ASX listed companies offer certain potentially high growth stocks. These are
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure Limited (ASX: ALL) delivered another year of strong financial performance in FY24, showcasing its resilience and strategic focus. Operating revenue grew by 4.9% to A$6,603.6 million, while EBITDA surged 18.5% to A$2,469.1 million, driving the EBITDA margin higher to 37.4% from 33.1% in FY23. Net profit after tax (NPAT) increased 16.6% to A$1,452.0 million, and fully diluted earnings per share (EPS) rose by an impressive 19.7% to 226.9 cents. Reflecting its commitment to shareholders, the company raised its total dividend per share by 21.9% to 78.0 cents. Aristocrat demonstrated disciplined financial management, achieving strong cash flow conversion and maintaining a robust balance sheet. Although operating cash flow slightly declined, and net debt rose to A$1,139.8 million, the company maintained a prudent net debt-to-EBITDA ratio of just 0.4x.
A key highlight of FY24 was the announced divestment of Plarium Global Limited by Pixel United Holdings, a subsidiary of Aristocrat. The transaction, valued at US$620 million in fixed consideration (US$600 million at closing and US$20 million deferred to April 2026), also includes up to US$200 million in contingent payments based on Plarium’s financial performance from 2025 to 2028. The sale aligns with Aristocrat’s broader strategic focus on accelerating Aristocrat Interactive’s growth toward its FY29 US$1 billion revenue target. Geographically, North America Gaming Operations and Aristocrat Interactive emerged as strong growth drivers. Strategic acquisitions like NeoGames, combined with continued investments in R&D and disciplined cost optimisation, supported a 20% EPS increase. Share buy-back initiatives further enhanced shareholder value. Looking ahead, Aristocrat’s strategy remains focused on scaling content to penetrate broader markets in North America and Europe, particularly in the fast-growing online and mobile gaming sectors. By leveraging its industry-leading investment in innovation and maintaining a strong financial position, the company, one of the best growth stocks to buy now is well-positioned for sustained growth. With a disciplined approach to execution and a commitment to delivering long-term shareholder returns, Aristocrat is on track to achieve its ambitious growth targets, including the FY29 goal for Aristocrat Interactive, while continuing to expand its leadership across key markets.
Lendlease Group (ASX: LLC)
Lendlease Group (ASX: LLC) has made significant moves in its efforts to simplify operations and focus on its core Australian and international investments. On 2 January 2025, the company announced the sale of its UK Construction business to Atlas Holdings, an industrial holding company with experience in the construction sector. This marks a major step in Lendlease’s strategy to exit its international construction operations, ahead of the previously planned 18-month timeline. The transaction, which is expected to close before the end of FY25, involves a £35 million cash consideration, with a portion deferred until June 2026. The net cash outflow from the transaction is projected to be around $100 million due to the unwind of negative working capital, although the impact on profits is expected to be neutral after adjusting for retained risks.
on 29 November 2024, Lendlease completed the sale of 12 Australian masterplanned Communities projects to Stockland Corporation and Supalai Australia Holdings for $1.06 billion. This transaction contributes to Lendlease’s goal of recycling $2.8 billion in capital for FY25. The sale has brought in a $515 million payment, with additional payments expected by 30 June 2025. While the exclusion of certain land parcels from the transaction will impact profits for FY25, the company has identified other opportunities to offset this, with a focus on maintaining profitability and strengthening its balance sheet.
Lendlease’s earnings guidance for FY25 remains unchanged, with anticipated Group Earnings Per Security between 54 to 62 cents, though a significant portion of this is expected in the second half of the year. This is due to delays in the completion of the Military Housing sale, which is expected to contribute $145-$160 million. The company also projects a reduction in gearing by the second half of FY25, as substantial cash inflows from apartment settlements, the final installment of the Communities transaction, and proceeds from the Military Housing sale are expected.
Source: Company’s Report
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