22,274.00
+1.25%
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 54.33bn
FY2017FY2026
Net income
ZAR 3.32bn
FY2017FY2026
Free cash flow
ZAR 3.64bn
FY2017FY2026
Shareholders' equity
ZAR 6.80bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 54.33bn | ZAR 51.29bn | ZAR 45.44bn | ZAR 41.62bn | ZAR 39.59bn | ZAR 37.34bn | ZAR 33.89bn | ZAR 31.35bn | ZAR 29.24bn | ZAR 26.81bn |
| Gross profit | ZAR 13.65bn | ZAR 13.08bn | ZAR 10.63bn | ZAR 9.31bn | ZAR 8.43bn | ZAR 7.61bn | ZAR 7.07bn | ZAR 6.69bn | ZAR 6.18bn | ZAR 5.62bn |
| Research and development | — | — | — | — | ZAR 85.8m | ZAR 56.9m | ZAR 52.6m | ZAR 53.7m | ZAR 47.9m | ZAR 36.2m |
| Operating income | ZAR 4.90bn | ZAR 4.68bn | ZAR 4.17bn | ZAR 3.62bn | ZAR 3.65bn | ZAR 2.90bn | ZAR 2.81bn | ZAR 2.51bn | ZAR 2.04bn | ZAR 1.81bn |
| Net income | ZAR 3.32bn | ZAR 3.24bn | ZAR 2.84bn | ZAR 2.54bn | ZAR 2.64bn | ZAR 1.84bn | ZAR 1.88bn | ZAR 1.68bn | ZAR 1.48bn | ZAR 1.28bn |
| Diluted earnings per share | 14.21 | 13.65 | 11.92 | 10.63 | 10.82 | 7.51 | 7.57 | 6.68 | 5.80 | 5.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 24.13bn | ZAR 22.59bn | ZAR 20.82bn | ZAR 19.03bn | ZAR 17.86bn | ZAR 17.17bn | ZAR 15.27bn | ZAR 13.05bn | ZAR 11.56bn | ZAR 9.72bn |
| Cash and short-term investments | ZAR 2.30bn | ZAR 3.26bn | ZAR 2.70bn | ZAR 2.46bn | ZAR 2.01bn | ZAR 2.21bn | ZAR 2.15bn | ZAR 2.61bn | ZAR 1.52bn | ZAR 891.3m |
| Total liabilities | ZAR 17.32bn | ZAR 15.73bn | ZAR 14.53bn | ZAR 13.07bn | ZAR 12.17bn | ZAR 12.37bn | ZAR 10.08bn | ZAR 8.14bn | ZAR 7.14bn | ZAR 6.42bn |
| Debt | ZAR 4.49bn | ZAR 4.04bn | ZAR 3.79bn | ZAR 3.24bn | ZAR 3.10bn | ZAR 2.92bn | ZAR 2.69bn | ZAR 2.34bn | ZAR 202.1m | ZAR 193.0m |
| Shareholders' equity | ZAR 6.80bn | ZAR 6.86bn | ZAR 6.29bn | ZAR 5.96bn | ZAR 5.70bn | ZAR 4.81bn | ZAR 5.19bn | ZAR 4.91bn | ZAR 4.43bn | ZAR 3.30bn |
| Shares outstanding | 234m | 237m | 238m | 239m | 244m | 245m | 248m | 252m | 254m | 255m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 4.80bn | ZAR 5.24bn | ZAR 4.68bn | ZAR 3.31bn | ZAR 1.92bn | ZAR 2.31bn | ZAR 1.52bn | ZAR 1.89bn | ZAR 2.31bn | ZAR 853.8m |
| Capital spending | −ZAR 1.17bn | −ZAR 984.5m | −ZAR 890.9m | −ZAR 930.0m | −ZAR 837.6m | −ZAR 689.7m | −ZAR 590.9m | −ZAR 646.7m | −ZAR 671.2m | −ZAR 517.9m |
| Free cash flow | ZAR 3.64bn | ZAR 4.26bn | ZAR 3.79bn | ZAR 2.38bn | ZAR 1.08bn | ZAR 1.62bn | ZAR 925.9m | ZAR 1.24bn | ZAR 1.64bn | ZAR 335.9m |
| Dividends paid | −ZAR 2.12bn | −ZAR 1.91bn | −ZAR 1.68bn | −ZAR 1.56bn | −ZAR 1.29bn | −ZAR 1.47bn | −ZAR 822.5m | −ZAR 980.5m | −ZAR 811.6m | −ZAR 677.4m |
Latest quarters
By quarter end
| Aug 2026 | Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Nov 2023 | Aug 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 27.64bn | ZAR 26.69bn | ZAR 26.52bn | ZAR 24.77bn | ZAR 23.63bn | ZAR 21.80bn | ZAR 10.90bn | ZAR 23.16bn |
| Gross profit | ZAR 6.97bn | ZAR 6.68bn | ZAR 6.76bn | ZAR 6.29bn | ZAR 5.49bn | ZAR 5.15bn | ZAR 2.57bn | ZAR 5.64bn |
| Operating income | ZAR 2.65bn | ZAR 2.25bn | ZAR 2.58bn | ZAR 2.10bn | ZAR 2.31bn | ZAR 1.86bn | ZAR 931.4m | ZAR 1.98bn |
| Net income | ZAR 1.79bn | ZAR 1.53bn | ZAR 1.80bn | ZAR 1.44bn | ZAR 1.57bn | ZAR 1.27bn | ZAR 635.9m | ZAR 1.39bn |
| Diluted earnings per share | 7.67 | 6.55 | 7.60 | 6.05 | 6.58 | 5.34 | 2.66 | 5.81 |
| Cash from operations | ZAR 3.75bn | ZAR 1.05bn | ZAR 4.26bn | −ZAR 363.0m | ZAR 3.03bn | −ZAR 26.0m | ZAR 574.0m | ZAR 3.89bn |
| Capital spending | −ZAR 855.0m | −ZAR 310.0m | −ZAR 762.0m | −ZAR 221.0m | −ZAR 577.0m | −ZAR 313.0m | −ZAR 156.0m | −ZAR 433.0m |
| Free cash flow | ZAR 2.90bn | ZAR 739.0m | ZAR 3.50bn | −ZAR 584.0m | ZAR 2.46bn | −ZAR 339.0m | ZAR 418.0m | ZAR 3.46bn |
| Total assets | ZAR 24.13bn | ZAR 23.00bn | ZAR 22.59bn | ZAR 20.71bn | ZAR 20.82bn | ZAR 18.59bn | ZAR 18.59bn | ZAR 19.03bn |
| Cash and short-term investments | ZAR 2.30bn | ZAR 1.24bn | ZAR 3.26bn | ZAR 1.72bn | ZAR 2.70bn | ZAR 853.1m | ZAR 853.1m | ZAR 2.46bn |
| Debt | ZAR 1.48bn | ZAR 1.43bn | ZAR 1.33bn | ZAR 1.30bn | ZAR 1.25bn | ZAR 1.17bn | — | ZAR 1.09bn |
| Shareholders' equity | ZAR 6.80bn | ZAR 6.09bn | ZAR 6.86bn | ZAR 6.39bn | ZAR 6.29bn | ZAR 5.24bn | ZAR 5.24bn | ZAR 5.96bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.3% | 7.8% | 8.4% |
| Operating income | 10.6% | 11.1% | 12.0% |
| Net income | 9.4% | 12.5% | 11.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.3% | 24.2% | 23.3% | 22.5% |
| Operating margin | 9.1% | 9.0% | 8.9% | 8.4% |
| Net margin | 6.2% | 6.2% | 6.1% | 5.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.4 | 24.7 | 31.3 | 30.6 | 25.0 | 42.0 | 33.4 | 38.4 | 33.0 | 36.1 |
| Price to sales | 0.9 | 1.6 | 1.9 | 1.9 | 1.7 | 2.1 | 1.9 | 2.1 | 1.7 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 30 years. Last went ex-dividend on 1 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 9.06 | 8.04 | 7.04 | 6.42 | 5.275 | 5.925 | 3.27 | 3.955 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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