2025 AGM - Chairman's address
| Stock | Aristocrat Leisure Ltd (ALL.ASX) |
|---|---|
| Release Time | 20 Feb 2025, 8:31 a.m. |
| Price Sensitive | Yes |
Aristocrat Leisure Ltd reports strong FY24 results
- Aristocrat delivered outstanding FY24 performance with 17% growth in normalised group profit
- Completed acquisition of NeoGames, expanding online real money gaming capabilities
- Announced strategic review and sale of Plarium and Big Fish Games casual and mid-core gaming assets
Aristocrat Leisure Limited delivered an outstanding financial result in the 2024 fiscal year, with a normalised group profit of $1.6 billion, an increase of 17% over the prior year. Earnings per share on a fully diluted basis also grew strongly, up 20%. The company maintained its disciplined capital allocation framework, investing in organic growth initiatives, completing the acquisition of NeoGames, and returning $1.3 billion to shareholders through dividends and on-market share buybacks. Aristocrat's strategic priorities were refreshed, with a continued focus on creating the world's greatest gaming content and maximizing its intellectual property across a growing range of channels. The acquisition of NeoGames and the announcement of a strategic review of the company's casual and mid-core gaming assets, Plarium Global and Big Fish Games, were key strategic milestones in 2024. Aristocrat made significant progress on its sustainability agenda, including further advancements in Empowering Safer Play, climate efforts, and people and community initiatives. The board remained committed to maintaining high standards of effective governance, with a focus on board and executive succession, NeoGames' integration, cybersecurity, and geopolitical risk. Aristocrat's strong financial performance has allowed the company to fully fund its growth priorities and increase investment in core technology infrastructure and other strategic capabilities, while returning over $3.1 billion to shareholders since 2019.
Aristocrat expects to deliver continued strong financial performance, with revenue and segment profit growth in line with the 8% and 10% compound annual growth rates achieved since 2019.
Aristocrat remains focused on its proven growth strategy, with a continued emphasis on creating the world's greatest gaming content and maximizing its intellectual property across a growing range of channels. The company is well-positioned to invest both organically and inorganically to support its strategic priorities and deliver long-term value to shareholders.