M 
19,150.00
-0.14%
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 42.32bn
FY2017FY2026
Net income
ZAR 3.73bn
FY2017FY2026
Free cash flow
ZAR 6.98bn
FY2017FY2026
Shareholders' equity
ZAR 14.59bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 42.32bn | ZAR 40.25bn | ZAR 37.59bn | ZAR 32.67bn | ZAR 27.38bn | ZAR 22.55bn | ZAR 22.40bn | ZAR 21.99bn | ZAR 20.82bn | ZAR 19.33bn |
| Gross profit | ZAR 18.00bn | ZAR 16.67bn | ZAR 15.44bn | ZAR 13.52bn | ZAR 11.56bn | ZAR 10.01bn | ZAR 9.51bn | ZAR 9.67bn | ZAR 9.24bn | ZAR 7.96bn |
| Operating income | ZAR 5.95bn | ZAR 5.31bn | ZAR 5.11bn | ZAR 4.92bn | ZAR 4.95bn | ZAR 3.86bn | ZAR 3.97bn | ZAR 3.94bn | ZAR 3.73bn | ZAR 3.05bn |
| Net income | ZAR 3.73bn | ZAR 3.65bn | ZAR 3.28bn | ZAR 3.12bn | ZAR 3.35bn | ZAR 2.65bn | ZAR 2.70bn | ZAR 2.98bn | ZAR 2.78bn | ZAR 2.26bn |
| Diluted earnings per share | 14.09 | 13.73 | 12.38 | 11.77 | 12.68 | 10.05 | 10.26 | 11.27 | 10.51 | 8.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 40.69bn | ZAR 32.54bn | ZAR 29.82bn | ZAR 28.78bn | ZAR 22.68bn | ZAR 19.88bn | ZAR 17.35bn | ZAR 11.14bn | ZAR 10.12bn | ZAR 8.91bn |
| Cash and short-term investments | ZAR 11.67bn | ZAR 4.46bn | ZAR 2.80bn | ZAR 1.44bn | ZAR 4.61bn | ZAR 4.95bn | ZAR 4.73bn | ZAR 3.27bn | ZAR 2.76bn | ZAR 1.82bn |
| Total liabilities | ZAR 25.36bn | ZAR 18.12bn | ZAR 14.39bn | ZAR 14.85bn | ZAR 10.62bn | ZAR 9.04bn | ZAR 7.93bn | ZAR 2.46bn | ZAR 2.66bn | ZAR 2.19bn |
| Debt | ZAR 15.67bn | ZAR 8.69bn | ZAR 8.71bn | ZAR 9.15bn | ZAR 7.41bn | ZAR 5.94bn | ZAR 5.04bn | ZAR 348.0m | ZAR 246.0m | ZAR 293.0m |
| Shareholders' equity | ZAR 14.59bn | ZAR 13.43bn | ZAR 14.37bn | ZAR 13.01bn | ZAR 12.06bn | ZAR 10.84bn | ZAR 9.43bn | ZAR 8.68bn | ZAR 7.46bn | ZAR 6.74bn |
| Shares outstanding | 265m | 266m | 265m | 265m | 264m | 263m | 264m | 265m | 265m | 265m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 8.02bn | ZAR 8.39bn | ZAR 7.15bn | ZAR 5.94bn | ZAR 4.81bn | ZAR 4.77bn | ZAR 5.66bn | ZAR 2.86bn | ZAR 3.50bn | ZAR 2.57bn |
| Capital spending | −ZAR 1.03bn | −ZAR 797.0m | −ZAR 915.0m | −ZAR 838.0m | −ZAR 680.0m | −ZAR 452.0m | −ZAR 515.0m | −ZAR 306.0m | −ZAR 332.0m | −ZAR 709.0m |
| Free cash flow | ZAR 6.98bn | ZAR 7.59bn | ZAR 6.23bn | ZAR 5.10bn | ZAR 4.13bn | ZAR 4.32bn | ZAR 5.15bn | ZAR 2.55bn | ZAR 3.17bn | ZAR 1.86bn |
| Dividends paid | −ZAR 2.40bn | −ZAR 2.18bn | −ZAR 1.91bn | −ZAR 2.19bn | −ZAR 1.96bn | −ZAR 552.0m | −ZAR 1.94bn | −ZAR 1.92bn | −ZAR 1.89bn | −ZAR 1.69bn |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 23.90bn | ZAR 18.46bn | ZAR 23.18bn | ZAR 17.54bn | ZAR 21.09bn | ZAR 10.45bn | ZAR 16.28bn | ZAR 8.35bn |
| Gross profit | ZAR 10.33bn | ZAR 7.71bn | ZAR 9.84bn | ZAR 7.30bn | ZAR 8.87bn | ZAR 4.33bn | ZAR 6.36bn | ZAR 3.39bn |
| Operating income | ZAR 3.88bn | ZAR 2.12bn | ZAR 3.78bn | ZAR 2.00bn | ZAR 3.38bn | ZAR 1.59bn | ZAR 1.51bn | ZAR 961.5m |
| Net income | ZAR 2.41bn | ZAR 1.32bn | ZAR 2.41bn | ZAR 1.24bn | ZAR 2.13bn | ZAR 1.06bn | ZAR 1.15bn | ZAR 577.0m |
| Diluted earnings per share | 9.10 | 5.13 | 8.78 | 4.82 | 7.86 | 4.02 | 4.36 | 2.18 |
| Cash from operations | ZAR 4.97bn | ZAR 3.04bn | ZAR 5.49bn | ZAR 2.95bn | ZAR 4.43bn | ZAR 2.22bn | ZAR 2.71bn | ZAR 1.36bn |
| Capital spending | −ZAR 482.0m | −ZAR 590.0m | −ZAR 528.0m | −ZAR 316.0m | −ZAR 480.0m | −ZAR 228.0m | −ZAR 504.0m | −ZAR 229.0m |
| Free cash flow | ZAR 4.49bn | ZAR 2.45bn | ZAR 4.96bn | ZAR 2.63bn | ZAR 3.95bn | ZAR 1.99bn | ZAR 2.21bn | ZAR 1.13bn |
| Total assets | ZAR 40.69bn | ZAR 32.93bn | ZAR 32.54bn | ZAR 31.14bn | ZAR 29.82bn | ZAR 29.82bn | ZAR 29.12bn | ZAR 29.12bn |
| Cash and short-term investments | ZAR 11.67bn | ZAR 2.97bn | ZAR 4.46bn | ZAR 2.16bn | ZAR 2.80bn | ZAR 2.82bn | ZAR 1.46bn | ZAR 1.46bn |
| Debt | ZAR 9.46bn | ZAR 6.27bn | ZAR 6.36bn | ZAR 6.23bn | ZAR 2.20bn | ZAR 2.16bn | ZAR 2.65bn | ZAR 2.60bn |
| Shareholders' equity | ZAR 14.59bn | ZAR 13.34bn | ZAR 13.43bn | ZAR 12.38bn | ZAR 14.37bn | ZAR 14.37bn | ZAR 13.08bn | ZAR 13.08bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 13.4% | 8.0% |
| Operating income | 6.5% | 9.0% | 5.1% |
| Net income | 6.2% | 7.1% | 3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.0% | 41.6% | 42.0% | 42.3% |
| Operating margin | 13.6% | 13.9% | 14.8% | 15.8% |
| Net margin | 8.9% | 9.0% | 9.8% | 10.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.4 | 12.7 | 23.9 | 13.3 | 12.5 | 19.9 | 16.6 | 16.2 | 23.4 | 28.7 |
| Price to sales | 1.1 | 1.1 | 2.1 | 1.3 | 1.5 | 2.3 | 2.0 | 2.2 | 3.1 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 1 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.928 | 9.167 | 8.764 | 7.306 | 8.374 | 7.451 | 2.101 | 7.362 |
- 5-for-1 split · 4 Jul 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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