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Aristocrat books 42% profit increase in six months to 31 March 2022

Ben Blaschke by Ben Blaschke
Thu 19 May 2022 at 07:07
Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 
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Australian slot machine and gaming giant Aristocrat Leisure Limited reported a 42.1% increase in net profit to AU$562.4 million (US$392 million) for the six months to 31 March 2022, driven by what it called “outstanding performance” in gaming operations and outright sales. It was also supported by “robust portfolio performance” from social gaming arm Pixel United.

Releasing its results for the first half of its financial year on Thursday morning, Aristocrat also reported a 23.1% year-on-year increase in revenue to AU$2.75 billion (US$1.92 billion), while normalized EBITDA of AU$970 million (US$677 million) was 30% higher than in the same period in 2020/2021.

The company has announced a fully franked dividend of 26 cents per share, representing AU$173.7 million (US$121 million) to be paid to shareholders, with a payment date of 1 July 2022.

“Aristocrat delivered an impressive and resilient performance despite mixed operational conditions and challenges,” said CEO and Managing Director, Trevor Croker.

“We took comprehensive action to protect our people and business, while investing strongly to accelerate our growth strategy going forward.

“Our sustained investment in talent, technology and product enables us to continue to take share wherever we play and delivered significant top and bottom-line growth in the first half of fiscal 2022.”

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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