Shareholder letter for those interested… over $300m EBIT is very impressive… I imagine a further divvy announced in September with the financials.
Dear Shareholders
Year to date performance and outlook
This year continues to demonstrate the ability of the Group to generate meaningful operating profit and cash flow. As we approach the end of our financial year and commence our external audit, it is my pleasure to share a short business update with you and a preview of our likely end of financial year performance.
Preliminary financial highlights for our group include (on a management indicative unaudited basis only):
● Revenue for the first time in excess of A$2 billion for FY21
● Operating profit (EBIT) for the first time in excess of A$300 million for FY21
● Excellent outcomes around customer acquisition and retention, and creating enjoyable games for our customers
Recent trends may or may not continue into the remainder of 2021, and the recent pandemic has created an uncertain external operating environment for us all - making forecasting and short term outlooks difficult to predict.
The Group is likely to release its full year audited financial statements during September 2021, and I look forward to providing you a detailed update at that time, and seeing you all at the Annual General Meeting which will take place later this year.
Announcement of dividend
Recent financial performance continues to be very strong, with the group generating significant cash flows. It remains the Board’s preference to distribute surplus cash profit where appropriate to shareholders and since 30 June 2020, the group has paid $0.35 per share of dividends to shareholders, totaling approximately $211m.
It follows that the Board has declared a $0.12 per share dividend to eligible shareholders as at a record date of 28 June 2021. This dividend will be paid on or about 2 July 2021 and on that basis will form part of the financial year ending 30 June 2022 for shareholders.
This dividend will be franked, although no franking percentage has been determined at this time. In due course (within a few months of the end of the relevant financial year) shareholders will be formally notified (via the issue of distribution statements) of franking credits to be distributed with this and any other potential future dividends paid during this financial year, to maximise this benefit for all shareholders. This dividend will not be declared to be from conduit foreign income. Where applicable, any non-resident withholding tax will be withheld. The same process for formal notification of franking credits in relation to the $0.35 of total dividends paid during the financial year ending 30 June 2021 will also be followed.
Further updates regarding business operations and any future potential capital management will be provided in due course. On this basis, it is important that shareholders keep their information with our share registry, Advanced Share Registry, up-to-date (including address, bank account details and relevant tax information).
Thank you again for your continued support of our business.
