F 
2,500.00
+0.60%
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 6.41bn
FY2017FY2026
Net income
ZAR 5.07bn
FY2017FY2026
Free cash flow
ZAR 1.06bn
FY2017FY2026
Shareholders' equity
ZAR 34.58bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 6.41bn | ZAR 6.02bn | ZAR 4.33bn | ZAR 3.79bn | ZAR 3.45bn | ZAR 3.23bn | ZAR 3.62bn | ZAR 3.63bn | ZAR 3.63bn | ZAR 3.30bn |
| Gross profit | ZAR 4.45bn | ZAR 4.11bn | ZAR 2.57bn | ZAR 2.24bn | ZAR 2.08bn | ZAR 1.92bn | ZAR 2.21bn | ZAR 2.44bn | ZAR 2.54bn | ZAR 2.18bn |
| Research and development | — | — | — | ZAR 1 | ZAR 0 | ZAR 1 | ZAR 2 | ZAR 0 | ZAR 2 | ZAR 1 |
| Operating income | ZAR 5.45bn | ZAR 4.06bn | ZAR 7.55bn | ZAR 1.78bn | ZAR 1.78bn | ZAR 2.12bn | −ZAR 834.9m | ZAR 3.12bn | ZAR 4.90bn | ZAR 5.18bn |
| Net income | ZAR 5.07bn | ZAR 2.68bn | ZAR 4.33bn | ZAR 5.92bn | ZAR 777.8m | ZAR 3.35bn | −ZAR 8.37bn | ZAR 2.62bn | −ZAR 4.90bn | ZAR 4.42bn |
| Diluted earnings per share | 4.13 | 2.21 | 3.63 | 2.78 | 0.37 | 1.58 | -3.90 | 1.22 | -2.18 | 1.96 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 65.99bn | ZAR 59.86bn | ZAR 53.59bn | ZAR 54.24bn | ZAR 47.59bn | ZAR 45.63bn | ZAR 43.20bn | ZAR 53.45bn | ZAR 56.64bn | ZAR 62.07bn |
| Cash and short-term investments | ZAR 5.98bn | ZAR 5.19bn | ZAR 2.19bn | ZAR 208.5m | ZAR 693.6m | ZAR 543.0m | ZAR 486.9m | ZAR 11.5m | ZAR 676.9m | ZAR 15.8m |
| Total liabilities | ZAR 31.16bn | ZAR 29.24bn | ZAR 23.53bn | ZAR 20.72bn | ZAR 20.63bn | ZAR 18.25bn | ZAR 19.00bn | ZAR 18.43bn | ZAR 19.59bn | ZAR 16.95bn |
| Debt | ZAR 27.12bn | ZAR 26.18bn | ZAR 21.57bn | ZAR 19.04bn | ZAR 19.12bn | ZAR 16.57bn | ZAR 16.71bn | ZAR 17.18bn | ZAR 18.27bn | ZAR 14.81bn |
| Shareholders' equity | ZAR 34.58bn | ZAR 30.43bn | ZAR 29.87bn | ZAR 33.33bn | ZAR 26.74bn | ZAR 27.26bn | ZAR 24.12bn | ZAR 34.90bn | ZAR 36.95bn | ZAR 45.07bn |
| Shares outstanding | 1,229m | 1,213m | 1,194m | 2,129m | 2,120m | 2,121m | 2,149m | 2,145m | 2,252m | 2,260m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 2.27bn | ZAR 1.76bn | ZAR 1.21bn | ZAR 721.8m | ZAR 1.32bn | ZAR 1.46bn | ZAR 579.9m | −ZAR 1.29bn | −ZAR 2.71bn | −ZAR 1.16bn |
| Capital spending | −ZAR 1.22bn | −ZAR 48.6m | −ZAR 2.30bn | −ZAR 2.22bn | −ZAR 2.08bn | −ZAR 360.9m | −ZAR 260.6m | −ZAR 1.07bn | −ZAR 228.2m | −ZAR 1.03bn |
| Free cash flow | ZAR 1.06bn | ZAR 1.71bn | −ZAR 1.09bn | −ZAR 1.50bn | −ZAR 762.2m | ZAR 1.10bn | ZAR 319.3m | −ZAR 2.36bn | −ZAR 2.94bn | −ZAR 2.19bn |
| Dividends paid | −ZAR 1.09bn | −ZAR 293.3m | −ZAR 633.5m | −ZAR 3.6m | −ZAR 879.4m | −ZAR 281.3m | −ZAR 1.59bn | −ZAR 3.49bn | −ZAR 3.63bn | −ZAR 3.11bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 3.05bn | ZAR 3.36bn | ZAR 3.08bn | ZAR 2.93bn | ZAR 2.19bn | ZAR 2.14bn | ZAR 1.61bn | ZAR 1.92bn |
| Gross profit | ZAR 2.13bn | ZAR 2.32bn | ZAR 2.08bn | ZAR 2.03bn | ZAR 1.31bn | ZAR 1.25bn | ZAR 1.14bn | ZAR 1.16bn |
| Operating income | ZAR 2.27bn | ZAR 3.18bn | ZAR 2.83bn | ZAR 1.23bn | ZAR 1.32bn | ZAR 2.96bn | ZAR 1.04bn | ZAR 3.13bn |
| Net income | ZAR 2.92bn | ZAR 2.15bn | ZAR 1.29bn | ZAR 1.38bn | ZAR 1.19bn | ZAR 2.11bn | ZAR 1.48bn | ZAR 2.11bn |
| Diluted earnings per share | 2.38 | 1.77 | 1.07 | 1.16 | 1.00 | 0.99 | 0.70 | 0.99 |
| Cash from operations | ZAR 1.27bn | ZAR 1.00bn | ZAR 1.27bn | ZAR 730.0m | ZAR 884.0m | ZAR 258.0m | ZAR 163.0m | ZAR 288.0m |
| Capital spending | −ZAR 584.0m | −ZAR 632.0m | −ZAR 544.0m | −ZAR 771.0m | −ZAR 897.0m | −ZAR 1.40bn | — | −ZAR 915.0m |
| Free cash flow | ZAR 683.0m | ZAR 373.0m | ZAR 725.0m | −ZAR 41.0m | −ZAR 13.0m | −ZAR 1.14bn | — | −ZAR 627.0m |
| Total assets | ZAR 65.99bn | ZAR 59.69bn | ZAR 59.86bn | ZAR 55.01bn | ZAR 53.59bn | ZAR 58.11bn | ZAR 58.11bn | ZAR 54.24bn |
| Cash and short-term investments | ZAR 5.98bn | ZAR 3.85bn | ZAR 5.19bn | ZAR 1.93bn | ZAR 2.19bn | ZAR 267.6m | ZAR 267.6m | ZAR 208.5m |
| Debt | ZAR 27.12bn | ZAR 24.75bn | ZAR 26.18bn | ZAR 22.63bn | ZAR 21.57bn | ZAR 19.70bn | ZAR 2.85bn | ZAR 19.04bn |
| Shareholders' equity | ZAR 34.58bn | ZAR 31.39bn | ZAR 30.43bn | ZAR 30.01bn | ZAR 29.87bn | ZAR 36.36bn | ZAR 36.36bn | ZAR 33.33bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.2% | 14.7% | 10.9% |
| Operating income | 45.2% | 20.8% | — |
| Net income | -5.0% | 8.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.9% | 65.1% | 63.8% | 64.8% |
| Operating margin | 76.5% | 91.7% | 83.5% | 67.8% |
| Net margin | 62.4% | 87.6% | 81.3% | 24.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.0 | 10.8 | 5.6 | 2.5 | 13.1 | 2.1 | -0.8 | 4.2 | -4.3 | 13.9 |
| Price to sales | 4.7 | 4.8 | 5.6 | 4.0 | 3.0 | 2.1 | 1.8 | 3.0 | 5.8 | 18.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 14 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.909 | 1.742 | 1.463 | 0.814 | 3.091 | 3.365 | 3.71 | 3.099 |
- 1-to-1 reverse split · 14 Feb 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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