A 
5,150.00
-0.96%
Close of 9 Nov 2026, in ZAc
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in ZAR, from our data supplier.
Revenue
ZAR 9.33bn
FY2016FY2025
Net income
ZAR 1.29bn
FY2016FY2025
Free cash flow
ZAR 1.05bn
FY2016FY2025
Shareholders' equity
ZAR 6.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 9.33bn | ZAR 8.52bn | ZAR 7.86bn | ZAR 5.92bn | ZAR 5.50bn | ZAR 5.11bn | ZAR 4.39bn | ZAR 3.94bn | ZAR 3.35bn |
| Research and development | — | ZAR 19.7m | ZAR 17.7m | ZAR 10.6m | ZAR 14.0m | ZAR 14.0m | ZAR 13.1m | ZAR 10.4m | ZAR 10.2m |
| Operating income | ZAR 2.00bn | ZAR 1.95bn | ZAR 1.57bn | ZAR 1.37bn | ZAR 901.8m | ZAR 879.1m | ZAR 808.2m | ZAR 668.0m | ZAR 608.1m |
| Net income | ZAR 1.29bn | ZAR 1.10bn | ZAR 951.0m | ZAR 664.9m | ZAR 461.1m | ZAR 469.4m | ZAR 397.4m | ZAR 369.3m | ZAR 372.4m |
| Diluted earnings per share | 2.32 | 1.99 | 1.74 | 1.22 | 0.85 | 0.87 | 0.74 | 0.69 | 0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 11.30bn | ZAR 10.78bn | ZAR 9.47bn | ZAR 8.07bn | ZAR 7.64bn | ZAR 7.64bn | ZAR 6.28bn | ZAR 5.56bn | ZAR 4.65bn |
| Cash and short-term investments | ZAR 344.8m | ZAR 509.4m | ZAR 381.4m | ZAR 245.0m | ZAR 181.7m | ZAR 170.5m | ZAR 228.5m | ZAR 109.9m | ZAR 128.2m |
| Total liabilities | ZAR 4.57bn | ZAR 4.60bn | ZAR 3.97bn | ZAR 3.66bn | ZAR 3.77bn | ZAR 4.22bn | ZAR 3.11bn | ZAR 2.68bn | ZAR 1.97bn |
| Debt | ZAR 2.99bn | ZAR 3.15bn | ZAR 2.69bn | ZAR 2.60bn | ZAR 2.86bn | ZAR 3.29bn | ZAR 2.60bn | ZAR 1.78bn | ZAR 1.24bn |
| Shareholders' equity | ZAR 6.72bn | ZAR 6.14bn | ZAR 5.45bn | ZAR 4.38bn | ZAR 3.84bn | ZAR 3.40bn | ZAR 3.14bn | ZAR 2.85bn | ZAR 2.65bn |
| Shares outstanding | 554m | 554m | 548m | 546m | 540m | 539m | 536m | 534m | 531m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 2.05bn | ZAR 1.04bn | ZAR 1.38bn | ZAR 898.4m | ZAR 895.1m | ZAR 454.8m | ZAR 616.4m | ZAR 580.2m | ZAR 455.8m |
| Capital spending | −ZAR 992.0m | −ZAR 982.2m | −ZAR 669.0m | −ZAR 342.7m | −ZAR 303.5m | −ZAR 680.7m | −ZAR 529.3m | −ZAR 681.8m | −ZAR 356.6m |
| Free cash flow | ZAR 1.05bn | ZAR 53.9m | ZAR 708.1m | ZAR 555.7m | ZAR 591.6m | −ZAR 225.9m | ZAR 87.1m | −ZAR 101.6m | ZAR 99.2m |
| Dividends paid | −ZAR 659.6m | −ZAR 589.7m | −ZAR 414.9m | −ZAR 223.8m | −ZAR 3.8m | −ZAR 170.7m | −ZAR 190.8m | −ZAR 186.1m | −ZAR 164.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 5.06bn | ZAR 4.65bn | ZAR 4.68bn | ZAR 4.25bn | ZAR 4.27bn | ZAR 3.93bn | ZAR 1.96bn | ZAR 3.93bn |
| Operating income | ZAR 1.11bn | ZAR 1.02bn | ZAR 982.2m | ZAR 1.08bn | ZAR 865.2m | ZAR 823.0m | ZAR 389.5m | ZAR 754.1m |
| Net income | ZAR 709.1m | ZAR 667.7m | ZAR 620.3m | ZAR 570.0m | ZAR 534.7m | ZAR 491.5m | ZAR 245.8m | ZAR 459.5m |
| Diluted earnings per share | 1.29 | 1.21 | 1.12 | 1.03 | 0.97 | 0.90 | 0.45 | 0.84 |
| Cash from operations | ZAR 2.25bn | ZAR 58.0m | ZAR 1.99bn | −ZAR 14.0m | ZAR 1.64bn | −ZAR 105.0m | −ZAR 52.0m | ZAR 1.48bn |
| Capital spending | −ZAR 395.0m | −ZAR 688.0m | −ZAR 303.0m | −ZAR 658.0m | −ZAR 277.0m | −ZAR 398.0m | −ZAR 190.0m | −ZAR 270.0m |
| Free cash flow | ZAR 1.85bn | −ZAR 630.0m | ZAR 1.69bn | −ZAR 672.0m | ZAR 1.36bn | −ZAR 503.0m | −ZAR 242.0m | ZAR 1.21bn |
| Total assets | ZAR 11.76bn | ZAR 11.30bn | ZAR 11.07bn | ZAR 10.78bn | ZAR 10.09bn | ZAR 9.47bn | ZAR 9.47bn | ZAR 9.13bn |
| Cash and short-term investments | ZAR 475.4m | ZAR 344.8m | ZAR 571.0m | ZAR 509.4m | ZAR 410.9m | ZAR 381.4m | ZAR 413.8m | ZAR 353.0m |
| Debt | ZAR 856.5m | ZAR 1.82bn | ZAR 849.2m | ZAR 2.02bn | ZAR 823.8m | ZAR 1.75bn | ZAR 955.3m | ZAR 974.9m |
| Shareholders' equity | ZAR 6.71bn | ZAR 6.72bn | ZAR 6.35bn | ZAR 6.14bn | ZAR 5.78bn | ZAR 5.45bn | ZAR 5.45bn | ZAR 5.18bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 411.8% | 11.2% | 13.2% |
| Operating income | 436.2% | 17.3% | 16.1% |
| Net income | 442.8% | 22.8% | 19.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 22.1% | 21.5% | 21.0% | 19.8% |
| Net margin | 13.4% | 13.0% | 12.0% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.0 | 17.0 | 14.1 | — | 14.4 | 11.1 | 12.4 | 20.2 | 24.4 | 24.5 |
| Price to sales | 2.2 | 2.2 | 1.7 | 142.7 | 1.6 | 0.9 | 1.1 | 1.8 | 2.3 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 9 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.26 | 1.08 | 0.95 | 0.67 | 0.54 | 0.39 | 0.30 | 0.34 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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