Aristocrat Leisure Limited Reports Strong Financial Performance for 2024
ALL (ALL) Share Update November 2024 Tuesday 12th
Aristocrat Leisure Limited Announces Strong 2024 Financial Results
Aristocrat Leisure Limited (ASX: ALL) has announced its financial results for the year ended 30 September 2024, showcasing significant growth and strategic advancements.
Instant Summary:
- Normalised profit after tax increased by 17.2% to $1,555.1 million.
- Revenue from ordinary activities rose by 4.9% to $6,603.6 million.
- Final unfranked dividend declared at 42.0 cents per share.
- Completion of NeoGames acquisition and sale of Plarium Global Limited.
- Continued investment in product development and strategic capabilities.
Financial Performance
Aristocrat Leisure Limited reported a 17.2% increase in normalised profit after tax, reaching $1,555.1 million for the year ended 30 September 2024. This growth reflects the company's diversified portfolio and strategic investments in talent, technology, and product development.
Revenue from ordinary activities increased by 4.9% to $6,603.6 million, driven by strong performance in North America Gaming Operations and the successful integration of NeoGames.
Strategic Developments
During the year, Aristocrat completed the acquisition of NeoGames, enhancing its capabilities in online Real Money Gaming. The company also announced the sale of Plarium Global Limited for $620 million, with contingent consideration of up to $200 million.
Aristocrat continues to focus on expanding its gaming content across various platforms, with significant investments in design and development to support growth in attractive markets.
Dividend and Capital Management
The Board declared a final unfranked dividend of 42.0 cents per share, bringing the total dividend for the year to 78.0 cents per share, a 22% increase from the previous year. The company also continued its share buy-back program, returning $1.6 billion to shareholders.
The strong financial results and strategic acquisitions position Aristocrat Leisure for continued growth in the gaming industry. The increase in dividends and share buy-backs reflects the company's commitment to returning value to shareholders. The integration of NeoGames is expected to enhance Aristocrat's market presence in online gaming, potentially boosting future revenues.
Investor Reaction:
Analysts are optimistic about Aristocrat's strategic direction and financial performance. The increase in dividends and share buy-backs has been well-received by investors, indicating confidence in the company's growth prospects.
Conclusion:
Investors should consider Aristocrat Leisure's strong financial performance and strategic advancements as positive indicators for future growth. The company's focus on innovation and market expansion positions it well for continued success in the gaming industry.