B 
979.00
+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 1.54bn
FY2017FY2026
Net income
ZAR 799.9m
FY2017FY2026
Free cash flow
ZAR 564.6m
FY2017FY2026
Shareholders' equity
ZAR 9.49bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.54bn | ZAR 1.59bn | ZAR 1.70bn | ZAR 1.46bn | ZAR 1.47bn | ZAR 1.46bn | ZAR 1.72bn | ZAR 1.81bn | ZAR 1.84bn | ZAR 1.77bn |
| Operating income | ZAR 1.08bn | ZAR 1.24bn | ZAR 1.40bn | ZAR 1.03bn | ZAR 1.01bn | ZAR 927.5m | ZAR 1.32bn | ZAR 1.41bn | ZAR 1.49bn | ZAR 1.47bn |
| Net income | ZAR 799.9m | −ZAR 2.22bn | ZAR 232.4m | ZAR 194.9m | ZAR 1.04bn | −ZAR 327.6m | ZAR 1.71bn | ZAR 1.43bn | ZAR 1.25bn | ZAR 1.46bn |
| Diluted earnings per share | 0.99 | -2.80 | 0.29 | 0.24 | 1.29 | -0.41 | 2.12 | 1.91 | 1.70 | 2.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 17.66bn | ZAR 18.57bn | ZAR 25.85bn | ZAR 25.38bn | ZAR 24.04bn | ZAR 25.15bn | ZAR 31.15bn | ZAR 21.67bn | ZAR 19.95bn | ZAR 19.08bn |
| Cash and short-term investments | ZAR 323.0m | ZAR 1.32bn | ZAR 283.5m | ZAR 302.7m | ZAR 235.8m | ZAR 225.6m | ZAR 643.1m | ZAR 330.2m | ZAR 457.0m | ZAR 159.4m |
| Total liabilities | ZAR 8.18bn | ZAR 9.09bn | ZAR 13.41bn | ZAR 12.37bn | ZAR 10.39bn | ZAR 11.75bn | ZAR 16.50bn | ZAR 8.54bn | ZAR 7.31bn | ZAR 6.92bn |
| Debt | ZAR 6.90bn | ZAR 7.64bn | ZAR 12.16bn | ZAR 11.54bn | ZAR 9.63bn | ZAR 10.33bn | ZAR 14.87bn | ZAR 7.95bn | ZAR 6.76bn | ZAR 6.39bn |
| Shareholders' equity | ZAR 9.49bn | ZAR 9.48bn | ZAR 12.44bn | ZAR 13.01bn | ZAR 13.65bn | ZAR 13.40bn | ZAR 14.65bn | ZAR 13.13bn | ZAR 12.64bn | ZAR 12.17bn |
| Shares outstanding | 810m | 793m | 797m | 805m | 805m | 805m | 805m | 745m | 735m | 723m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 565.3m | ZAR 151.4m | ZAR 626.0m | −ZAR 103.9m | −ZAR 301.0m | ZAR 30.5m | −ZAR 40.9m | −ZAR 159.8m | −ZAR 132.3m | ZAR 282.1m |
| Capital spending | −ZAR 655,000 | −ZAR 192.1m | −ZAR 281.3m | −ZAR 374.8m | −ZAR 222.2m | — | −ZAR 1.46bn | −ZAR 182.0m | −ZAR 99.1m | −ZAR 195.8m |
| Free cash flow | ZAR 564.6m | −ZAR 40.7m | ZAR 344.7m | −ZAR 478.7m | −ZAR 523.2m | ZAR 30.5m | −ZAR 1.50bn | −ZAR 341.8m | −ZAR 231.3m | ZAR 86.4m |
| Dividends paid | −ZAR 753.5m | −ZAR 688.5m | −ZAR 782.8m | — | −ZAR 1.14bn | −ZAR 554.3m | −ZAR 1.06bn | −ZAR 1.02bn | −ZAR 979.2m | −ZAR 673.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.03bn | ZAR 1.03bn | ZAR 1.25bn | ZAR 272.8m | ZAR 1.23bn | ZAR 1.14bn | ZAR 493.2m | ZAR 729.2m |
| Operating income | ZAR 344.2m | ZAR 286.6m | −ZAR 864.7m | −ZAR 469.4m | ZAR 43.4m | ZAR 875.1m | ZAR 94.6m | ZAR 516.5m |
| Net income | ZAR 627.8m | ZAR 172.1m | −ZAR 1.41bn | −ZAR 810.1m | −ZAR 234.9m | ZAR 467.4m | ZAR 233.7m | ZAR 97.5m |
| Diluted earnings per share | 0.77 | 0.22 | -1.78 | -1.02 | -0.29 | 0.58 | 0.29 | 0.12 |
| Cash from operations | ZAR 322.0m | ZAR 242.0m | ZAR 186.0m | −ZAR 35.0m | ZAR 358.0m | ZAR 267.0m | — | −ZAR 51.0m |
| Capital spending | — | — | — | — | — | — | — | −ZAR 187.0m |
| Free cash flow | — | — | — | — | — | — | — | −ZAR 238.0m |
| Total assets | ZAR 17.66bn | ZAR 17.60bn | ZAR 18.57bn | ZAR 24.48bn | ZAR 25.85bn | ZAR 26.38bn | ZAR 26.38bn | ZAR 25.38bn |
| Cash and short-term investments | ZAR 323.0m | ZAR 307.5m | ZAR 1.32bn | ZAR 451.3m | ZAR 283.5m | ZAR 228.3m | ZAR 228.3m | ZAR 302.7m |
| Debt | ZAR 6.90bn | ZAR 7.14bn | ZAR 7.64bn | ZAR 11.32bn | ZAR 12.16bn | ZAR 12.18bn | ZAR 10.30bn | ZAR 11.54bn |
| Shareholders' equity | ZAR 9.49bn | ZAR 9.28bn | ZAR 9.48bn | ZAR 11.23bn | ZAR 12.44bn | ZAR 13.05bn | ZAR 13.05bn | ZAR 13.01bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | 1.1% | 2.6% |
| Operating income | 1.5% | 3.1% | 1.1% |
| Net income | 60.1% | — | -3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 74.0% | 75.5% | 72.5% | 76.0% |
| Net margin | -45.4% | -15.8% | -3.1% | 38.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.9 | -3.3 | 32.2 | 33.0 | 7.4 | -30.5 | 4.3 | 7.7 | 8.1 | 8.2 |
| Price to sales | 5.1 | 4.6 | 4.4 | 4.4 | 5.3 | 6.8 | 4.3 | 6.1 | 5.5 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 24 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.483 | 0.936 | 0.855 | 0.968 | 1.035 | 1.42 | 0.689 | 1.444 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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