Arisocrat Leisure reports FY profit boost, hikes dividend
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The news: Gambling company Aristocrat Leisure reported a double-digit rise in full-year normalised profit and declared an improved final dividend, boosted by growth North America during the 12 months to September.
The numbers: Normalised profit after tax was up 17% to $1.55 billion, compared to $1.33 billion in the prior year. EBITDA grew from $2.1 billion in FY23 to $2.5 billion in FY24, as revenue climbed from $6.3 billion to $6.6 billion year over year.
Aristocrat declared a final unfranked dividend of 42 cents per share, up from 34 cents last year. Total dividends for the 2024 financial year represent 78 cents per share, an increase of 22%, or 14 cents, on the prior year.
The context: Aristocrat hailed "exceptional growth" in its North America gaming division, which saw profit increase 9% to $1.1 billion compared to 6% growth in the group's other markets.
On Tuesday, Aristocrat announced the sale of its Plarium mobile gaming business, while the company continues a strategic review of its Big Fish business.
What they said: "With the expanded Aristocrat Interactive business now sitting alongside Aristocrat Gaming and our mobile social casino business, Aristocrat will increasingly lean into our strengths in regulated gaming and slot content, and drive growth and scale benefits around a common core of product and technology," said Aristocrat's people and culture committee chair, Kathleen Conlon, in a letter to shareholders.
"This will also support a stronger 'one Aristocrat' focus on shared culture, collaboration and capturing scale benefits going forward."
The source: ASX announcement
