Australian gaming machine and services provider Aristocrat has recorded a 20.7% year-on-year surge in net profit to AU$1.32 billion ($858 million) in the financial year ending on 30 September 2023. Group revenue marked a 13% increase, reaching AU$6.29 billion ($4.08 billion), with EBITDA rising by 13.8% to AU$2.1 billion ($1.36 billion).
Group revenue growth was propelled by a strong performance in Aristocrat Gaming, which clocked a remarkable 22.17% boost in income, totaling AU$3.64 billion ($2.37 billion), resulting in a segment profit of AU$1.89 billion ($1.23 billion), up by 22.65% annually. EBITDA for the gaming segment also experienced a notable 20.85% year-on-year increase, reaching AU$2.1 billion ($1.37 billion).
Post-tax profit in the Americas grew by AU$59.5 million, thanks to a 27% increase in unit sales. Additionally, the number of units for Class III Premium and Class II Gaming Operations grew by 9%, reaching over 61,000 units.
However, the Australia and New Zealand (ANZ) region reported flat revenue at AU$458.4 million ($298 million), with Outright Sales units decreasing to 11,195 from 12,366 in FY22.
Pixel United, the mobile games arm of the group, experienced a 3.9% decline in revenue, amounting to $1.76 billion. This decline was attributed to the general downturn in the mobile market and the group's exit from the Russian market in March 2022. EBITDA for Pixel United decreased by 6.6% year-on-year to $592.2 million, while segment profit fell 2.5% to $536.4 million.
The group highlighted that these results were in line with the global mobile games market trends, with a continued focus on growing its share in the Social Casino segment.
Aristocrat's online Real Money Gaming (RMG) business, Anaxi, “delivered on its initial market entry commitments and built solid foundations for accelerated growth,” according to the company.
The recent acquisition of Roxor is expected to enhance Anaxi's performance as a core product technology. Additionally, the group anticipates closing the acquisition of RMG company NeoGames in the first half of calendar year 2024.
Trevor Croker, CEO and Managing Director of Aristocrat, said: "The growth that Aristocrat delivered over the period demonstrates the ongoing resilience, competitiveness and diversification of our portfolio, and sound fundamentals in the markets in which we operate. At the same time, we have been able to accelerate investment behind our successful growth strategy.”