Aristocrat Leisure (ALL) H2 2025 earnings summary

Executive summary

• Achieved 15% EPSA growth and double-digit increases across key metrics for FY25, driven by portfolio realignment, strategic execution, and successful NeoGames integration.

• Completed divestitures of Plarium and Big Fish Games, sharpening focus on core mobile Social Casino operations from FY26.

• Returned $1.4 billion to shareholders via dividends and share buy-backs.

• Advanced sustainability initiatives, emphasizing safer play and readiness for global reporting requirements.

• Strategic investments in technology, talent, and product innovation underpin long-term growth and operational resilience.

Financial highlights

• Revenue increased 11% year-over-year to AUD 6.3 billion ($6.3 billion), segment profit up 12%, and NPATA up 12% to $1.6 billion.

• EBITDA grew 16% to $2.63 billion, with margin expansion to 41.7% (up 1.6 pts year-over-year).

• EPSA rose 15% to 24.7% (247.2c), and total dividends per share increased 19% to 93.0c.

• Operating cash flow reached $1.93 billion, and net debt reduced to $423 million (net debt/EBITDA at 0.2x).

• Returned AUD 1.4 billion to shareholders via buybacks and dividends.

Outlook and guidance

• Expects continued NPATA and MPADA growth for FY26 on a constant currency basis, with performance weighted to the second half.

• Interactive segment targeting US$1 billion revenue by FY29, focusing on scaling content and iLottery expansion.

• D&D investment to grow mid-single digits in FY26, shifting guidance to growth expectations rather than percentage of revenue.