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Highlights
- Profit Surge: Aristocrat Leisure reported a 17% increase in normalised profit after tax for FY24, reaching AU$1.55 billion, driven by significant growth in North America.
- Revenue and EBITDA Growth: Revenue climbed to AU$6.6 billion, and EBITDA increased to AU$2.5 billion, reflecting the company’s continued expansion.
- Dividend Hike: The company declared an unfranked final dividend of 42 cents per share, marking a 22% increase in total dividends for the year to 78 cents per share.
- Strategic Moves: Alongside results, Aristocrat announced the sale of its Plarium mobile gaming division and confirmed an ongoing review of its Big Fish business.
Australian gambling and entertainment giant Aristocrat Leisure (ASX:ALL) has delivered strong full-year financial results, marked by robust growth in the North American gaming market. The company’s normalised profit after tax rose 17% to AU$1.55 billion, up from AU$1.33 billion in FY23, as revenues grew from AU$6.3 billion to AU$6.6 billion. EBITDA also saw a significant lift, climbing to AU$2.5 billion for the year ending September 2024.
Aristocrat attributed much of its success to its North American operations, where profits surged by 9% to AU$1.1 billion, a notable contrast to the 6% growth in other global markets. The company's success in the U.S. gaming market was highlighted as a key driver of its overall financial performance.
To reward shareholders, Aristocrat declared an increased final unfranked dividend of 42 cents per share, up from 34 cents last year. This brings the total dividend for FY24 to 78 cents per share, a 22% increase over FY23.
As part of its strategic business restructuring, Aristocrat also announced the sale of its Plarium mobile gaming division. Additionally, the company is conducting a review of its Big Fish business, which is expected to further streamline its focus and bolster future profitability.
