E 
18,548.00
+3.34%
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 41.77bn
FY2016FY2025
Net income
ZAR 7.56bn
FY2016FY2025
Free cash flow
ZAR 6.65bn
FY2016FY2025
Shareholders' equity
ZAR 55.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 41.77bn | ZAR 40.73bn | ZAR 38.70bn | ZAR 32.77bn | ZAR 28.92bn | ZAR 25.73bn | ZAR 25.49bn | ZAR 22.81bn | ZAR 20.90bn |
| Research and development | ZAR 2.0m | ZAR 2.0m | ZAR 2.0m | ZAR 2.0m | ZAR 4.0m | ZAR 4.0m | ZAR 1.0m | — | — |
| Operating income | ZAR 6.43bn | ZAR 7.61bn | ZAR 10.63bn | ZAR 7.46bn | ZAR 5.52bn | ZAR 8.95bn | ZAR 9.33bn | ZAR 975.0m | ZAR 4.47bn |
| Net income | ZAR 7.56bn | ZAR 7.72bn | ZAR 11.29bn | ZAR 12.67bn | ZAR 7.28bn | ZAR 9.81bn | ZAR 7.03bn | ZAR 5.98bn | ZAR 5.68bn |
| Diluted earnings per share | 32.31 | 31.98 | 46.75 | 52.42 | 29.02 | 39.08 | 21.30 | 17.24 | 15.91 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 103.21bn | ZAR 94.72bn | ZAR 92.85bn | ZAR 75.72bn | ZAR 78.61bn | ZAR 68.84bn | ZAR 65.05bn | ZAR 62.55bn | ZAR 59.93bn |
| Cash and short-term investments | ZAR 24.84bn | ZAR 20.54bn | ZAR 19.86bn | ZAR 7.04bn | ZAR 3.20bn | ZAR 2.69bn | ZAR 2.08bn | ZAR 6.61bn | ZAR 5.20bn |
| Total liabilities | ZAR 31.96bn | ZAR 26.17bn | ZAR 26.45bn | ZAR 25.62bn | ZAR 30.48bn | ZAR 25.95bn | ZAR 23.91bn | ZAR 23.19bn | ZAR 24.84bn |
| Debt | ZAR 12.98bn | ZAR 8.65bn | ZAR 9.37bn | ZAR 10.76bn | ZAR 14.22bn | ZAR 8.51bn | ZAR 5.95bn | ZAR 6.59bn | ZAR 6.60bn |
| Shareholders' equity | ZAR 55.98bn | ZAR 53.99bn | ZAR 52.25bn | ZAR 39.55bn | ZAR 38.78bn | ZAR 34.78bn | ZAR 41.85bn | ZAR 40.10bn | ZAR 35.88bn |
| Shares outstanding | 234m | 242m | 242m | 242m | 251m | 251m | 330m | 347m | 357m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 11.75bn | ZAR 8.43bn | ZAR 11.13bn | ZAR 8.43bn | ZAR 5.49bn | −ZAR 2.33bn | −ZAR 54.0m | ZAR 3.40bn | ZAR 3.92bn |
| Capital spending | −ZAR 5.10bn | −ZAR 2.48bn | −ZAR 2.70bn | −ZAR 2.47bn | −ZAR 3.18bn | −ZAR 6.08bn | −ZAR 5.79bn | −ZAR 3.92bn | −ZAR 2.78bn |
| Free cash flow | ZAR 6.65bn | ZAR 5.95bn | ZAR 8.43bn | ZAR 5.96bn | ZAR 2.32bn | −ZAR 8.41bn | −ZAR 5.84bn | −ZAR 522.0m | ZAR 1.14bn |
| Dividends paid | −ZAR 4.07bn | −ZAR 5.74bn | −ZAR 5.50bn | −ZAR 9.56bn | −ZAR 4.01bn | −ZAR 1.39bn | −ZAR 247.0m | −ZAR 2.23bn | −ZAR 625.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 22.13bn | ZAR 21.19bn | ZAR 20.58bn | ZAR 21.74bn | ZAR 18.98bn | ZAR 19.75bn | ZAR 9.88bn | ZAR 18.94bn |
| Operating income | ZAR 3.86bn | ZAR 3.21bn | ZAR 4.13bn | ZAR 3.95bn | ZAR 3.52bn | ZAR 4.65bn | ZAR 1.91bn | ZAR 5.97bn |
| Net income | ZAR 3.26bn | ZAR 3.42bn | ZAR 4.14bn | ZAR 4.04bn | ZAR 3.69bn | ZAR 5.39bn | ZAR 2.69bn | ZAR 5.91bn |
| Diluted earnings per share | 13.95 | 14.63 | 17.68 | 16.72 | 15.26 | 22.30 | 11.15 | 24.45 |
| Cash from operations | ZAR 6.72bn | ZAR 5.79bn | ZAR 5.95bn | ZAR 6.59bn | ZAR 5.70bn | ZAR 9.12bn | ZAR 3.00bn | ZAR 6.92bn |
| Capital spending | −ZAR 2.39bn | −ZAR 3.11bn | −ZAR 1.99bn | −ZAR 1.38bn | −ZAR 1.06bn | −ZAR 1.90bn | −ZAR 949.0m | −ZAR 801.0m |
| Free cash flow | ZAR 4.33bn | ZAR 2.69bn | ZAR 3.97bn | ZAR 5.22bn | ZAR 4.64bn | ZAR 7.22bn | ZAR 2.05bn | ZAR 6.12bn |
| Total assets | ZAR 105.06bn | ZAR 103.21bn | ZAR 97.74bn | ZAR 94.72bn | ZAR 91.26bn | ZAR 92.85bn | ZAR 92.85bn | ZAR 88.39bn |
| Cash and short-term investments | ZAR 12.02bn | ZAR 24.84bn | ZAR 21.92bn | ZAR 20.54bn | ZAR 18.50bn | ZAR 19.86bn | ZAR 19.86bn | ZAR 16.62bn |
| Debt | ZAR 12.78bn | ZAR 12.30bn | ZAR 9.17bn | ZAR 8.32bn | ZAR 8.35bn | ZAR 8.97bn | ZAR 1.44bn | ZAR 8.97bn |
| Shareholders' equity | ZAR 56.03bn | ZAR 55.98bn | ZAR 55.48bn | ZAR 53.99bn | ZAR 51.85bn | ZAR 52.25bn | ZAR 52.25bn | ZAR 49.75bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 348.3% | 7.6% | 8.6% |
| Operating income | 238.5% | 3.1% | 7.3% |
| Net income | 279.6% | 0.8% | 38.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.0% | 20.4% | 20.6% | 21.8% |
| Net margin | 18.5% | 22.0% | 25.5% | 25.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.5 | 4.9 | 4.4 | 379.6 | 2.9 | 4.8 | 3.4 | 6.5 | 9.4 | 5.6 |
| Price to sales | 1.0 | 0.9 | 1.3 | 113.2 | 1.1 | 1.2 | 1.3 | 1.8 | 2.5 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 10.00 | 17.09 | 18.52 | 22.79 | 27.68 | 33.20 | 12.09 | 14.19 |
- 1-to-1 reverse split · 1 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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