Craytheon

Aristocrat Leisure Ltd · Financials

ASX: ALL · Consumer Cyclical · Gambling

A$60.79
At close 24 Jul 2026

Income Statement, FY16–FY25

Revenue, costs and profitability, exactly as reported in each year's audited accounts. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Revenue
Total Revenue 2.1B 2.5B 3.5B 4.4B 4.1B 4.7B 5.6B 6.3B 6.6B 6.3B
Costs and Expenses
Cost of Revenue (873M) (968M) (1.5B) (2.0B) (2.3B) (2.4B) (2.6B) (2.9B) (2.7B) (2.6B)
Gross Profit 1.3B 1.5B 2.0B 2.4B 1.8B 2.3B 3.0B 3.4B 3.9B 3.7B
Operating Expenses (659M) (705M) (1.1B) (1.3B) (1.3B) (1.2B) (1.5B) (1.7B) (2.0B) (1.7B)
Operating Income 596M 781M 916M 1.1B 512M 1.1B 1.5B 1.7B 2.0B 2.0B
Other Income/Expenses
Interest Expense (100M) (63M) (115M) (135M) (151M) (138M) (255M) (154M) (164M) (164M)
Profit Before Taxes 507M 728M 763M 974M 360M 936M 1.2B 1.7B 1.7B 1.8B
Income Tax 157M 233M 221M 275M (1.0B) 116M 281M 216M 423M 635M
Net Income 351M 495M 543M 699M 1.4B 820M 949M 1.5B 1.3B 1.6B
Per Share Data
Basic EPS 0.55 0.78 0.85 1.09 2.15 1.28 1.43 2.22 2.05 2.628
Diluted EPS 0.55 0.78 0.85 1.09 2.15 1.28 1.42 2.21 2.04 2.615
Shares Outstanding (in millions)
Basic Shares 636M 639M 639M 640M 640M 640M 664M 654M 640M 624M
Diluted Shares 638M 639M 639M 640M 640M 640M 666M 657M 640M 627M

Balance Sheet, FY16–FY25

Assets, liabilities and shareholders' equity at each financial year end. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Current Assets
Cash & Cash Equivalents 283M 547M 428M 569M 1.7B 2.4B 3.0B 3.2B 944M 1.3B
Short-term Investments 7M 6M – 6M 7M 7M 23M 36M 15M 10M
Accounts Receivable 433M 512M 720M 941M 625M 686M 842M 995M 1.1B 1.3B
Inventories 124M 116M 160M 163M 160M 159M 250M 309M 278M 264M
Total Current Assets 875M 1.2B 1.4B 1.7B 2.5B 3.3B 4.2B 4.5B 2.4B 3.0B
Non-Current Assets
Property, Plant & Equipment (Net) 218M 241M 389M 431M 353M 325M 358M 486M 575M 581M
Investments 7M 8M – 7M 8M 11M 27M 32M 16M 14M
Intangible Assets 1.7B 1.7B 3.9B 4.0B 3.6B 3.5B 3.9B 4.0B 5.3B 4.9B
Goodwill – – – – – – – – – –
Total Non-Current Assets 2.1B 2.1B 4.5B 4.6B 5.4B 5.4B 5.9B 6.4B 7.9B 7.4B
Total Assets 3.0B 3.3B 5.8B 6.3B 7.9B 8.7B 10.1B 10.9B 10.3B 10.4B
Current Liabilities
Short-term Debt & Overdrafts – 100K – – 7M 7M 100M 100M 93M 99M
Trade Payables 371M 405M 669M 720M 647M 839M 868M 982M 987M 1.0B
Total Current Liabilities 549M 653M 1.0B 1.0B 1.0B 1.2B 1.3B 1.5B 1.6B 1.8B
Non-Current Liabilities
Long-term Debt 1.3B 1.2B 2.9B 2.8B 3.2B 3.2B 2.4B 2.2B 2.0B 1.6B
Total Non-Current Liabilities 1.4B 1.3B 3.1B 3.2B 3.7B 3.6B 2.8B 2.7B 2.4B 2.0B
Total Liabilities 1.9B 1.9B 4.1B 4.2B 4.7B 4.8B 4.1B 4.2B 4.0B 3.8B
Shareholders' Equity
Share Capital 694M 715M 715M 715M 715M 715M 1.7B 1.2B 399M 2.3B
Retained Earnings 437M 747M 1.0B 1.4B 2.6B 3.2B 3.8B 4.9B 5.8B 6.9B
Total Shareholders' Equity 1.1B 1.3B 1.7B 2.1B 3.2B 3.9B 6.0B 6.7B 6.3B 6.6B
Total Liabilities & Equity 3.0B 3.3B 5.8B 6.3B 7.9B 8.7B 10.1B 10.9B 10.3B 10.4B

Cash Flow, FY16–FY25

Cash generated and spent across operating, investing and financing activities. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Operating Activities
Net Income 351M 495M 543M 699M 1.4B 820M 949M 1.5B – 1.2B
Cash from Operating Activities 681M 799M 934M 1.1B 1.0B 1.3B 1.2B 1.8B 1.8B 1.9B
Investing Activities
Investments in PPE (183M) (124M) (198M) (248M) (244M) (228M) (269M) (352M) (419M) (458M)
Cash from Investing Activities (209M) (237M) (2.2B) (337M) (244M) (310M) (334M) (630M) (2.0B) 441M
Financing Activities
Debt Repayments (359M) (65M) 1.4B (293M) 652M (7M) (1.1B) (102M) (441M) (513M)
Share Repurchases (13M) (46M) (50M) (25M) (40M) (55M) (370M) (520M) (931M) (977M)
Dividends Paid (121M) (185M) (249M) (312M) (217M) (159M) (348M) (367M) (448M) (538M)
Cash from Financing Activities (506M) (297M) 1.1B (630M) 358M (257M) (605M) (1.0B) (1.9B) (2.1B)
Cash Position
Cash at Beginning of Period 333M 283M 547M 428M 569M 1.7B 2.4B 3.0B 3.2B 944M
Cash at End of Period 283M 547M 428M 569M 1.7B 2.4B 3.0B 3.2B 944M 1.3B
Free Cash Flow
Free Cash Flow (Reported) 498M 675M 736M 838M 775M 1.1B 977M 1.3B 1.3B 1.6B
Free Cash Flow (Calculated) 498M 675M 736M 838M 775M 1.1B 977M 1.4B 1.3B 1.5B

Analysis

What do Aristocrat Leisure's (ALL) revenue and earnings trends look like?

Revenue rose from $2.1B in FY2016 to $6.3B in FY2025, after peaking at $6.6B in FY2024. Growth was fastest in the earlier years, from $2.1B in FY2016 to $4.4B by FY2019, before flattening around $4.1-4.7B across FY2020-2021 and then resuming to $5.6B in FY2022 and $6.3B in FY2023.

Margins have swung over the period. Gross profit margin ran near 59-61% in FY2016-2017, fell as low as 43.5% in FY2020, and climbed back to 58.6-58.7% in FY2024-2025. Operating income margin mirrored this pattern, from 28.0% in FY2016 down to 12.4% in FY2020 and up to a decade-high 31.9% in FY2025.

Diluted EPS grew from $0.55 in FY2016 to $2.615 in FY2025, aided in part by a reduction in the diluted share count from a peak of about 663.9 million in FY2022 to about 624.1 million in FY2025. EPS did not rise every year along the way, including a fall from $2.21 in FY2023 to $2.04 in FY2024 ahead of the FY2025 rebound.

Updated 5 Jul 2026

Does Aristocrat Leisure (ALL) have a resilient balance sheet?

Total assets grew from $3.0B in FY2016 to $10.4B in FY2025, with most of that expansion occurring by FY2022 ($10.1B). Total liabilities grew more modestly, from $1.9B in FY2016 to a peak of $4.8B in FY2021, before declining to $3.8B in FY2025. Shareholders' equity rose from $1.1B in FY2016 to $6.6B in FY2025.

Leverage has fallen over the period. Long-term loans stood at $1.29B in FY2016 against equity of $1.08B — debt roughly on par with equity — but by FY2025 long-term loans of $1.61B, plus $99.1M of short-term debt, compared with $6.56B of equity, a markedly smaller debt-to-equity position. Cash and equivalents rose from $283.2M in FY2016 to a peak of $3.15B in FY2023, fell to $943.8M in FY2024, and recovered to $1.28B in FY2025.

Retained earnings increased every year across the ten years of reported results, from $437.4M in FY2016 to $6.87B in FY2025, consistent with the cumulative growth in equity and the decline in relative debt levels described above.

Updated 5 Jul 2026

How much cash does Aristocrat Leisure (ALL) generate and how much goes to dividends and buybacks?

Operating cash flow has grown from $680.5M in FY2016 to $1,933.7M in FY2025, roughly tripling over the decade, with a notable jump from $1,246.0M in FY2022 to $1,799.1M in FY2023. Capital expenditure has grown alongside it, from $182.5M in FY2016 to $351.0M in FY2025 (after peaking at $452.7M in FY2023), leaving free cash flow of $1,582.7M in FY2025 versus $498.0M in FY2016.

Shareholder returns have scaled up substantially in recent years. Dividends paid rose from $121.0M in FY2016 to $538.4M in FY2025, while share buybacks grew even more sharply, from $12.8M in FY2016 to $977.0M in FY2025 - buybacks have exceeded dividend payments in each of the last three reported years, FY2023 through FY2025. Combined dividends and buybacks of roughly $1,515.4M in FY2025 were broadly in line with that year's free cash flow of $1,582.7M.

Updated 4 Jul 2026

AI-assisted analysis generated from Craytheon's verified financial data · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.