D 
284.00
—
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, before interest expense
ZAR 3.75bn
FY2016FY2025
Net income
ZAR 118.3m
FY2016FY2025
Total assets
ZAR 3.55bn
FY2016FY2025
Shareholders' equity
ZAR 1.92bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ZAR 3.75bn | ZAR 3.53bn | ZAR 3.29bn | ZAR 2.99bn | ZAR 2.60bn | ZAR 2.87bn | ZAR 2.96bn | ZAR 2.55bn | ZAR 2.68bn | ZAR 2.72bn |
| Operating income | ZAR 183.6m | ZAR 184.2m | ZAR 184.9m | ZAR 168.5m | ZAR 107.2m | ZAR 173.2m | ZAR 151.4m | ZAR 109.8m | ZAR 152.0m | ZAR 133.1m |
| Net income | ZAR 118.3m | ZAR 101.1m | ZAR 135.5m | ZAR 124.4m | ZAR 124.6m | −ZAR 127.0m | −ZAR 45.5m | ZAR 8.1m | ZAR 50.4m | ZAR 56.7m |
| Diluted earnings per share | 0.27 | 0.22 | 0.32 | 0.29 | 0.30 | -0.29 | -0.10 | 0.01 | 0.10 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 3.55bn | ZAR 3.56bn | ZAR 3.62bn | ZAR 3.33bn | ZAR 3.17bn | ZAR 3.31bn | ZAR 3.67bn | ZAR 3.56bn | ZAR 3.26bn | ZAR 3.16bn |
| Cash and short-term investments | ZAR 104.0m | ZAR 153.2m | ZAR 97.8m | ZAR 73.5m | ZAR 71.7m | ZAR 39.8m | ZAR 13.8m | ZAR 41.7m | ZAR 70.8m | ZAR 29.3m |
| Total liabilities | ZAR 1.63bn | ZAR 1.70bn | ZAR 1.83bn | ZAR 1.65bn | ZAR 1.59bn | ZAR 1.84bn | ZAR 2.05bn | ZAR 1.89bn | ZAR 1.60bn | ZAR 1.31bn |
| Debt | ZAR 857.1m | ZAR 1.01bn | ZAR 1.08bn | ZAR 863.7m | ZAR 924.3m | ZAR 1.11bn | ZAR 1.23bn | ZAR 1.00bn | ZAR 837.6m | ZAR 590.6m |
| Shareholders' equity | ZAR 1.92bn | ZAR 1.86bn | ZAR 1.78bn | ZAR 1.68bn | ZAR 1.58bn | ZAR 1.46bn | ZAR 1.62bn | ZAR 1.67bn | ZAR 1.66bn | ZAR 1.86bn |
| Shares outstanding | 440m | 451m | 437m | 436m | 435m | 434m | 432m | 432m | 495m | 562m |
Latest quarters
By quarter end
| Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | Sept 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | ZAR 2.01bn | ZAR 1.74bn | ZAR 1.82bn | ZAR 1.71bn | ZAR 1.71bn | ZAR 1.58bn | ZAR 1.62bn | ZAR 1.33bn |
| Operating income | ZAR 150.8m | ZAR 109.5m | ZAR 137.8m | ZAR 114.4m | ZAR 38.2m | ZAR 146.6m | ZAR 165.2m | ZAR 92.1m |
| Net income | ZAR 79.4m | ZAR 39.0m | ZAR 56.1m | ZAR 45.0m | ZAR 57.0m | ZAR 78.5m | ZAR 87.4m | ZAR 37.0m |
| Diluted earnings per share | 0.18 | 0.09 | 0.13 | 0.10 | 0.14 | 0.18 | 0.19 | 0.10 |
| Total assets | ZAR 3.55bn | ZAR 3.73bn | ZAR 3.56bn | ZAR 3.75bn | ZAR 3.62bn | ZAR 3.56bn | ZAR 3.33bn | ZAR 3.29bn |
| Cash and short-term investments | ZAR 104.0m | ZAR 82.5m | ZAR 153.2m | ZAR 103.8m | ZAR 97.8m | ZAR 67.9m | ZAR 73.5m | ZAR 71.5m |
| Debt | ZAR 207.4m | ZAR 1.05bn | ZAR 930.4m | ZAR 1.21bn | ZAR 991.1m | ZAR 880.7m | ZAR 629.8m | ZAR 917.4m |
| Shareholders' equity | ZAR 1.92bn | ZAR 1.84bn | ZAR 1.86bn | ZAR 1.78bn | ZAR 1.78bn | ZAR 1.72bn | ZAR 1.68bn | ZAR 1.59bn |
Financial ratios
Data as of 5 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.6% | 7.3% | 7.2% | 8.6% | 8.4% | 8.4% |
| Net margin | 4.7% | 3.2% | 2.9% | 4.1% | 4.3% | 4.8% |
| Return on equity | 9.9% | 6.2% | 5.5% | 7.6% | 7.4% | 7.9% |
| Return on assets | 6.0% | 3.3% | 2.8% | 3.7% | 3.7% | 3.9% |
| Revenue growth | 15.7% | 6.3% | 7.2% | 14.2% | 10.6% | -9.3% |
| Earnings growth | 74.1% | 17.0% | -25.4% | 8.9% | -0.2% | -196.4% |
| Current ratio | 1.97x | 1.15x | 2.15x | 1.99x | 1.47x | 1.65x |
| Debt to equity | 0.20x | 0.41x | 0.50x | 0.55x | 0.46x | 0.52x |
| Equity ratio | 60.6% | 54.2% | 52.2% | 49.3% | 50.4% | 49.7% |
| Interest coverage | 4.03x | 2.41x | 2.03x | 3.14x | 3.69x | 2.66x |
| Buybacks as a share of market value | -1.3% | -1.3% | 0.2% | -1.3% | 1.4% | -3.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.8% | 5.5% | 3.5% |
| Operating income | 2.9% | 1.2% | 4.1% |
| Net income | -1.7% | — | -5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.1% | 5.3% | 5.3% | 5.1% |
| Net margin | 3.0% | 3.5% | 2.5% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.8 | 9.0 | 7.3 | 8.1 | 6.6 | -6.8 | -13.6 | 132.7 | 19.6 | 18.8 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 18 Jun 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.00 | 0.00 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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