Aristocrat revenue falls 3% to A$6.09bn in FY26 as NPATA rises 2%

Aristocrat Leisure reported a 3% fall in revenue to A$6.09bn for the 12 months to 30 September 2026, in results covered by NEXT.io. Over the same period, normalised NPATA (net profit after tax and amortisation) increased 2% to $1.45bn.

The company also confirmed the departure of chief executive Trevor Croker alongside the results. Operators that buy Aristocrat content or platform services should note the exit from the white label market and the rising weight of direct-to-consumer channels.

What happened

Aristocrat said that, with currency movements stripped out, revenue grew 4% year on year. EBIT was marginally higher at $2.07bn, and NPATA grew 2%.

Metric (FY26)	Figure	Change
Revenue	A$6.09bn	Down 3%
EBIT	$2.07bn	Marginally higher
NPATA	$1.45bn	Up 2%
Gross profit	$3.75bn	Down 2%
Pre-tax profit	$2.1bn	Up 16%
Profit from continuing operations	$1.36bn	Up 15%
Profit after tax	$1.37bn	Down 16%
Total comprehensive income	$1.08bn	Down 37%

By division, Gaming remained the largest earner, with revenue up 2% to $4.02bn. Aristocrat linked this to growth in its North American gaming operations, where the installed base expanded by roughly 6,500 units, reaching close to 82,000 machines.

Product Madness revenue fell 13.2% to $1.56bn, primarily because of the sale of certain assets from the Big Fish social casual games business. Interactive revenue declined 5% to $509.6m, mainly reflecting Aristocrat's decision, taken earlier in the year, to leave the white label market, which affected its Platforms segment. The company nonetheless cited "strong momentum" in iLottery after launches in Massachusetts and Michigan.

Reduced operating costs cushioned the drop in revenue and lifted pre-tax profit, even as gross profit slipped. Profit after tax fell because discontinued operations contributed $7m this year, against $456.2m a year earlier. Foreign exchange differences on overseas operations were negative $311.6m, compared with a positive $261.3m in 2025, which pulled total comprehensive income down from $1.71bn.

Croker said new content launches helped win share across "key segments and channels". He added that "H2 product launches across Gaming and Interactive are providing clear momentum into FY27," and said Product Madness continues to grow in a declining market.

After the announcements, Aristocrat's share price touched a low of A$61.18 before the close at A$65.02, a 1.32% decline from the previous close.

Why it matters

Operators that relied on Aristocrat's white label route through its Platforms segment should check what the exit means for their contracts, technology and content access. Aristocrat attributed the fall in Interactive revenue mainly to that decision, so the retreat is large enough to show up in group figures.

Affiliates and operators tracking supplier strategy may also note the stated shift towards direct-to-consumer channels in the company's outlook. That is likely to affect how Aristocrat's mobile titles are distributed and marketed, although the sources give no detail on the mechanics.

The iLottery launches in Massachusetts and Michigan, together with planned further investment in iLottery and content, indicate where Aristocrat is placing its Interactive resources. Operators and platform partners in those states could find the supplier more active in the lottery segment.

The chief executive change is also relevant for partners, because the strategy set out in the results will pass to a new leader. The sources do not name a successor or give a timetable.

What's next

In its initial outlook, Aristocrat points to higher NPATA in the next financial year, measured at constant currency. The company expects that growth to be underpinned by gains in revenue and market share in Gaming and Product Madness, along with growing input from direct-to-consumer channels. It also expects Interactive to pick up pace, driven by more investment in iLottery and a broader content business, as it works towards its US$1bn revenue target by FY29.