australia & NZ – AU$458.4 million ($298.2 million/€274.8 million), down 0.5%
- International Class III – AU$200 million ($130.1 million/€119.9 million), up 87.3%
Profit by segment
- Americas – AU$1.67 billion ($1.09 billion/€1 billion), up 14.1%
- Australia & NZ – AU$151.3 million ($98.4 million/€90.7 million), down 3.7%
- International Class III – AU$98.6 million ($64.1 million/€59.1 million), up 152.2%
Speaking of the latest results, Aristocrat CEO and Managing Director Trevor Croker said:
“The growth that Aristocrat delivered over the period demonstrates the ongoing resilience, competitiveness and diversification of our portfolio, and sound fundamentals in the markets in which we operate. At the same time, we have been able to accelerate investment behind our successful growth strategy.
The benefit of our strategic investments to grow and diversify Aristocrat was particularly evident in the strong revenue and EBITDA growth over the year. This was underpinned by an exceptional Gaming performance which more than offset an extended industry-wide moderation in mobile game demand, again highlighting diversification and scale as fundamental strengths of our business.
We continued to invest to grow in attractive adjacencies and verticals, as we build further resilience in our operating portfolio, including through executing our ‘build and buy’ strategy in online RMG.
Looking ahead, we will continue to navigate challenges with a focus on portfolio performance and capturing the significant strategic opportunities in front of us, including delivering on our online RMG strategy with the proposed acquisition of NeoGames to close in the first half of calendar 2024.”
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.