Aristocrat Leisure Limited (ASX: ALL) held its 2026 Annual General Meeting on 19 Feb 2026 in Sydney. The CEO and Managing Director delivered a detailed address covering FY25 performance, strategic priorities and the road ahead. The Aristocrat AGM highlights reflected a business in strong financial shape with clear momentum heading into FY26.
  
Figure 1: Aristocrat Leisure corporate logo. [Source: Wikipedia]
The Company operates across three segments. These are regulated land-based gaming through Aristocrat Gaming, social casino through Product Madness, and regulated online real money gaming through Aristocrat Interactive. With over 7,400 people worldwide, Aristocrat’s mission is to bring joy to life through the power of play.
Revenue and Profit Growth Reflect Disciplined Strategy Execution
- Revenue of US$6.3 billion for FY25, up 11% over the prior year
- Growth driven by organic expansion, market share gains and inclusion of NeoGames for the full period
- EBITDA margin expanded from 40.1% to 41.7%, reflecting a favourable mix and improved operating leverage
- Net profit before amortisation of US$1.6 billion, up 12%
- Earnings per share before amortisation (EPSA) rose 15%, supported by strong earnings and an on-market share buyback program
- The Company finished FY25 with minimal financial leverage and a strong balance sheet
- The sale of Plarium and Big Fish Games’ social casual assets completed, sharpening focus on slot content
Aristocrat AGM Highlights: All Three Segments Deliver Growth in FY25
Aristocrat Gaming revenue grew 9%, and profits increased 7%. The Company added approximately 4,100 units to its North American installed base, which now exceeds 75,000 units. North American Gaming Operations market share reached an all-time high of 43%, up 80 basis points. Outright Sales share rose 120 basis points to 31%. Key titles driving performance included Phoenix Link, Spooky Link and The Baron Portrait cabinet.
Figure 2: Phoenix Link slot title, a key contributor to Aristocrat Gaming’s FY25 performance. [Source: Aristocrat Gaming]
Product Madness delivered Social Casino revenue growth of 5% against a market decline of 9%. Segment profit grew 12% through efficiency gains and increased direct-to-consumer (DTC) revenues. Aristocrat Interactive benefited from NeoGames for the full year. Total Interactive revenue and profits grew 71% and 87%, respectively, inclusive of the NeoPollard Interactive iLottery joint venture.
Aristocrat Company Outlook 2026: Gaming Pipeline Targets Further Share Gains
The Aristocrat Company Outlook 2026 for gaming remains strong. Upcoming titles expected to drive second-half momentum include MONOPOLY Big Board Bucks and Lightning Ten Year Storm. Buffalo Mega Stampede has been a leading performer across Gaming Operations. The Company holds 9 of the top 10 premium leased indexing game titles in North America as at December 2025, based on Eilers’ Game Performance Report.
Figure 3: Aristocrat Gaming showcase highlighting land-based gaming operations and product portfolio. [Source: Fairmont Equities]
Game performance continues to index at 1.4 times the floor. Aristocrat was named the leading land-based supplier in North America for the seventh consecutive year at the EKG Awards. In FY25, adjacencies achieved 29% growth and accounted for 26% of outright sales units. The Company is targeting net additions of 4,000 to 5,000 units in FY26, weighted to the second half.
Aristocrat AGM Highlights: AI and Acquisitions Strengthen Technology Platform
The Company is investing in AI across content creation, quality control, testing and operational efficiency. In October 2025, Aristocrat acquired Awager, a provider in the regulated Live Slot Streaming segment. The Company also acquired Gaming Analytics, which provides AI-powered tools to land-based operators for real-time player analytics, slot optimisation and marketing automation.
Figure 4: Awager platform, acquired by Aristocrat to expand regulated live slot streaming capabilities. [Source: Global Gaming Expo]
The White Label business within Interactive, which contributed US$36 million in FY25 revenues but generated negligible profit, is being exited. Completion is expected within the current financial year. The Aristocrat Leisure AGM 2026 address also noted a recent legal settlement with Light and Wonder.
Leadership Team Strengthened Ahead of Growth Phase
Aristocrat has made several senior leadership changes ahead of its next growth phase:
- Dylan Slaney joined as CEO of Interactive in November, bringing deep iGaming expertise
- Barry French joined in an expanded role as Chief Corporate Affairs and Marketing Officer
- Bob Serr was appointed Chief Technology Officer, with deep expertise in AI and enterprise-scale innovation
- Dafne Guisard joined as Chief Commercial Officer, EMEA, bringing over 20 years of senior leadership experience across commercial growth and digital transformation
Share Price Performance
Aristocrat Leisure (ASX: ALL) shares are currently trading at $49.940 per share. The Company’s market capitalisation stands at $31.04 billion. The 52-week range is $48.230 to $79.950 per share.
Figure 5: Aristocrat Leisure (ASX: ALL) share price performance over the past year. [Source: ASX]
Aristocrat Leisure AGM 2026: FY26 Performance Expected to Be Second-Half Weighted
The Company anticipates another positive year in FY26. Performance is expected to be weighted to the second half, consistent with prior years, given the timing of product launches across Gaming and Interactive. Financial performance year to date is described as positive and consistent with plans. GGR growth has been resilient, with softness in destination markets offset by steady regional trends.
The Aristocrat AGM highlights confirmed the Company reiterates its overarching Group NPATA growth guidance and FY26 modelling inputs provided at the November 2025 results presentation. Aristocrat remains focused on executing its growth strategy with precision, strengthening business resilience and enhancing competitiveness across all markets.
Frequently Asked Questions
Q1. What were the key Aristocrat Leisure AGM 2026 highlights?
Ans. The CEO addressed FY25 revenue of US$6.3 billion, up 11%, net profit before amortisation of US$1.6 billion, up 12%, and outlined growth plans across Gaming, Social Casino and Interactive for FY26.
Q2. What is the Aristocrat Company Outlook 2026 for Gaming Operations?
Ans. The Company is targeting net unit additions of 4,000 to 5,000 in FY26, weighted to the second half. Fee per day is expected to increase over the year. GGR trends have been resilient year to date.
Q3. What acquisitions did Aristocrat make recently?
Ans. Aristocrat acquired Awager in October 2025, a provider in the regulated Live Slot Streaming space, and Gaming Analytics, which provides AI-powered tools to land-based casino operators for analytics and marketing automation.
Q4. What is the current Aristocrat share price?
Ans. Aristocrat Leisure (ASX: ALL) shares are currently trading at $49.940 per share, with a market capitalisation of $31.04 billion and a 52-week range of $48.230 to $79.950 per share.
