K 
63.90
+1.46%
Close of 9 Nov 2026, in USD
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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 5.48bn
FY2019FY2026
Net income
ZAR 993.9m
FY2019FY2026
Free cash flow
—
FY2019FY2026
Shareholders' equity
ZAR 3.31bn
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 5.48bn | ZAR 4.57bn | ZAR 4.21bn | ZAR 3.51bn | ZAR 2.75bn | ZAR 2.29bn | ZAR 1.94bn | ZAR 1.69bn |
| Gross profit | ZAR 3.72bn | ZAR 3.20bn | ZAR 2.69bn | ZAR 2.27bn | ZAR 1.82bn | ZAR 1.62bn | ZAR 1.37bn | ZAR 1.21bn |
| Research and development | ZAR 261.5m | ZAR 226.9m | ZAR 212.2m | ZAR 177.0m | ZAR 149.2m | ZAR 100.1m | ZAR 44.9m | ZAR 48.3m |
| Operating income | ZAR 1.41bn | ZAR 1.31bn | ZAR 1.04bn | ZAR 881.9m | ZAR 699.1m | ZAR 726.6m | ZAR 630.9m | ZAR 499.9m |
| Net income | ZAR 993.9m | ZAR 921.0m | ZAR 738.2m | ZAR 597.2m | ZAR 450.0m | ZAR 318.2m | ZAR 289.9m | ZAR 236.9m |
| Diluted earnings per share | 32.17 | 29.82 | 23.90 | 19.29 | 14.54 | 10.28 | 13.46 | 11.65 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 5.85bn | ZAR 5.10bn | ZAR 4.27bn | ZAR 3.72bn | ZAR 3.04bn | ZAR 2.86bn | ZAR 1.81bn | ZAR 1.53bn |
| Cash and short-term investments | ZAR 1.16bn | ZAR 1.05bn | ZAR 456.0m | ZAR 957.4m | ZAR 719.2m | ZAR 967.6m | ZAR 143.6m | ZAR 51.9m |
| Total liabilities | ZAR 2.49bn | ZAR 1.84bn | ZAR 1.29bn | ZAR 1.05bn | ZAR 899.7m | ZAR 1.60bn | ZAR 607.4m | ZAR 691.4m |
| Debt | ZAR 1.15bn | ZAR 727.5m | ZAR 263.9m | ZAR 179.1m | ZAR 211.5m | ZAR 1.00bn | ZAR 127.7m | ZAR 356.2m |
| Shareholders' equity | ZAR 3.31bn | ZAR 3.21bn | ZAR 2.94bn | ZAR 2.64bn | ZAR 2.11bn | ZAR 838.2m | ZAR 860.1m | ZAR 618.3m |
| Shares outstanding | 31m | 31m | 31m | 31m | 31m | 31m | 22m | 20m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 1.81bn | ZAR 1.97bn | ZAR 972.8m | ZAR 1.13bn | ZAR 952.6m | ZAR 931.0m | ZAR 901.2m | ZAR 490.1m |
| Capital spending | −ZAR 1.81bn | −ZAR 1.04bn | −ZAR 892.6m | −ZAR 626.3m | −ZAR 565.0m | −ZAR 523.3m | −ZAR 423.0m | −ZAR 438.0m |
| Free cash flow | — | ZAR 928.9m | ZAR 80.1m | ZAR 500.4m | ZAR 387.6m | ZAR 407.8m | ZAR 478.3m | ZAR 52.1m |
| Dividends paid | −ZAR 694.4m | −ZAR 624.5m | −ZAR 508.8m | −ZAR 331.3m | −ZAR 331.3m | −ZAR 418.1m | −ZAR 92.0m | −ZAR 154.1m |
Latest quarters
By quarter end
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.66bn | ZAR 1.56bn | ZAR 1.45bn | ZAR 1.41bn | ZAR 1.34bn | ZAR 1.28bn | ZAR 1.22bn | ZAR 1.16bn |
| Gross profit | ZAR 1.09bn | ZAR 1.07bn | ZAR 959.6m | ZAR 978.8m | ZAR 912.4m | ZAR 873.3m | ZAR 868.9m | ZAR 808.0m |
| Operating income | ZAR 425.1m | ZAR 409.7m | ZAR 337.7m | ZAR 369.2m | ZAR 356.0m | ZAR 351.8m | ZAR 385.2m | ZAR 325.2m |
| Net income | ZAR 289.6m | ZAR 294.3m | ZAR 222.1m | ZAR 264.1m | ZAR 243.6m | ZAR 264.1m | ZAR 250.6m | ZAR 237.3m |
| Diluted earnings per share | 9.38 | 9.53 | 7.19 | 8.55 | 7.89 | 8.55 | 8.11 | 7.68 |
| Cash from operations | ZAR 559.0m | ZAR 537.0m | ZAR 502.0m | ZAR 539.0m | ZAR 282.0m | ZAR 625.0m | ZAR 260.0m | ZAR 468.0m |
| Capital spending | −ZAR 559.0m | −ZAR 477.0m | −ZAR 502.0m | −ZAR 539.0m | −ZAR 282.0m | −ZAR 625.0m | — | −ZAR 468.0m |
| Free cash flow | ZAR 0 | ZAR 60.0m | ZAR 0 | ZAR 0 | ZAR 0 | ZAR 0 | — | ZAR 0 |
| Total assets | ZAR 6.28bn | ZAR 6.29bn | ZAR 5.85bn | ZAR 5.21bn | ZAR 4.91bn | ZAR 5.33bn | ZAR 5.08bn | ZAR 4.78bn |
| Cash and short-term investments | ZAR 650.2m | ZAR 1.11bn | ZAR 1.16bn | ZAR 574.7m | ZAR 419.5m | ZAR 1.10bn | — | ZAR 921.0m |
| Debt | ZAR 896.9m | ZAR 916.7m | ZAR 990.8m | ZAR 470.7m | ZAR 465.7m | ZAR 399.9m | ZAR 31.6m | ZAR 459.0m |
| Shareholders' equity | ZAR 3.08bn | ZAR 3.58bn | ZAR 3.31bn | ZAR 3.18bn | ZAR 2.99bn | ZAR 3.44bn | ZAR 3.20bn | ZAR 2.92bn |
Financial ratios
Data as of 24 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 68.0% | 70.1% | 64.0% | 64.8% | 66.4% | 70.7% |
| Operating margin | 25.8% | 28.7% | 24.8% | 25.1% | 25.5% | 31.7% |
| Net margin | 18.1% | 20.2% | 17.6% | 17.0% | 16.4% | 13.9% |
| Return on equity | 30.0% | 28.7% | 25.1% | 22.6% | 21.3% | 38.0% |
| Return on assets | 17.0% | 18.1% | 17.3% | 16.1% | 14.8% | 11.1% |
| Free cash flow yield | 182.1% | 152.0% | 94.0% | 88.2% | 76.4% | 73.2% |
| Revenue growth | 20.0% | 8.6% | 19.9% | 27.7% | 19.9% | 18.0% |
| Earnings growth | 7.9% | 24.8% | 23.6% | 32.7% | 41.4% | 9.8% |
| Current ratio | 1.06x | 1.14x | 1.55x | 1.85x | 1.79x | 0.93x |
| Debt to equity | 0.30x | 0.19x | 0.05x | 0.04x | 0.07x | 1.13x |
| Equity ratio | 56.6% | 63.1% | 68.8% | 70.9% | 69.6% | 29.3% |
| Interest coverage | 18.17x | 25.30x | 64.69x | 87.36x | 56.70x | 78.11x |
| R&D as a share of sales | 4.8% | 5.0% | 5.0% | 5.0% | 5.4% | 4.4% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.2% | 0.0% | 0.0% | -43.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.6% | 18.8% | — |
| Operating income | 17.1% | 14.3% | — |
| Net income | 18.5% | 25.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 69.0% | 67.0% | 67.3% | — |
| Operating margin | 27.1% | 26.2% | 26.7% | — |
| Net margin | 19.1% | 18.3% | 17.6% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Price to earnings | 33.6 | 25.1 | 31.1 |
| Price to sales | 6.2 | 5.1 | 5.5 |
Market value over time
30 Apr 2021 to 23 Sept 2026, in ZAR
ZAR 778.2mZAR 1.98bn
Share price return
Finished calendar years
| 2025 | 2024 | |
|---|---|---|
| Return | 3% | 52% |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 17 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Paid in the year | 1.50 | 1.25 | 1.08 | 0.85 | 0.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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