Aristocrat has released its semiannual report, which showcases “exceptional” financial results. The past six months have witnessed impressive profit increases, sturdy operational functioning, and sustained momentum, as per the company’s disclosure.
During the initial half of the financial year, Aristocrat posted a revenue surge of 6% to AUD 3.2 billion ($2.12 billion). The company credited these favorable outcomes to its robust performance in North America as well as impressive direct sales in more overseas markets.
Additionally, the company reported a net profit after tax and prior to the amortization of acquired intangibles (NPATA) of AUD 764 million ($510 million), denoting a 16% rise.
In terms of EBITDA, Aristocrat stood at AUD 1.2 billion ($0.8 billion), registering an expansion of over 17%. The EBITDA margin for the period was 36.6%, as indicated by the company.
The H1 report also drew attention to the sustained share gains of Pixel United in the Social Slots genre. Meanwhile, the Aristocrat Interactive division delivered substantial revenue growth, due to new customer installations, augmented hardware sales, and the acceleration of the iGaming business.
The company sustained high levels of organic investment in key areas to enhance near-term and long-term competitiveness, functionality, and performance. In its report, Aristocrat noted its ongoing execution of capital management strategy, with AUD 828 million ($552.6 million) in cash returned to shareholders through dividends and stock buyback plans.
Providing its financial forecast for the year ending September 30, Aristocrat anticipates ongoing growth in its market shares, profits, and revenue. The company remains bullish about its Pixel United and Aristocrat Interactive branches and forecasts additional NPATA growth throughout the year.
CEO Croker: Aristocrat Poised for Continued Value Enhancement
Trevor Croker, the chief executive officer and managing director of Aristocrat, expressed his views on the subject, commending the remarkable results. He credited the positive indicators to Aristocrat’s resilience and capacity to amplify shares and boost profitability across various operating contexts.
This outcome once again underscores the resilience and scale as major assets of our business, backed by a determined emphasis on operational efficiency and leveraging operating results.
Trevor Croker, CEO & MD, Aristocrat
Croker acknowledged the strategic integration of the Anaxi and NeoGames companies into Aristocrat Interactive, foreseeing it as a move that will offer advantages to the company’s clientele and reveal “considerable value” over time.
Croker concluded by stating that the company has achieved “significant progress” in the preliminary half of 2024 on its sustainability agenda. He pledged that Aristocrat would persist in concentrating on portfolio performance and capitalizing on the strategic opportunities that lie ahead.
