Aristocrats Diversification Drives Strong Portfolio Performance

May 18, 2023

Aristocrat Leisure Limited (ASX: ALL), the Australian gaming company, reported a 12% increase in revenue for the period, led by strong performance in North America Gaming Operations and global Outright Sales. Its diversification and robust fundamentals helped it deliver a resilient performance, even in a challenging environment. The company also achieved a 14% increase in normalised NPATA to AU$659 million, despite higher investment for future growth.

The company's Anaxi division made significant progress by signing agreements with partners representing over 55% of the US iGaming market and completing the acquisition of Roxor Gaming. Its strong cash flow generation and balance sheet, with liquidity of around AU$3.5 billion, allowed it to continue executing its capital management strategy, including returning AU$338.0 million to shareholders through dividends and on-market share buy-backs.

 

 

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