I 
806.00
+2.03%
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 8.77bn
FY2017FY2026
Net income
ZAR 1.34bn
FY2017FY2026
Free cash flow
−ZAR 180.0m
FY2017FY2026
Shareholders' equity
ZAR 7.49bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 8.77bn | ZAR 8.88bn | ZAR 9.06bn | ZAR 9.14bn | ZAR 8.98bn | ZAR 9.13bn | ZAR 6.69bn | ZAR 6.97bn | ZAR 6.06bn | ZAR 3.67bn |
| Gross profit | ZAR 3.48bn | ZAR 3.61bn | ZAR 3.69bn | ZAR 3.95bn | ZAR 4.11bn | ZAR 4.03bn | ZAR 2.54bn | ZAR 2.61bn | ZAR 2.33bn | ZAR 1.49bn |
| Operating income | ZAR 1.85bn | ZAR 2.06bn | ZAR 2.06bn | ZAR 2.39bn | ZAR 2.76bn | ZAR 2.61bn | ZAR 1.55bn | ZAR 1.86bn | ZAR 1.61bn | ZAR 1.18bn |
| Net income | ZAR 1.34bn | ZAR 1.49bn | ZAR 1.46bn | ZAR 1.60bn | ZAR 1.85bn | ZAR 1.72bn | ZAR 964.0m | ZAR 1.25bn | ZAR 1.08bn | ZAR 845.0m |
| Diluted earnings per share | 1.13 | 1.25 | 1.23 | 1.34 | 1.52 | 1.41 | 0.78 | 1.01 | 0.88 | 0.81 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 10.09bn | ZAR 10.36bn | ZAR 10.44bn | ZAR 9.77bn | ZAR 8.75bn | ZAR 8.61bn | ZAR 7.42bn | ZAR 7.42bn | ZAR 6.33bn | ZAR 4.16bn |
| Cash and short-term investments | ZAR 1.80bn | ZAR 2.22bn | ZAR 1.84bn | ZAR 1.05bn | ZAR 431.0m | ZAR 1.08bn | ZAR 860.0m | ZAR 1.20bn | ZAR 679.0m | ZAR 511.0m |
| Total liabilities | ZAR 2.34bn | ZAR 1.97bn | ZAR 1.97bn | ZAR 2.00bn | ZAR 1.75bn | ZAR 1.89bn | ZAR 1.79bn | ZAR 1.57bn | ZAR 802.0m | ZAR 390.0m |
| Debt | ZAR 941.0m | ZAR 936.0m | ZAR 982.0m | ZAR 917.0m | ZAR 942.0m | ZAR 907.0m | ZAR 850.0m | ZAR 804.0m | — | — |
| Shareholders' equity | ZAR 7.49bn | ZAR 8.09bn | ZAR 8.17bn | ZAR 7.48bn | ZAR 6.70bn | ZAR 6.35bn | ZAR 5.33bn | ZAR 5.61bn | ZAR 5.28bn | ZAR 3.71bn |
| Shares outstanding | 1,186m | 1,197m | 1,190m | 1,202m | 1,216m | 1,221m | 1,231m | 1,237m | 1,227m | 1,048m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 265.0m | ZAR 632.0m | ZAR 2.20bn | ZAR 1.54bn | ZAR 693.0m | ZAR 1.40bn | ZAR 255.0m | ZAR 1.62bn | ZAR 1.32bn | ZAR 609.0m |
| Capital spending | −ZAR 445.0m | −ZAR 240.0m | −ZAR 609.0m | −ZAR 689.0m | −ZAR 1.02bn | −ZAR 1.02bn | −ZAR 614.0m | −ZAR 622.0m | −ZAR 669.0m | −ZAR 334.0m |
| Free cash flow | −ZAR 180.0m | ZAR 392.0m | ZAR 1.59bn | ZAR 852.0m | −ZAR 331.0m | ZAR 372.0m | −ZAR 359.0m | ZAR 998.0m | ZAR 649.0m | ZAR 275.0m |
| Dividends paid | −ZAR 1.74bn | −ZAR 1.56bn | −ZAR 606.0m | −ZAR 55.0m | −ZAR 1.40bn | −ZAR 559.0m | −ZAR 1.45bn | −ZAR 899.0m | −ZAR 339.0m | −ZAR 292.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 4.07bn | ZAR 4.70bn | ZAR 4.09bn | ZAR 4.78bn | ZAR 4.27bn | ZAR 2.13bn | ZAR 4.80bn | ZAR 2.40bn |
| Gross profit | ZAR 1.59bn | ZAR 1.89bn | ZAR 1.64bn | ZAR 1.97bn | ZAR 1.71bn | ZAR 853.5m | ZAR 1.98bn | ZAR 990.0m |
| Operating income | ZAR 841.0m | ZAR 1.01bn | ZAR 882.0m | ZAR 1.17bn | ZAR 907.0m | ZAR 453.5m | ZAR 1.15bn | ZAR 573.0m |
| Net income | ZAR 615.0m | ZAR 726.0m | ZAR 653.0m | ZAR 841.0m | ZAR 651.0m | ZAR 325.5m | ZAR 811.0m | ZAR 405.5m |
| Diluted earnings per share | 0.52 | 0.61 | 0.55 | 0.71 | 0.55 | 0.27 | 0.67 | 0.34 |
| Cash from operations | ZAR 947.0m | ZAR 1.14bn | ZAR 1.15bn | ZAR 1.10bn | ZAR 1.14bn | ZAR 570.0m | ZAR 1.09bn | ZAR 532.0m |
| Capital spending | −ZAR 224.0m | −ZAR 219.0m | −ZAR 124.0m | −ZAR 110.0m | −ZAR 289.0m | −ZAR 144.0m | −ZAR 313.0m | −ZAR 154.0m |
| Free cash flow | ZAR 723.0m | ZAR 917.0m | ZAR 1.03bn | ZAR 994.0m | ZAR 851.0m | ZAR 426.0m | ZAR 779.0m | ZAR 378.0m |
| Total assets | ZAR 10.09bn | ZAR 9.84bn | ZAR 10.36bn | ZAR 10.14bn | ZAR 10.44bn | ZAR 10.44bn | ZAR 10.17bn | ZAR 10.17bn |
| Cash and short-term investments | ZAR 1.71bn | ZAR 1.49bn | ZAR 2.22bn | ZAR 1.59bn | ZAR 1.84bn | ZAR 1.84bn | ZAR 1.46bn | ZAR 1.46bn |
| Debt | ZAR 587.0m | ZAR 569.0m | ZAR 568.0m | ZAR 640.0m | ZAR 562.0m | ZAR 562.0m | ZAR 555.0m | ZAR 555.0m |
| Shareholders' equity | ZAR 7.49bn | ZAR 7.33bn | ZAR 8.09bn | ZAR 7.78bn | ZAR 8.17bn | ZAR 8.17bn | ZAR 7.93bn | ZAR 7.93bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.4% | -0.8% | 9.5% |
| Operating income | -8.1% | -6.6% | 4.8% |
| Net income | -5.8% | -4.8% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.2% | 41.1% | 42.4% | 41.1% |
| Operating margin | 22.1% | 23.3% | 25.4% | 26.0% |
| Net margin | 16.1% | 16.5% | 17.6% | 17.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 7.3 | 11.5 | 8.4 | 8.9 | 11.9 | 18.3 | 12.6 | 14.6 | 16.4 |
| Price to sales | 1.0 | 1.2 | 1.9 | 1.5 | 1.8 | 2.3 | 2.6 | 2.3 | 2.6 | 3.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 9 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.46 | 0.46 | 0.50 | 0.48 | 0.59 | 0.59 | 0.41 | 0.65 |
- 44-for-1 split · 29 Oct 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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