10,330.00
-1.48%
Close of 9 Nov 2026, in ZAc
Search any instrument
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 12.11bn
FY2017FY2026
Net income
ZAR 166.4m
FY2017FY2026
Free cash flow
ZAR 673.9m
FY2017FY2026
Shareholders' equity
ZAR 1.77bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 12.11bn | ZAR 11.48bn | ZAR 11.19bn | ZAR 10.65bn | ZAR 11.15bn | ZAR 12.62bn | ZAR 10.09bn | ZAR 10.82bn | ZAR 10.21bn | ZAR 9.73bn |
| Gross profit | ZAR 2.62bn | ZAR 2.84bn | ZAR 2.77bn | ZAR 2.70bn | ZAR 2.93bn | ZAR 3.39bn | ZAR 2.53bn | ZAR 2.72bn | ZAR 2.57bn | ZAR 2.48bn |
| Operating income | ZAR 338.6m | ZAR 344.0m | ZAR 189.1m | ZAR 233.2m | ZAR 875.7m | ZAR 1.11bn | ZAR 520.3m | ZAR 559.0m | ZAR 543.3m | ZAR 620.0m |
| Net income | ZAR 166.4m | ZAR 221.2m | ZAR 88.6m | ZAR 106.3m | ZAR 473.8m | ZAR 664.7m | ZAR 267.4m | ZAR 427.4m | ZAR 420.6m | ZAR 465.0m |
| Diluted earnings per share | 8.05 | 10.65 | 4.20 | 4.92 | 20.96 | 29.31 | 11.78 | 18.80 | 18.51 | 20.46 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 7.16bn | ZAR 6.61bn | ZAR 5.59bn | ZAR 6.27bn | ZAR 6.64bn | ZAR 7.33bn | ZAR 6.35bn | ZAR 3.99bn | ZAR 4.27bn | ZAR 3.71bn |
| Cash and short-term investments | ZAR 2.03bn | ZAR 1.95bn | ZAR 998.8m | ZAR 1.58bn | ZAR 1.94bn | ZAR 2.55bn | ZAR 1.95bn | ZAR 590.1m | ZAR 952.9m | ZAR 801.4m |
| Total liabilities | ZAR 5.34bn | ZAR 4.71bn | ZAR 3.76bn | ZAR 4.32bn | ZAR 4.27bn | ZAR 4.74bn | ZAR 4.19bn | ZAR 1.81bn | ZAR 2.35bn | ZAR 2.03bn |
| Debt | ZAR 1.59bn | ZAR 1.41bn | ZAR 1.53bn | ZAR 1.62bn | ZAR 1.63bn | ZAR 1.69bn | ZAR 1.62bn | ZAR 187.4m | ZAR 164.0m | ZAR 139.3m |
| Shareholders' equity | ZAR 1.77bn | ZAR 1.88bn | ZAR 1.82bn | ZAR 1.93bn | ZAR 2.34bn | ZAR 2.55bn | ZAR 2.12bn | ZAR 2.16bn | ZAR 1.89bn | ZAR 1.66bn |
| Shares outstanding | 21m | 21m | 21m | 22m | 23m | 23m | 23m | 23m | 23m | 23m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 959.1m | ZAR 1.48bn | −ZAR 44.9m | ZAR 470.2m | ZAR 387.3m | ZAR 1.11bn | ZAR 1.78bn | −ZAR 42.2m | ZAR 608.8m | ZAR 450.5m |
| Capital spending | −ZAR 285.2m | −ZAR 235.4m | −ZAR 146.8m | −ZAR 158.9m | −ZAR 263.2m | −ZAR 196.1m | −ZAR 170.1m | −ZAR 203.6m | −ZAR 249.0m | −ZAR 198.4m |
| Free cash flow | ZAR 673.9m | ZAR 1.24bn | −ZAR 191.7m | ZAR 311.3m | ZAR 124.1m | ZAR 909.5m | ZAR 1.61bn | −ZAR 245.7m | ZAR 359.8m | ZAR 252.1m |
| Dividends paid | −ZAR 148.6m | −ZAR 119.8m | −ZAR 145.8m | −ZAR 249.2m | −ZAR 652.0m | −ZAR 229.9m | −ZAR 197.0m | −ZAR 179.0m | −ZAR 201.2m | −ZAR 234.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 5.81bn | ZAR 6.30bn | ZAR 5.38bn | ZAR 6.09bn | ZAR 5.40bn | ZAR 2.70bn | ZAR 5.79bn | ZAR 2.89bn |
| Gross profit | ZAR 1.25bn | ZAR 1.37bn | ZAR 1.36bn | ZAR 1.48bn | ZAR 1.34bn | ZAR 669.2m | ZAR 1.43bn | ZAR 715.7m |
| Operating income | ZAR 176.1m | ZAR 197.4m | ZAR 170.4m | ZAR 174.6m | ZAR 139.4m | ZAR 69.7m | ZAR 50.9m | ZAR 81.3m |
| Net income | ZAR 63.6m | ZAR 102.8m | ZAR 103.2m | ZAR 113.4m | ZAR 82.9m | ZAR 41.4m | ZAR 3.0m | ZAR 1.5m |
| Diluted earnings per share | 3.08 | 4.95 | 4.88 | 5.38 | 3.93 | 1.96 | 0.14 | 0.07 |
| Cash from operations | ZAR 411.0m | ZAR 548.0m | ZAR 414.0m | ZAR 1.21bn | −ZAR 257.0m | −ZAR 128.0m | ZAR 212.0m | ZAR 106.0m |
| Capital spending | −ZAR 153.0m | −ZAR 131.0m | −ZAR 124.0m | −ZAR 103.0m | −ZAR 85.0m | −ZAR 42.0m | −ZAR 61.0m | −ZAR 30.0m |
| Free cash flow | ZAR 258.0m | ZAR 417.0m | ZAR 290.0m | ZAR 1.11bn | −ZAR 342.0m | −ZAR 170.0m | ZAR 151.0m | ZAR 76.0m |
| Total assets | ZAR 7.16bn | ZAR 7.25bn | ZAR 6.61bn | ZAR 6.70bn | ZAR 5.59bn | ZAR 5.59bn | ZAR 6.48bn | ZAR 6.48bn |
| Cash and short-term investments | ZAR 2.03bn | ZAR 2.06bn | ZAR 1.95bn | ZAR 1.91bn | ZAR 998.8m | ZAR 998.8m | ZAR 1.59bn | ZAR 1.59bn |
| Debt | ZAR 438.6m | ZAR 436.3m | ZAR 1.09bn | ZAR 1.17bn | ZAR 307.0m | ZAR 288.4m | ZAR 1.27bn | ZAR 326.2m |
| Shareholders' equity | ZAR 1.77bn | ZAR 1.85bn | ZAR 1.88bn | ZAR 1.87bn | ZAR 1.82bn | ZAR 1.82bn | ZAR 1.85bn | ZAR 1.85bn |
Financial ratios
Data as of 24 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.6% | 24.8% | 24.7% | 25.4% | 26.3% | 26.9% |
| Operating margin | 3.3% | 4.0% | 2.7% | 3.1% | 8.5% | 9.0% |
| Net margin | 1.4% | 1.9% | 0.8% | 1.0% | 4.3% | 5.3% |
| Return on equity | 9.4% | 11.8% | 4.9% | 5.5% | 20.3% | 26.0% |
| Return on assets | 2.3% | 3.3% | 1.6% | 1.7% | 7.1% | 9.1% |
| Free cash flow yield | 0.6% | 0.9% | 0.0% | 0.3% | 0.3% | 0.6% |
| Revenue growth | 5.5% | 2.6% | 5.1% | -4.4% | -11.7% | 25.0% |
| Earnings growth | -24.7% | 149.6% | -16.7% | -77.6% | -28.7% | 148.6% |
| Current ratio | 1.06x | 1.12x | 1.19x | 1.17x | 1.28x | 1.31x |
| Debt to equity | 0.25x | 0.18x | 0.17x | -0.28x | 0.11x | -0.17x |
| Equity ratio | 24.8% | 28.4% | 32.5% | 30.7% | 35.2% | 34.8% |
| Interest coverage | 2.54x | 3.03x | 1.84x | 2.14x | 5.87x | 6.96x |
| Buybacks as a share of market value | 0.5% | 1.6% | 2.4% | 4.5% | 0.3% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | -0.8% | 3.4% |
| Operating income | 13.2% | -21.1% | -4.7% |
| Net income | 16.1% | -24.2% | -9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.2% | 24.1% | 24.9% | 25.1% |
| Operating margin | 2.9% | 2.4% | 4.5% | 5.0% |
| Net margin | 1.6% | 1.3% | 2.5% | 3.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.8 | 12.7 | 50.4 | 33.9 | 9.0 | 8.9 | 20.1 | 12.0 | 15.8 | 21.8 |
| Price to sales | 0.2 | 0.2 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 0.7 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 25 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.93 | 5.93 | 9.82 | 10.77 | 27.98 | 9.96 | 8.55 | 7.81 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.