9,973.00
+0.99%
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 32.18bn
FY2016FY2025
Net income
ZAR 366.0m
FY2016FY2025
Free cash flow
ZAR 1.63bn
FY2016FY2025
Shareholders' equity
ZAR 11.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 32.18bn | ZAR 33.60bn | ZAR 34.94bn | ZAR 35.58bn | ZAR 26.05bn | ZAR 24.11bn | ZAR 24.80bn | ZAR 23.31bn | ZAR 18.48bn | ZAR 18.60bn |
| Gross profit | ZAR 11.18bn | ZAR 10.77bn | ZAR 11.32bn | ZAR 9.85bn | ZAR 8.15bn | ZAR 7.96bn | ZAR 8.30bn | ZAR 7.79bn | ZAR 6.22bn | ZAR 6.04bn |
| Research and development | — | ZAR 91.0m | ZAR 79.0m | ZAR 81.0m | ZAR 71.0m | ZAR 65.0m | ZAR 64.0m | ZAR 61.0m | ZAR 50.0m | ZAR 52.0m |
| Operating income | ZAR 2.46bn | ZAR 1.54bn | ZAR 2.44bn | ZAR 2.05bn | ZAR 2.05bn | ZAR 917.0m | ZAR 2.03bn | ZAR 1.95bn | ZAR 1.58bn | ZAR 1.33bn |
| Net income | ZAR 366.0m | −ZAR 279.0m | ZAR 1.18bn | ZAR 930.0m | ZAR 1.19bn | ZAR 137.0m | ZAR 1.29bn | ZAR 993.0m | ZAR 953.0m | ZAR 780.0m |
| Diluted earnings per share | 3.47 | -2.64 | 10.80 | 8.89 | 11.92 | 1.23 | 11.78 | 9.17 | 8.43 | 7.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 24.40bn | ZAR 27.24bn | ZAR 27.94bn | ZAR 28.43bn | ZAR 24.18bn | ZAR 23.64bn | ZAR 23.13bn | ZAR 22.27bn | ZAR 15.97bn | ZAR 15.82bn |
| Cash and short-term investments | ZAR 4.75bn | ZAR 2.92bn | ZAR 2.54bn | ZAR 2.53bn | ZAR 2.33bn | ZAR 3.97bn | ZAR 2.21bn | ZAR 1.80bn | ZAR 1.36bn | ZAR 1.66bn |
| Total liabilities | ZAR 12.77bn | ZAR 15.17bn | ZAR 15.53bn | ZAR 16.60bn | ZAR 12.59bn | ZAR 12.83bn | ZAR 12.05bn | ZAR 12.07bn | ZAR 6.62bn | ZAR 6.77bn |
| Debt | ZAR 4.44bn | ZAR 6.14bn | ZAR 6.38bn | ZAR 7.54bn | ZAR 4.82bn | ZAR 6.04bn | ZAR 6.07bn | ZAR 5.76bn | ZAR 1.76bn | ZAR 1.84bn |
| Shareholders' equity | ZAR 11.48bn | ZAR 11.91bn | ZAR 12.25bn | ZAR 11.64bn | ZAR 11.42bn | ZAR 10.65bn | ZAR 10.92bn | ZAR 10.05bn | ZAR 9.24bn | ZAR 8.92bn |
| Shares outstanding | 106m | 106m | 109m | 105m | 100m | 111m | 110m | 108m | 113m | 109m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 2.47bn | ZAR 1.88bn | ZAR 3.59bn | −ZAR 683.0m | ZAR 726.0m | ZAR 2.53bn | ZAR 1.27bn | ZAR 1.46bn | ZAR 724.0m | ZAR 1.48bn |
| Capital spending | −ZAR 835.0m | −ZAR 973.0m | −ZAR 1.30bn | −ZAR 1.54bn | −ZAR 774.0m | −ZAR 631.0m | −ZAR 819.0m | −ZAR 811.0m | −ZAR 626.0m | −ZAR 498.0m |
| Free cash flow | ZAR 1.63bn | ZAR 910.0m | ZAR 2.29bn | −ZAR 2.23bn | −ZAR 48.0m | ZAR 1.90bn | ZAR 455.0m | ZAR 647.0m | ZAR 98.0m | ZAR 985.0m |
| Dividends paid | −ZAR 359.0m | −ZAR 155.0m | −ZAR 733.0m | −ZAR 760.0m | −ZAR 741.0m | −ZAR 167.0m | −ZAR 594.0m | −ZAR 543.0m | −ZAR 497.0m | −ZAR 433.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 15.07bn | ZAR 16.49bn | ZAR 15.69bn | ZAR 16.02bn | ZAR 17.58bn | ZAR 8.79bn | ZAR 19.10bn | ZAR 9.55bn |
| Gross profit | ZAR 1.16bn | ZAR 1.33bn | ZAR 703.0m | ZAR 1.08bn | ZAR 840.0m | ZAR 420.0m | ZAR 10.05bn | ZAR 5.02bn |
| Operating income | ZAR 1.16bn | ZAR 1.33bn | ZAR 699.0m | ZAR 1.08bn | ZAR 818.0m | ZAR 420.0m | ZAR 1.30bn | ZAR 651.0m |
| Net income | ZAR 368.0m | ZAR 54.0m | ZAR 312.0m | −ZAR 527.0m | ZAR 248.0m | ZAR 123.0m | ZAR 543.0m | ZAR 270.5m |
| Diluted earnings per share | 3.46 | 0.51 | 2.96 | -4.99 | 2.35 | 1.17 | 4.98 | 2.48 |
| Cash from operations | −ZAR 507.0m | ZAR 2.06bn | ZAR 411.0m | ZAR 2.02bn | −ZAR 134.0m | −ZAR 67.0m | ZAR 2.60bn | ZAR 1.30bn |
| Capital spending | −ZAR 417.0m | −ZAR 553.0m | −ZAR 282.0m | −ZAR 436.0m | −ZAR 537.0m | −ZAR 268.0m | −ZAR 665.0m | −ZAR 332.0m |
| Free cash flow | −ZAR 924.0m | ZAR 1.50bn | ZAR 129.0m | ZAR 1.58bn | −ZAR 671.0m | −ZAR 335.0m | ZAR 1.94bn | ZAR 968.0m |
| Total assets | ZAR 23.18bn | ZAR 24.40bn | ZAR 24.12bn | ZAR 27.24bn | ZAR 27.12bn | ZAR 27.12bn | ZAR 27.94bn | ZAR 27.94bn |
| Cash and short-term investments | ZAR 3.45bn | ZAR 4.75bn | ZAR 2.89bn | ZAR 2.92bn | ZAR 2.72bn | ZAR 2.72bn | ZAR 2.54bn | ZAR 2.64bn |
| Debt | ZAR 3.96bn | ZAR 4.07bn | ZAR 4.74bn | ZAR 5.51bn | ZAR 6.72bn | ZAR 2.01bn | ZAR 5.71bn | ZAR 1.01bn |
| Shareholders' equity | ZAR 11.65bn | ZAR 11.48bn | ZAR 11.65bn | ZAR 11.91bn | ZAR 12.31bn | ZAR 12.31bn | ZAR 12.25bn | ZAR 12.25bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.3% | 5.9% | 5.7% |
| Operating income | 6.3% | 21.8% | 3.7% |
| Net income | -26.7% | 21.7% | -9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.4% | 31.6% | 31.8% | 32.3% |
| Operating margin | 6.1% | 6.2% | 6.1% | 6.9% |
| Net margin | 0.1% | 1.6% | 1.9% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.8 | -33.1 | 10.2 | 9.9 | 9.4 | 70.6 | 9.1 | 9.1 | 11.9 | 14.1 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 2 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.44 | 3.19 | 1.19 | 6.80 | 6.99 | 6.50 | 5.14 | 5.22 |
- 1-to-1 reverse split · 1 Jul 2004
- 1-to-1 reverse split · 8 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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