8,412.00
-0.10%
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 16.24bn
FY2017FY2026
Net income
ZAR 2.56bn
FY2017FY2026
Free cash flow
ZAR 2.90bn
FY2017FY2026
Shareholders' equity
ZAR 5.86bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 16.24bn | ZAR 16.02bn | ZAR 15.86bn | ZAR 14.92bn | ZAR 13.85bn | ZAR 13.27bn | ZAR 13.21bn | ZAR 13.15bn | ZAR 13.44bn | ZAR 13.18bn |
| Gross profit | ZAR 6.88bn | ZAR 6.84bn | ZAR 6.61bn | ZAR 5.82bn | ZAR 5.34bn | ZAR 5.17bn | ZAR 5.25bn | ZAR 5.41bn | ZAR 5.94bn | ZAR 5.76bn |
| Research and development | ZAR 56.3m | ZAR 51.1m | ZAR 46.2m | ZAR 41.8m | ZAR 37.5m | ZAR 37.0m | ZAR 33.6m | ZAR 36.5m | ZAR 84.0m | ZAR 79.1m |
| Operating income | ZAR 3.72bn | ZAR 3.56bn | ZAR 3.30bn | ZAR 2.71bn | ZAR 2.54bn | ZAR 2.41bn | ZAR 2.33bn | ZAR 2.52bn | ZAR 2.55bn | ZAR 2.39bn |
| Net income | ZAR 2.56bn | ZAR 2.43bn | ZAR 2.26bn | ZAR 1.84bn | ZAR 1.75bn | ZAR 1.65bn | ZAR 1.95bn | ZAR 1.60bn | ZAR 1.68bn | ZAR 1.55bn |
| Diluted earnings per share | 7.60 | 7.30 | 6.72 | 5.52 | 5.28 | 4.97 | 5.88 | 4.86 | 5.11 | 4.73 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 10.39bn | ZAR 10.50bn | ZAR 10.31bn | ZAR 10.20bn | ZAR 9.34bn | ZAR 8.85bn | ZAR 9.77bn | ZAR 9.80bn | ZAR 9.66bn | ZAR 9.27bn |
| Cash and short-term investments | ZAR 206.8m | ZAR 294.5m | ZAR 352.9m | ZAR 494.9m | ZAR 191.4m | ZAR 194.1m | ZAR 842.4m | ZAR 233.1m | ZAR 342.8m | ZAR 287.2m |
| Total liabilities | ZAR 4.53bn | ZAR 5.15bn | ZAR 4.52bn | ZAR 5.08bn | ZAR 4.55bn | ZAR 4.44bn | ZAR 4.75bn | ZAR 5.26bn | ZAR 4.52bn | ZAR 4.41bn |
| Debt | ZAR 1.87bn | ZAR 2.56bn | ZAR 1.77bn | ZAR 2.24bn | ZAR 1.87bn | ZAR 1.92bn | ZAR 2.16bn | ZAR 2.68bn | ZAR 1.63bn | ZAR 1.70bn |
| Shareholders' equity | ZAR 5.86bn | ZAR 5.35bn | ZAR 5.78bn | ZAR 5.22bn | ZAR 4.79bn | ZAR 4.40bn | ZAR 5.02bn | ZAR 4.54bn | ZAR 5.15bn | ZAR 4.85bn |
| Shares outstanding | 337m | 333m | 336m | 333m | 332m | 331m | 331m | 330m | 328m | 328m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 3.29bn | ZAR 2.86bn | ZAR 2.67bn | ZAR 2.18bn | ZAR 2.24bn | ZAR 2.26bn | ZAR 2.33bn | ZAR 2.05bn | ZAR 1.94bn | ZAR 1.61bn |
| Capital spending | −ZAR 387.2m | −ZAR 609.7m | −ZAR 502.3m | −ZAR 490.2m | −ZAR 406.1m | −ZAR 324.2m | −ZAR 383.6m | −ZAR 489.3m | −ZAR 434.5m | −ZAR 547.9m |
| Free cash flow | ZAR 2.90bn | ZAR 2.25bn | ZAR 2.17bn | ZAR 1.69bn | ZAR 1.83bn | ZAR 1.94bn | ZAR 1.95bn | ZAR 1.56bn | ZAR 1.50bn | ZAR 1.07bn |
| Dividends paid | −ZAR 2.19bn | −ZAR 2.98bn | −ZAR 1.71bn | −ZAR 1.54bn | −ZAR 1.47bn | −ZAR 2.28bn | −ZAR 1.35bn | −ZAR 2.22bn | −ZAR 1.42bn | −ZAR 1.24bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 7.36bn | ZAR 8.88bn | ZAR 7.55bn | ZAR 8.47bn | ZAR 7.48bn | ZAR 3.74bn | ZAR 8.38bn | ZAR 4.19bn |
| Gross profit | ZAR 3.02bn | ZAR 3.87bn | ZAR 3.19bn | ZAR 3.64bn | ZAR 3.14bn | ZAR 1.57bn | ZAR 3.47bn | ZAR 1.74bn |
| Operating income | ZAR 1.53bn | ZAR 2.19bn | ZAR 1.60bn | ZAR 1.97bn | ZAR 1.50bn | ZAR 750.4m | ZAR 1.80bn | ZAR 901.9m |
| Net income | ZAR 1.05bn | ZAR 1.52bn | ZAR 1.07bn | ZAR 1.36bn | ZAR 1.02bn | ZAR 510.2m | ZAR 1.24bn | ZAR 618.6m |
| Diluted earnings per share | 3.10 | 4.55 | 3.20 | 4.06 | 3.04 | 1.52 | 3.72 | 1.86 |
| Cash from operations | ZAR 1.54bn | ZAR 1.75bn | ZAR 1.31bn | ZAR 1.55bn | ZAR 1.35bn | ZAR 674.0m | ZAR 1.32bn | ZAR 659.0m |
| Capital spending | −ZAR 181.0m | −ZAR 206.0m | −ZAR 176.0m | −ZAR 424.0m | −ZAR 234.0m | −ZAR 117.0m | −ZAR 242.0m | −ZAR 121.0m |
| Free cash flow | ZAR 1.35bn | ZAR 1.54bn | ZAR 1.14bn | ZAR 1.13bn | ZAR 1.11bn | ZAR 557.0m | ZAR 1.08bn | ZAR 538.0m |
| Total assets | ZAR 10.39bn | ZAR 10.58bn | ZAR 10.50bn | ZAR 10.41bn | ZAR 10.31bn | ZAR 10.31bn | ZAR 10.17bn | ZAR 10.17bn |
| Cash and short-term investments | ZAR 206.8m | ZAR 487.3m | ZAR 294.5m | ZAR 411.6m | ZAR 352.9m | ZAR 352.9m | ZAR 507.7m | ZAR 507.7m |
| Debt | ZAR 1.48bn | ZAR 2.23bn | ZAR 2.14bn | ZAR 2.71bn | ZAR 1.37bn | ZAR 1.37bn | ZAR 2.03bn | ZAR 1.89bn |
| Shareholders' equity | ZAR 5.86bn | ZAR 5.57bn | ZAR 5.35bn | ZAR 5.00bn | ZAR 5.78bn | ZAR 5.78bn | ZAR 5.38bn | ZAR 5.38bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.9% | 4.1% | 2.9% |
| Operating income | 11.1% | 9.1% | 5.6% |
| Net income | 11.7% | 9.3% | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.5% | 41.5% | 40.7% | 41.4% |
| Operating margin | 22.6% | 21.1% | 20.2% | 19.4% |
| Net margin | 15.5% | 14.4% | 13.8% | 13.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 14.5 | 16.3 | 14.9 | 14.3 | 14.9 | 12.0 | 17.6 | 19.2 | 22.0 |
| Price to sales | 1.7 | 2.2 | 2.3 | 1.8 | 1.8 | 1.8 | 1.8 | 2.1 | 2.4 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 14 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.18 | 6.51 | 5.00 | 5.12 | 4.64 | 4.45 | 5.30 | 4.10 |
- 1-to-1 reverse split · 31 Mar 2007
- 1-to-1 reverse split · 30 Apr 2001
- 10-for-1 split · 18 Nov 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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