Aristocrat Leisure Limited · ASX:ALL
Aristocrat Leisure — Investor Presentation (November 2025)
35 slides from Aristocrat Leisure's investor presentation, Nov 12, 2025
Slide 1: FY25 Results Investor Presentation
FY25 Results Investor Presentation Sydney, 12 November 2025 Aristocrat Leisure Limited (Aristocrat) today provides the attached Aristocrat Full Year Results Investor Presentation. Authorised for lodgement by: Emma Leske, Company Secretary Further Information: Investors: Media: James Coghill Peter Br
Slide 2: Full-Year 2025 Results Investor Presentation
Full-Year 2025 Results Investor Presentation 12 November 2025 Bringing joy to life through the power of play
Slide 3: FY25 result highlights
FY25 result highlights Strong 2H25 Revenue Segment Profit Delivered $6.3bn +11% $3.2bn +12% +15% FY25 EPSA growth through Competitive & aligned portfolio, Disciplined cost management, successful enterprise portfolio investment supporting organic effective execution & scale realignment & strategic ex
Slide 4: Strategy Overview
Strategy Overview Full-Year 2025 Results
Slide 5: Proven growth strategy
Proven growth strategy Aristocrat is a global entertainment and gaming content creation leader, powered by technology Delivering superior, long-term profit growth Investing, Innovating Growing & Differentiating & Protecting IP Distributing Enablers • Unleash & support extraordinary talent • Market s
Slide 6: Extending a track record of financial performance
Extending a track record of financial performance Consistent growth underpinned by operational breadth and strong execution Revenue1 (A$bn) Revenue diversification1,3 (A$bn) +11% YoY2 80% 72% +9% CAGR 6.3 6.3 3.5 4.0 5.6 5.7 2.8 3.6 4.7 2.2 1.7 4.1 2.5 2.6 2.7 1.7 1.8 2.4 0.5 FY20 FY21 FY22 FY23 FY2
Slide 7: Ongoing progress in Sustainability
Ongoing progress in Sustainability Our ambition: To uphold high standards of governance and responsibility; to positively impact our people, customers and communities STRATEGIC PILLARS Good Governance & Empowering Operational People & Responsible Business Safer Play Sustainability & Climate Communit
Slide 8: Group Results & Financial Summary
Group Results & Financial Summary Full-Year 2025 Results
Slide 9: Group results summary
Group results summary Revenue growth across all segments, with operating leverage supporting profit performance Change o Revenue up 11% (8% in constant currency), with organic growth and market A$ million 2025 2024 % share gains across the portfolio, and the inclusion of NeoGames for the full Normal
Slide 10: Profit reconciliation
Profit reconciliation Profit uplift driven by Gaming and Product Madness, and full year of NeoGames contribution in Interactive NPATA BRIDGE (A$m)1 NPATA FY24 1,382.0 Aristocrat Gaming 52.3 Product Madness 60.5 Aristocrat Interactive 69.7 Corporate Costs & Other 13.8 Group D&D Expenses (13.1) Net In
Slide 11: Cash flow
Cash flow Strong cash generation; Operating cash flow of $1.9 billion A$ million 2025 2024 Change % o Increase in operating cash flow reflects continued business growth 1 EBITDA from continuing operations 2,628.9 2,274.4 15.6 o Change in net working capital reflects an increase in receivables from 1
Slide 12: Capital allocation framework, balance sheet and liquidity
Capital allocation framework, balance sheet and liquidity Capital allocation framework supports long-term growth strategy and maximises shareholder returns o Free cash flow funds growth investment (organic and inorganic) • Post year end, Aristocrat completed the acquisition of Awager Investment driv
Slide 13: Fully funding strategic organic growth
Fully funding strategic organic growth Ongoing investment to support growth, with discipline across D&D and UA to optimise returns Total spend as a % of revenue YoY1 31% 29% 27% 27% 25% Investment Spend1 (A$m) 1,612 1,521 1,566 1,452 1,458 269 228 458 494 453 676 308 696 283 268 722 759 800 667 528
Slide 14: Design & Development investment
Design & Development investment Industry-leading Design & Development investment maintained D&D spend1 (A$m) FY24 FY25 Future disclosure approach +5.1%2 +5.4%2 398 402 398 374 385 324 67 88 73 50 77 42 124 120 108 105 102 97 207 204 206 206 220 185 1H23 2H23 1H24 2H24 1H25 2H25 Proforma Aristocrat G
Slide 15: Operational Performance
Operational Performance Full-Year 2025 Results
Slide 16: Aristocrat Gaming
Aristocrat Gaming Growth driven by strong performance in global Outright Sales and continued share gains across the portfolio Summary Profit or Loss 2025 2024 Change % o Revenue growth of ~9% led by strong performance in global Outright Sales, supported by the depth and strength of the portfolio Ari
Slide 17: Product Madness
Product Madness Momentum in Social Casino with margin improvement; ranked #1 in Social Slots with 21% market share1 Summary Profit or Loss 2025 2024 Change % o A transformational year for Product Madness, with refreshed leadership and more effective integration into the enterprise Product Madness o
Slide 18: Aristocrat Interactive
Aristocrat Interactive Interactive continues to accelerate, with positive momentum in iLottery and Content Summary Profit or Loss 2025 2024 Change % o Total revenue and profit growth reflects the inclusion of NeoGames for the Aristocrat Interactive full year, organic growth in iLottery and the conti
Slide 19: Outlook
Outlook Full-Year 2025 Results
Slide 20: Outlook
Outlook Aristocrat expects to deliver NPATA growth over the full year to 30 September 2026 on a constant currency basis, reflecting: Continued revenue and market share growth from Aristocrat Gaming, supported by resilient underlying GGR growth in key markets Continued market share growth from Produc
Slide 21: Q&A
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Slide 22: Appendices
Appendices Full-Year 2025 Results
Slide 23: FY26 modelling inputs
FY26 modelling inputs Operating items: • D&D investment expected to increase at mid-single digits compared to FY25 on a constant currency basis • Product Madness UA spend expected to be in the range of 18 - 21% of revenue Non-operating items: • Net interest expense to include interest paid on US dol
Slide 24: Group results summary
Group results summary Group Performance Reconciliation of statutory profit to NPATA Reported Constant A$ million 2025 2024 Reported Currency Currency Currency Profit after tax from continuing operations 1,184.1 1,150.8 Variance Variance A$ million 2025 2024 % % Profit after tax from discontinued ope
Slide 25: Aristocrat Gaming
Aristocrat Gaming Aristocrat Gaming (A$m) North America (US$m) Rest of World (A$m) Summary of Performance 2025 2024 2025 2024 2025 2024 Revenue 3,960.0 3,628.6 2,017.7 1,918.2 813.7 731.6 EBITDA 2,476.7 2,275.5 1,358.2 1,289.2 358.7 330.6 Depreciation and Amortisation (315.6) (253.9) (192.6) (158.6)
Slide 26: Product Madness
Product Madness Product Madness (US$m) Product Madness (US$m) Summary of Performance 2025 2024 Bookings 2025 2024 Bookings 1,153.9 1,129.7 Bookings by Genre Revenue 1,154.3 1,130.3 Social Casino 1,054.0 1,008.2 EBITDA 522.7 475.3 Social Casual 99.9 121.5 Depreciation and Amortisation (6.5) (12.6) To
Slide 27: Aristocrat Interactive
Aristocrat Interactive Interactive (US$m) Interactive (US$m) Summary of Performance 2025 2024 Summary of Performance 2025 2024 1 Reported Revenue 344.3 223.9 Revenue Total Revenue (incl. share of NPI JV revenue) 442.2 258.8 iLottery 55.9 22.3 EBITDA 134.0 71.5 Content 92.9 48.7 Depreciation and Amor
Slide 28: Investment proposition
Investment proposition Established and trusted industry leader with proven ability to deliver sustainable, long-term profit growth Large & Growing Markets Defensive Growth Stable Growth High Growth Content & Creativity World-class content that resonates across all three verticals Core Strengths Rela
Slide 29: Aristocrat Gaming - Overview
Aristocrat Gaming - Overview A leader in North America Gaming Operations with market-leading FPD; Strong diversified game portfolio A$4.0bn 9.1% A$2.2bn 6.9% 54.6% (1.1) pts FY25 Revenue FY25 Profit FY25 Margin Largest footprint in North America Gaming Operations 75,225 US$53.23 #1 overall supplier
Slide 30: Product Madness - Overview
Product Madness - Overview Global publisher with strong & diversified portfolio; Market-leading share in Social Slots; Targeted investment in Live Ops, features, content and UA to drive long-term, profitable growth US$1.2bn 2.1% US$0.5bn 11.6% 44.7% 3.8 pts FY25 Revenue FY25 Profit FY25 Margin Portf
Slide 31: Aristocrat Interactive - Overview
Aristocrat Interactive - Overview Content and technology solutions provider for online RMG and land-based casino systems; Strong momentum across the business US$442m 70.9% US$131m 87.0% 29.6% 2.6 pts FY25 Total Revenue1 FY25 Profit1 FY25 Margin1 iLottery remains the market leader in the US Revenue1
Slide 32: Glossary of terms
Glossary of terms Gaming Mobile Gaming Established, regulated markets outside traditional markets where Aristocrat Average bookings per Daily Active User. Total bookings in each period, divided by Adjacencies ABPDAU competes to take share by bringing innovation in games and technology the number of
Slide 33: Glossary of terms
Glossary of terms Online Real Money Gaming Financial & Other Business-to-Business. That is, business activities carried out between two or Amortisation of Amortisation of acquired intangibles arises from acquisitions of controlled B2B more companies without consumer contact acquired intangibles enti
Slide 34: Disclaimer
Disclaimer This document and any oral presentation subsequent forecasts, will not vary significantly This document makes reference to certain non- accompanying it has been prepared in good faith, from such forecasts, forward looking statements International Financial Reporting Standards (non- howeve
Slide 35: Arce ANNTIC: = “Fivsivess §— ARSTOGANT
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