I 
17,525.00
-2.78%
Close of 6 Nov 2026, in ZAc
At a glance
Figures in ZAR, from our data supplier.
Revenue
ZAR 135.15bn
FY2017FY2026
Net income
ZAR 31.04bn
FY2017FY2026
Free cash flow
ZAR 21.73bn
FY2017FY2026
Shareholders' equity
ZAR 114.77bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 135.15bn | ZAR 85.46bn | ZAR 86.40bn | ZAR 106.59bn | ZAR 118.33bn | ZAR 129.57bn | ZAR 69.85bn | ZAR 48.63bn | ZAR 35.85bn | ZAR 36.84bn |
| Gross profit | ZAR 32.82bn | ZAR 2.44bn | ZAR 5.47bn | ZAR 22.34bn | ZAR 41.28bn | ZAR 53.45bn | ZAR 23.27bn | ZAR 6.84bn | ZAR 1.58bn | −ZAR 529.0m |
| Operating income | ZAR 32.34bn | ZAR 2.39bn | ZAR 3.40bn | ZAR 21.50bn | ZAR 40.70bn | ZAR 53.52bn | ZAR 24.03bn | ZAR 6.55bn | −ZAR 13.17bn | −ZAR 10.28bn |
| Net income | ZAR 31.04bn | ZAR 761.0m | −ZAR 17.31bn | ZAR 4.91bn | ZAR 32.05bn | ZAR 47.03bn | ZAR 16.05bn | ZAR 1.47bn | −ZAR 10.68bn | −ZAR 8.22bn |
| Diluted earnings per share | 34.34 | 0.85 | -19.23 | 5.47 | 37.70 | 57.36 | 19.10 | 1.73 | -13.59 | -11.44 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 164.71bn | ZAR 135.86bn | ZAR 132.96bn | ZAR 169.39bn | ZAR 156.09bn | ZAR 126.47bn | ZAR 95.86bn | ZAR 66.95bn | ZAR 66.17bn | ZAR 73.48bn |
| Cash and short-term investments | ZAR 23.58bn | ZAR 11.67bn | ZAR 9.66bn | ZAR 26.84bn | ZAR 27.56bn | ZAR 24.48bn | ZAR 13.33bn | ZAR 8.47bn | ZAR 3.71bn | ZAR 7.84bn |
| Total liabilities | ZAR 44.59bn | ZAR 39.24bn | ZAR 36.33bn | ZAR 43.35bn | ZAR 36.80bn | ZAR 35.80bn | ZAR 31.31bn | ZAR 25.87bn | ZAR 26.57bn | ZAR 24.25bn |
| Debt | — | ZAR 3.79bn | ZAR 3.34bn | ZAR 2.59bn | ZAR 1.22bn | ZAR 1.33bn | ZAR 8.98bn | ZAR 8.56bn | ZAR 10.35bn | ZAR 9.54bn |
| Shareholders' equity | ZAR 114.77bn | ZAR 91.56bn | ZAR 91.40bn | ZAR 114.85bn | ZAR 114.70bn | ZAR 87.83bn | ZAR 61.88bn | ZAR 39.14bn | ZAR 37.21bn | ZAR 46.81bn |
| Shares outstanding | 904m | 900m | 900m | 896m | 850m | 820m | 841m | 849m | 786m | 719m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 28.61bn | ZAR 7.37bn | ZAR 8.20bn | ZAR 23.57bn | ZAR 34.94bn | ZAR 41.83bn | ZAR 17.12bn | ZAR 10.66bn | −ZAR 1.0m | ZAR 1.01bn |
| Capital spending | −ZAR 6.88bn | −ZAR 6.86bn | −ZAR 13.98bn | −ZAR 12.67bn | −ZAR 8.97bn | −ZAR 6.26bn | −ZAR 4.25bn | −ZAR 3.88bn | −ZAR 4.67bn | −ZAR 3.43bn |
| Free cash flow | ZAR 21.73bn | ZAR 509.0m | −ZAR 5.78bn | ZAR 10.90bn | ZAR 25.97bn | ZAR 35.57bn | ZAR 12.87bn | ZAR 6.78bn | −ZAR 4.67bn | −ZAR 2.42bn |
| Dividends paid | −ZAR 5.16bn | — | −ZAR 1.49bn | −ZAR 12.47bn | −ZAR 14.39bn | −ZAR 11.04bn | −ZAR 973.0m | −ZAR 973.0m | −ZAR 973.0m | −ZAR 973.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 74.37bn | ZAR 60.77bn | ZAR 43.18bn | ZAR 42.28bn | ZAR 42.97bn | ZAR 21.49bn | ZAR 43.42bn | ZAR 21.71bn |
| Gross profit | ZAR 19.70bn | ZAR 13.44bn | ZAR 313.0m | ZAR 2.12bn | −ZAR 1.22bn | −ZAR 607.5m | ZAR 3.36bn | ZAR 1.72bn |
| Operating income | ZAR 19.24bn | ZAR 13.42bn | ZAR 27.0m | ZAR 2.05bn | −ZAR 1.36bn | −ZAR 682.0m | ZAR 3.33bn | ZAR 1.62bn |
| Net income | ZAR 21.72bn | ZAR 9.32bn | −ZAR 1.11bn | ZAR 1.87bn | −ZAR 18.93bn | −ZAR 9.46bn | ZAR 1.61bn | ZAR 807.0m |
| Diluted earnings per share | 24.03 | 10.35 | -1.23 | 2.07 | -21.02 | -10.51 | 1.80 | 0.90 |
| Cash from operations | ZAR 18.23bn | ZAR 10.39bn | ZAR 4.59bn | ZAR 4.19bn | ZAR 5.63bn | ZAR 2.81bn | ZAR 1.86bn | ZAR 656.0m |
| Capital spending | −ZAR 3.44bn | −ZAR 3.44bn | −ZAR 3.03bn | −ZAR 3.82bn | −ZAR 7.18bn | −ZAR 3.59bn | −ZAR 6.80bn | −ZAR 3.40bn |
| Free cash flow | ZAR 14.79bn | ZAR 6.94bn | ZAR 1.55bn | ZAR 368.0m | −ZAR 1.55bn | −ZAR 777.0m | −ZAR 4.94bn | −ZAR 2.74bn |
| Total assets | ZAR 164.71bn | ZAR 142.68bn | ZAR 135.86bn | ZAR 135.99bn | ZAR 132.96bn | ZAR 132.96bn | ZAR 152.72bn | ZAR 152.72bn |
| Cash and short-term investments | ZAR 23.58bn | ZAR 15.25bn | ZAR 11.67bn | ZAR 9.98bn | ZAR 9.66bn | ZAR 9.66bn | ZAR 9.23bn | ZAR 9.23bn |
| Debt | ZAR 2.02bn | ZAR 1.49bn | ZAR 3.43bn | ZAR 1.93bn | ZAR 2.77bn | ZAR 1.43bn | ZAR 1.43bn | ZAR 1.43bn |
| Shareholders' equity | ZAR 114.77bn | ZAR 97.04bn | ZAR 91.56bn | ZAR 94.46bn | ZAR 91.40bn | ZAR 91.40bn | ZAR 108.46bn | ZAR 108.46bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.2% | 0.8% | 14.2% |
| Operating income | 14.6% | -9.6% | — |
| Net income | 85.0% | -8.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.0% | 15.2% | 23.9% | 21.3% |
| Operating margin | 15.7% | 14.4% | 23.3% | 18.1% |
| Net margin | 14.4% | 4.7% | 14.9% | 10.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.8 | 309.9 | -4.6 | 16.7 | 5.7 | 3.9 | 10.6 | 82.8 | -2.7 | -2.9 |
| Price to sales | 1.1 | 2.8 | 0.9 | 0.8 | 1.5 | 1.4 | 2.4 | 2.5 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 22 Sept 2026.
| FY2027 | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 14.45 | 5.75 | 1.65 | 14.70 | 17.25 | 14.00 | 1.25 | 0.60 |
- 8-for-1 split · 6 Nov 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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