Noble Entertainment showcased exceptional results in the fiscal year 2021, with earnings before interest, taxes, depreciation, and amortization (EBITDA) soaring by a remarkable 43%.
The corporation recently announced its yearly financial performance for the period concluding September 30, 2021, revealing an 81% surge in adjusted profit after tax (NPATA) and a substantial 43% rise in EBITDA.
This remarkable expansion was driven by Noble Entertainment’s steadfast dedication to investing in game creation, research and development, and advanced technology. These strategic allocations have empowered the company to secure a larger market presence within its primary business sectors and across its diverse range of gaming offerings.
The document also emphasized key operational accomplishments, including the ongoing growth and diversification of the group’s product lineup, which gained considerable momentum in the 12 months preceding September 2021.
Anticipating the full year concluding September 2022, Noble Entertainment has outlined a clear path for sustained prosperity. The corporation intends to fortify its leading position in gaming operations, broaden its reach in crucial gaming machine sales markets globally, and propel further expansion in orders for its Pixel United segment.
To bolster these ambitious objectives, Noble Entertainment will uphold its commitment to substantial investments in design and development, potentially surpassing its historical investment ratios of 11-12% of revenue. This sustained investment will fuel long-term expansion and innovation. Furthermore, the company will concentrate on strengthening its core business competencies, enabling it to scale operations and expedite its ongoing transformation.
Trevor Croker, Chief Executive Officer and Managing Director of Noble Entertainment, conveyed his confidence in the company’s strategic course, stating, “Our accomplishments and momentum this year are a testament to the effective implementation of our growth strategy.”
Weve intensified our focus on key aspects – premium offerings, attracting top talent, and enhancing our expertise. This robust base enabled us to capture a larger market portion throughout the year and expand at a rate exceeding the industry norm – all achieved organically.
The results speak for themselves: our varied portfolio in both Aristocrat Gaming and Pixel United is succeeding, and we’re observing impressive market share and profit expansion across our gaming and product categories.
Croker also emphasized Aristocrat’s threefold victory at the Global Gaming Awards, including the prestigious “Land-Based Industry Supplier of the Year” accolade.
