200.00
—
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 3.01bn
FY2017FY2026
Net income
ZAR 247.4m
FY2017FY2026
Free cash flow
ZAR 239.9m
FY2017FY2026
Shareholders' equity
ZAR 4.40bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 3.01bn | ZAR 3.17bn | ZAR 3.08bn | ZAR 3.14bn | ZAR 3.21bn | ZAR 2.44bn | ZAR 2.52bn | ZAR 2.41bn | ZAR 2.20bn | ZAR 2.58bn |
| Gross profit | ZAR 1.24bn | ZAR 1.45bn | ZAR 1.49bn | ZAR 1.51bn | ZAR 1.46bn | ZAR 949.8m | ZAR 1.23bn | ZAR 1.20bn | ZAR 983.2m | ZAR 1.41bn |
| Research and development | — | — | — | — | — | — | — | — | ZAR 3.2m | ZAR 5.8m |
| Operating income | ZAR 372.3m | ZAR 441.7m | ZAR 490.9m | ZAR 531.1m | ZAR 538.3m | ZAR 178.9m | ZAR 289.2m | ZAR 182.7m | ZAR 58.4m | ZAR 271.4m |
| Net income | ZAR 247.4m | ZAR 203.6m | ZAR 224.6m | ZAR 253.3m | ZAR 426.4m | ZAR 138.5m | −ZAR 1.80bn | ZAR 117.6m | −ZAR 1.60bn | ZAR 104.8m |
| Diluted earnings per share | 0.38 | 0.45 | 0.51 | 0.57 | 0.96 | 0.31 | -4.07 | 0.27 | -3.60 | 0.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 6.21bn | ZAR 6.17bn | ZAR 6.12bn | ZAR 5.63bn | ZAR 5.61bn | ZAR 5.46bn | ZAR 5.40bn | ZAR 7.15bn | ZAR 7.36bn | ZAR 9.21bn |
| Cash and short-term investments | ZAR 165.8m | ZAR 210.6m | ZAR 172.3m | ZAR 143.4m | ZAR 199.1m | ZAR 63.1m | ZAR 191.6m | ZAR 96.8m | ZAR 86.3m | ZAR 186.2m |
| Total liabilities | ZAR 1.81bn | ZAR 1.89bn | ZAR 1.95bn | ZAR 1.54bn | ZAR 1.62bn | ZAR 1.72bn | ZAR 1.70bn | ZAR 1.54bn | ZAR 1.80bn | ZAR 2.02bn |
| Debt | ZAR 582.7m | ZAR 557.6m | ZAR 694.3m | ZAR 556.2m | ZAR 441.0m | ZAR 592.4m | ZAR 634.3m | ZAR 484.7m | ZAR 561.4m | ZAR 677.0m |
| Shareholders' equity | ZAR 4.40bn | ZAR 2.93bn | ZAR 2.86bn | ZAR 2.72bn | ZAR 2.75bn | ZAR 2.64bn | ZAR 2.62bn | ZAR 4.60bn | ZAR 4.56bn | ZAR 6.16bn |
| Shares outstanding | 658m | 454m | 443m | 443m | 443m | 443m | 443m | 443m | 444m | 445m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 466.1m | ZAR 311.4m | ZAR 400.4m | ZAR 14.0m | ZAR 369.5m | ZAR 155.9m | ZAR 214.5m | ZAR 205.1m | ZAR 21.0m | ZAR 269.1m |
| Capital spending | −ZAR 226.2m | −ZAR 242.6m | −ZAR 157.3m | −ZAR 256.9m | −ZAR 84.5m | −ZAR 243.1m | −ZAR 187.4m | −ZAR 105.6m | −ZAR 79.3m | −ZAR 88.2m |
| Free cash flow | ZAR 239.9m | ZAR 68.8m | ZAR 243.0m | −ZAR 242.9m | ZAR 285.0m | −ZAR 87.3m | ZAR 27.1m | ZAR 99.6m | −ZAR 58.4m | ZAR 180.9m |
| Dividends paid | −ZAR 191.2m | −ZAR 198.2m | −ZAR 253.3m | −ZAR 284.5m | −ZAR 160.5m | −ZAR 49.0m | −ZAR 80.2m | −ZAR 80.2m | −ZAR 80.2m | −ZAR 5.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.47bn | ZAR 1.54bn | ZAR 1.59bn | ZAR 1.59bn | ZAR 1.56bn | ZAR 1.52bn | ZAR 1.61bn | ZAR 1.53bn |
| Gross profit | ZAR 590.7m | ZAR 652.2m | ZAR 665.2m | ZAR 672.0m | ZAR 792.9m | ZAR 634.8m | ZAR 752.3m | ZAR 624.3m |
| Operating income | ZAR 149.3m | ZAR 223.0m | ZAR 206.6m | ZAR 217.3m | ZAR 370.1m | ZAR 183.1m | ZAR 327.0m | ZAR 195.2m |
| Net income | ZAR 124.6m | ZAR 122.8m | ZAR 105.0m | ZAR 98.6m | ZAR 138.1m | ZAR 86.5m | ZAR 156.4m | ZAR 96.9m |
| Diluted earnings per share | 0.19 | 0.27 | 0.23 | 0.22 | 0.31 | 0.20 | 0.35 | 0.22 |
| Cash from operations | ZAR 257.0m | ZAR 208.0m | ZAR 436.0m | ZAR 73.0m | ZAR 275.0m | ZAR 125.0m | ZAR 269.0m | ZAR 28.0m |
| Capital spending | −ZAR 49.0m | −ZAR 176.0m | −ZAR 128.0m | −ZAR 96.0m | −ZAR 45.0m | −ZAR 72.0m | −ZAR 152.0m | −ZAR 104.0m |
| Free cash flow | ZAR 208.0m | ZAR 32.0m | ZAR 308.0m | −ZAR 23.0m | ZAR 230.0m | ZAR 53.0m | ZAR 117.0m | −ZAR 76.0m |
| Total assets | ZAR 6.21bn | ZAR 6.19bn | ZAR 6.17bn | ZAR 6.04bn | ZAR 6.12bn | ZAR 5.73bn | ZAR 5.63bn | ZAR 5.79bn |
| Cash and short-term investments | ZAR 165.8m | ZAR 220.1m | ZAR 210.6m | ZAR 61.8m | ZAR 172.3m | ZAR 90.4m | ZAR 143.4m | ZAR 180.8m |
| Debt | ZAR 575.4m | ZAR 601.0m | ZAR 556.8m | ZAR 609.8m | ZAR 584.0m | ZAR 579.4m | ZAR 551.8m | ZAR 648.4m |
| Shareholders' equity | ZAR 4.40bn | ZAR 4.38bn | ZAR 2.93bn | ZAR 2.88bn | ZAR 2.86bn | ZAR 2.68bn | ZAR 2.72bn | ZAR 2.70bn |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 41.3% | 45.7% | 48.5% | 48.1% | 45.5% | 38.9% | — | — | — |
| Operating margin | 12.4% | 14.9% | 17.1% | 17.6% | 16.9% | 7.3% | — | — | — |
| Net margin | 8.2% | 6.4% | 7.3% | 8.1% | 13.3% | 5.7% | — | — | — |
| Return on equity | 5.6% | 7.0% | 7.9% | 9.3% | 15.5% | 5.3% | — | — | — |
| Return on assets | 4.0% | 3.3% | 3.7% | 4.5% | 7.6% | 2.5% | — | — | — |
| Free cash flow yield | 0.5% | 0.5% | 0.5% | 0.3% | 0.4% | 0.4% | — | — | — |
| Revenue growth | -5.1% | 3.2% | -2.1% | -2.0% | 31.2% | -3.0% | — | — | — |
| Earnings growth | 21.5% | -9.3% | -11.3% | -40.6% | 208.0% | -107.7% | — | — | — |
| Current ratio | 2.86x | 2.67x | 2.65x | 3.08x | 2.38x | 2.00x | — | — | — |
| Debt to equity | 0.13x | 0.19x | 0.20x | 0.20x | 0.16x | 0.22x | — | — | — |
| Equity ratio | 70.8% | 47.5% | 46.7% | 48.3% | 49.0% | 48.2% | — | — | — |
| Interest coverage | 10.27x | 8.88x | 7.84x | 12.11x | 19.02x | 8.82x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.2% | 0.1% |
| Buybacks as a share of market value | -45.0% | -2.5% | 0.0% | 0.0% | 0.1% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.4% | 4.3% | 2.2% |
| Operating income | -11.2% | 15.8% | 3.6% |
| Net income | -0.8% | 12.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.5% | 45.9% | 44.9% | 47.2% |
| Operating margin | 13.2% | 14.8% | 14.1% | 12.0% |
| Net margin | 7.3% | 7.5% | 8.3% | -5.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.8 | 5.2 | 7.0 | 5.5 | 3.6 | 14.1 | -0.6 | 8.2 | -0.6 | 11.6 |
| Price to sales | 0.5 | 0.3 | 0.5 | 0.4 | 0.5 | 0.8 | 0.4 | 0.4 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 17 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.29 | 0.30 | 0.38 | 0.46 | 0.36 | 0.11 | 0.18 | 1.20 |
- 10-to-1 reverse split · 30 Nov 2015
- 1-to-1 reverse split · 5 Nov 2001
- 1-to-1 reverse split · 4 Jun 2001
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.