M 
1,500.00
-1.90%
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 7.26bn
FY2017FY2026
Net income
ZAR 107.6m
FY2017FY2026
Free cash flow
ZAR 2.7m
FY2017FY2026
Shareholders' equity
ZAR 1.65bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 7.26bn | ZAR 7.18bn | ZAR 8.51bn | ZAR 10.13bn | ZAR 8.91bn | ZAR 7.99bn | ZAR 6.40bn | ZAR 5.85bn | ZAR 5.67bn | ZAR 5.24bn |
| Gross profit | ZAR 924.9m | ZAR 957.9m | ZAR 1.04bn | ZAR 1.41bn | ZAR 1.27bn | ZAR 1.19bn | ZAR 910.1m | ZAR 817.6m | ZAR 795.4m | ZAR 661.5m |
| Operating income | ZAR 160.2m | ZAR 179.5m | ZAR 245.9m | ZAR 454.8m | ZAR 406.9m | ZAR 472.5m | ZAR 201.0m | ZAR 217.5m | ZAR 163.1m | ZAR 175.6m |
| Net income | ZAR 107.6m | ZAR 38.8m | ZAR 21.4m | ZAR 219.6m | ZAR 220.0m | ZAR 293.8m | ZAR 86.8m | ZAR 104.6m | ZAR 79.8m | ZAR 73.1m |
| Diluted earnings per share | 1.99 | 0.72 | 0.40 | 3.82 | 3.73 | 4.56 | 1.24 | 1.49 | 1.12 | 0.91 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 3.86bn | ZAR 4.04bn | ZAR 4.89bn | ZAR 5.72bn | ZAR 5.01bn | ZAR 3.63bn | ZAR 3.63bn | ZAR 3.10bn | ZAR 2.93bn | ZAR 2.98bn |
| Cash and short-term investments | ZAR 206.2m | ZAR 225.7m | ZAR 303.6m | ZAR 349.3m | ZAR 375.3m | ZAR 267.7m | ZAR 263.6m | ZAR 221.7m | ZAR 295.4m | ZAR 230.4m |
| Total liabilities | ZAR 2.21bn | ZAR 2.48bn | ZAR 3.37bn | ZAR 4.16bn | ZAR 3.60bn | ZAR 2.27bn | ZAR 2.50bn | ZAR 2.04bn | ZAR 1.94bn | ZAR 2.00bn |
| Debt | ZAR 937.5m | ZAR 1.30bn | ZAR 2.11bn | ZAR 2.42bn | ZAR 2.15bn | ZAR 1.21bn | ZAR 1.40bn | ZAR 1.35bn | ZAR 1.16bn | ZAR 244.9m |
| Shareholders' equity | ZAR 1.65bn | ZAR 1.55bn | ZAR 1.52bn | ZAR 1.57bn | ZAR 1.41bn | ZAR 1.35bn | ZAR 1.12bn | ZAR 1.05bn | ZAR 984.4m | ZAR 970.3m |
| Shares outstanding | 54m | 54m | 54m | 58m | 59m | 64m | 70m | 70m | 71m | 80m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 15.6m | ZAR 534.0m | −ZAR 159.1m | −ZAR 45.8m | ZAR 71.8m | ZAR 220.8m | ZAR 339.5m | −ZAR 171.4m | ZAR 138.6m | ZAR 99.9m |
| Capital spending | −ZAR 12.9m | −ZAR 6.7m | −ZAR 43.1m | −ZAR 94.4m | −ZAR 52.1m | −ZAR 56.5m | −ZAR 42.0m | −ZAR 48.9m | −ZAR 60.7m | −ZAR 33.5m |
| Free cash flow | ZAR 2.7m | ZAR 527.3m | −ZAR 202.2m | −ZAR 140.2m | ZAR 19.8m | ZAR 164.3m | ZAR 297.5m | −ZAR 220.2m | ZAR 77.9m | ZAR 66.3m |
| Dividends paid | −ZAR 7.9m | −ZAR 4.3m | −ZAR 44.3m | −ZAR 44.8m | −ZAR 60.1m | −ZAR 21.7m | −ZAR 21.6m | −ZAR 19.3m | −ZAR 13.7m | −ZAR 13.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 3.71bn | ZAR 3.54bn | ZAR 3.52bn | ZAR 3.66bn | ZAR 4.24bn | ZAR 2.12bn | ZAR 4.27bn | ZAR 2.13bn |
| Gross profit | ZAR 480.1m | ZAR 444.8m | ZAR 451.7m | ZAR 506.2m | ZAR 469.8m | ZAR 234.9m | ZAR 570.3m | ZAR 285.1m |
| Operating income | ZAR 100.6m | ZAR 59.2m | ZAR 45.6m | ZAR 123.9m | ZAR 97.9m | ZAR 49.0m | ZAR 180.6m | ZAR 85.0m |
| Net income | ZAR 62.5m | ZAR 45.1m | ZAR 26.4m | ZAR 12.5m | −ZAR 31.0m | −ZAR 15.5m | ZAR 52.4m | ZAR 26.2m |
| Diluted earnings per share | 1.15 | 0.83 | 0.49 | 0.23 | -0.57 | -0.29 | 0.91 | 0.46 |
| Cash from operations | −ZAR 119.0m | ZAR 134.0m | −ZAR 74.0m | ZAR 608.0m | ZAR 87.0m | ZAR 43.0m | −ZAR 246.0m | −ZAR 123.0m |
| Capital spending | −ZAR 8.0m | −ZAR 4.0m | −ZAR 4.0m | −ZAR 1.0m | −ZAR 11.0m | −ZAR 5.0m | −ZAR 24.0m | −ZAR 12.0m |
| Free cash flow | −ZAR 127.0m | ZAR 130.0m | −ZAR 78.0m | ZAR 607.0m | ZAR 76.0m | ZAR 38.0m | −ZAR 270.0m | −ZAR 135.0m |
| Total assets | ZAR 3.86bn | ZAR 4.21bn | ZAR 4.04bn | ZAR 4.36bn | ZAR 4.89bn | ZAR 4.89bn | ZAR 5.25bn | ZAR 5.25bn |
| Cash and short-term investments | ZAR 206.2m | ZAR 346.9m | ZAR 225.7m | ZAR 309.6m | ZAR 303.6m | ZAR 303.6m | ZAR 241.6m | ZAR 241.6m |
| Debt | ZAR 28.3m | ZAR 82.3m | ZAR 90.2m | ZAR 85.6m | ZAR 2.03bn | ZAR 2.03bn | ZAR 682.4m | ZAR 650.0m |
| Shareholders' equity | ZAR 1.65bn | ZAR 1.59bn | ZAR 1.55bn | ZAR 1.53bn | ZAR 1.52bn | ZAR 1.52bn | ZAR 1.57bn | ZAR 1.57bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.5% | -1.9% | 3.2% |
| Operating income | -29.4% | -19.5% | -1.6% |
| Net income | -21.2% | -18.2% | 3.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.0% | 13.1% | 13.6% | 13.6% |
| Operating margin | 2.4% | 3.1% | 3.8% | 3.7% |
| Net margin | 1.0% | 1.2% | 1.8% | 1.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.3 | 20.4 | 40.2 | 3.4 | 3.9 | 2.9 | 6.8 | 6.3 | 6.8 | 6.3 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 8 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.138 | 0.075 | 0.77 | 0.76 | 0.90 | 0.26 | 0.30 | 0.22 |
- 1-to-1 reverse split · 3 Feb 2003
- 1-to-1 reverse split · 8 May 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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