Aristocrat Publishes Outstanding H1 Financials

Aristocrat has published its H1 report, outlining “outstanding” financials. The six months were characterized by strong profit growth, resilient operational performance and momentum, the company reported.

In the first six months of the fiscal year, Aristocrat recorded a 6% growth in revenue to AUD 3.2 billion ($2.12 billion). The company attributed the favorable results to its strong performance in North America and strong outright sales in additional foreign markets.

Aristocrat also reported a net profit after tax and before amortization of acquired intangibles (NPATA) of AUD 764 million ($510 million), representing an increase of 16%.

Aristocrat’s EBITDA, meanwhile, stood at AUD 1.2 billion ($0.8 billion), marking an increase of over 17%. EBITDA margin for the period was 36.6%, the company reported.

Other H1 highlights include Pixel United’s continued share gain in the Social Slots genre. The Aristocrat Interactive division, on the other hand, delivered strong revenue growth, reflecting new customer installations, higher hardware sales and scaling of the iGaming business.

Aristocrat continued to fund a high level of organic investment in priority areas in order to drive near and longer-term competitiveness, capability and performance. The company also reported continued execution of its capital management strategy and said that AUD 828 million ($552.6 million) in cash has been returned to shareholders via dividends and share buyback programs.

Aristocrat also published its outlook for the fiscal year ending September 30, saying that it expects to continue growing its market share, profits and revenue. The company is optimistic about its Pixel United and Aristocrat Interactive divisions and expects further NPATA growth over the full year.

CEO Croker: Aristocrat Will Continue Unlocking Significant Value

Aristocrat’s chief executive officer and managing director, Trevor Croker, shared his thoughts on the matter, praising the outstanding results. He attributed the favorable metrics to Aristocrat’s resilience and ability to grow share and drive profitability through different operating environments.

The result again highlights resilience and scale as fundamental strengths of our business, supported by an effective focus on operational efficiency and extracting operating leverage.

Trevor Croker, CEO & MD, Aristocrat

Croker added that the consolidation of the Anaxi and NeoGames businesses into Aristocrat Interactive has been a strategic move that will benefit the company’s customers and unlock “significant value” over time.

Croker concluded that the company has made “considerable progress” in the first half of 2024 on its sustainability agenda. He said that in the future, the company will continue to focus on portfolio performance and capturing the strategic opportunities in front of itself.