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Highlights:
- Aristocrat Leisure Limited (ASX:ALL) announced its 1H FY23 results ended 31 March this year.
- In the six-month period, ALL’s NPATA grew 13.6% to AU$658.8 million.
- For 1H FY23, ALL’s directors have authorised a 100% franked distribution of 30 cps to be paid on 3 July.
The leader in international gaming content and technology company, Aristocrat Leisure Limited (ASX: ALL), was down by 5.453% and was trading at AU$37.100 on Thursday, 18 May 2023, at 11:30 am AEST after the company announced its 1H FY23 results ended 31 March this year.
Let’s go through the ASX consumer stock-ALL’s half-year results.
On Thursday, ALL’s revenue (from ordinary activities) grew 12.2% to AU$3,080.4 million, steered by an outstanding performance from North America Gaming Operations and global Outright Sales and strong performance from Pixel United in tough market conditions.
NPATA grew 13.6% to AU$658.8 million, exhibiting interest income gains, along with effective strategic investment in talent and technology.
A robust free cash flow generation was applied to fund ALL’s growth plan. Around AU$166 million in surplus cash was returned to stakeholders in the form of on-market share buy-backs across the six-month period. By the end of 1H FY23, the company has concluded 48% of its up to AU$1 billion on-market share buy-back program. Recently, ALL updated that this program has been elevated by up to AU$500 million.
For the interim period, ALL’s directors have authorised a 100% franked distribution of 30 cps to be paid on 3 July, increasing by 15.4% from pcp. The ex-dividend date is of 25 May, and it has a record date of 26 May 2023.
The company’s portfolio of scaled, outstanding Gaming and Pixel United assets delivered a quality half-year result off the back of superior products, continuing investment and successful execution, despite mixed market conditions throughout main divisions.
The company’s business, Anaxi, delivered on its maiden market entry commitments and created strong foundations for enhanced growth.
On the outlook front, the company’s guidance to deliver NPATA growth across the full year ended 30 September 2023 stays unchanged if there is no material change in economic and industry conditions demonstrating continued robust revenue, along with profit rise from Aristocrat Gaming.
ALL is also anticipating enhanced 2H FY23 profit against pcp from Pixel United, with full-year anticipated to be moderately below the level reported for FY22. Additional investment in Anaxi to back the company’s online RMG ambitions.
