Aristocrat Leisure (ALL) H1 2026 earnings summary

Executive summary

• Delivered strong first half FY26 results with 19% EPSA growth in constant currency, 16% NPATA growth, and market share gains across all key segments, supported by disciplined execution and strategic investments in AI, talent, and technology.

• Returned $1 billion to shareholders through dividends and share buy-backs in HY26, with the on-market buyback program increased by AUD 1 billion and extended through May 2027.

• Strengthened foundations for future growth, targeting US$1 billion Interactive revenue by FY29 and focusing on operating leverage and efficiency to drive annualized savings of AUD 100 million by FY27.

• Ongoing commitment to sustainability, compliance, responsible gameplay, and leadership development.

Financial highlights

• Revenue reached $3,028.2 million, up 6% in constant currency; segment profit rose 7% in constant currency to $1,531.8 million.

• NPATA grew 16% in constant currency to $794 million; EPSA increased 19% in constant currency to 129.0c.

• EBITDA margin expanded by 2.4 pts to 43.5%, with over 70% recurring revenue.

• Interim dividend of 50.0c per share, up 13.6% year-over-year.

• Returned $981 million to shareholders via buybacks and dividends in the half; $5.1 billion over five years.

Outlook and guidance

• Expects NPATA growth for the full year to 30 September 2026 on a constant currency basis, with continued revenue and market share growth in Gaming, Product Madness, and Interactive.

• Gaming operations net unit growth anticipated at the upper end of the 4,000–5,000 range.

• D&D investment to increase at mid-single digits; Product Madness UA spend expected at 18–21% of revenue.

• Ongoing cost optimization targeting AUD 100 million in annualized savings by FY27.

• Monitoring global tax changes (BEPS Pillar Two) with no material impact expected in the current period.