A prominent player in the gaming industry, Aristocrat Entertainment, announced impressive financial outcomes for the fiscal year concluding on September 30, 2022. Their earnings reached A$5.6 billion, reflecting an 18% surge in comparison to the preceding year. This equates to roughly US$3.79 billion, underscoring their worldwide presence.
The firm’s operational strength was apparent in their A$1.85 billion profit (excluding interest, taxes, depreciation, and amortization), signifying a 20% year-on-year increase. Aristocrat concluded the period with a solid financial standing, possessing A$5.64 billion in net cash and an overall liquidity of A$38 billion.
This robust financial showing was emphasized by the company’s declaration highlighting its “healthy operating cash flow and exceptional balance sheet.” This, they affirmed, furnishes a “solid foundation for strategic flexibility and the capability to finance both internal and external expansion prospects.”
Trevor Croker, Aristocrat’s Chief Executive Officer and Managing Director, ascribed the favorable outcomes to the company’s “effective implementation of our expansion plan.” He stressed their continuous investment in “an attractive product range” intended to secure market dominance in crucial sectors, broadening their operations, and bolstering their overall competencies.
Croker further underscored the importance of their nearly 18% revenue growth and A$1.1 billion in adjusted profit, representing a 23% rise from the 2019 fiscal year. This, he remarked, illustrates the company’s “vigorous post-COVID resurgence and our capacity to deliver in a demanding climate.”
Aristocrat Leisure experienced a remarkable year, substantially broadening its presence in established and developing regions as a core element of a prosperous expansion plan. The firm maintains significant investments in its workforce, product innovation, and cutting-edge technologies.
Their digital, real-currency gaming division witnessed particularly robust results, propelled by the introduction of their Anaxi platform. This factor, coupled with strategic acquisitions and natural growth endeavors, resulted in a 27% increase in adjusted profit after tax (NPATA), reaching a noteworthy A$1.1 billion.
Chief Executive Trevor Croker commended the company’s over 7,500 global employees, recognizing their adaptability and commitment, especially amid worldwide instability and the Ukrainian conflict. He highlighted their cooperative ethos and steadfast dedication in navigating these obstacles.
Looking forward, Aristocrat Leisure remains assured in its capacity to sustain this favorable trajectory. The company points to its varied product range, operational flexibility, devoted team, and robust company ethos as essential catalysts for ongoing success, even within a potentially unpredictable global environment.
This news follows the appointment of Sally Denby as their incoming Chief Financial Officer earlier this week.
