Aristocrat announced this thrusday its financial results for the 12 months ended 30 September 2022. Aristocrat delivered a high quality result, with strong revenue and profit growth reflecting sustained investment in top-performing product portfolios and business resilience
Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said Aristocrat's performance underlines the ongoing implementation of its growth strategy. "Throughout the year, we continued to invest in competitive product portfolios to drive further share growth across key segments, graeter operational diversification and deeper business capability".
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Aristocrat delivered an increase in revenues of almost 18% year on year, and an annual profit of $1.1 billion that exceeded our 2019 financial year performance by approximately 23%. This highlights the strength of our post-COVID recovery and our ability to execute in a challenging environment.
"Strong performance in Aristocrat Gaming more than offset headwinds in the Pixel United business, again highlighting the increasing diversification and resilience of our Group.
We have made further progress in our 'build and buy' strategy to scale in online RMG, with the launch of our new business, Anaxi. While we are focusing first on the North American i-Gaming vertical, we ultimately aim to be the leading gaming platform within the global online RMG industry. We will continue to invest behind this key adjacent growth opportunity as we build Anaxi over the medium-term.
Group revenue increased to $ 5.6 billion, representing a 17.7% increase in reported terms and 12% in constant currency compared to the PCP.
Earnings before interest, Tax, Depreciation and Amortisation of $1,850.9 million was 20% higher on a reported basis and 14% higher on a constant currency basis compared to the PCP.
Strong operating cash flows and superior financial fundamentals were maintained, ensuring the business retains full strategic optionality and the ability to fund both organic invesment and inorganic acceleration options.
The Group's balance sheet maintained the business'optionality, with
a net cash position of $564 million and liquidity of $3.8 billion at 30 September 2022.
Aristocrat made significant progress in executing its 'build and buy' strategy to scale in online RMG, with the launch of its new business, Anaxi. Online RMG is a material growth and diversification opportunity that
will provide further channels for the distribution of the Group's world-leading content. https://ir.aristocrat.com/static-files/84951609-5285-4e43-ae53-12e7c954aa97
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