N 
250.00
—
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 119.9m
FY2017FY2026
Net income
ZAR 37.1m
FY2017FY2026
Free cash flow
−ZAR 4.3m
FY2017FY2026
Shareholders' equity
ZAR 165.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 119.9m | ZAR 58.9m | ZAR 35.2m | ZAR 46.5m | ZAR 44.6m | ZAR 55.9m | ZAR 50.9m | ZAR 50.7m | ZAR 47.3m | ZAR 44.7m |
| Research and development | — | — | — | — | — | — | — | — | ZAR 128,000 | ZAR 254,000 |
| Operating income | −ZAR 37.2m | −ZAR 22.0m | −ZAR 33.6m | −ZAR 14.8m | −ZAR 13.1m | ZAR 11.7m | ZAR 42,000 | ZAR 2.4m | ZAR 269,000 | ZAR 2.2m |
| Net income | ZAR 37.1m | ZAR 20.3m | ZAR 10.9m | ZAR 6.6m | ZAR 5.0m | ZAR 9.6m | ZAR 3.6m | ZAR 6.5m | ZAR 5.4m | ZAR 6.9m |
| Diluted earnings per share | 0.69 | 0.38 | 0.20 | 0.12 | 0.09 | 0.18 | 0.07 | 0.12 | 0.09 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 1.09bn | ZAR 834.8m | ZAR 621.7m | ZAR 870.4m | ZAR 710.0m | ZAR 671.2m | ZAR 749.5m | ZAR 662.9m | ZAR 640.3m | ZAR 594.8m |
| Cash and short-term investments | ZAR 1.03bn | ZAR 776.7m | ZAR 547.0m | ZAR 409.0m | ZAR 281.0m | ZAR 256.8m | ZAR 248.2m | ZAR 157.8m | ZAR 188.5m | ZAR 158.4m |
| Total liabilities | ZAR 928.9m | ZAR 700.1m | ZAR 504.0m | ZAR 757.8m | ZAR 604.0m | ZAR 567.6m | ZAR 653.9m | ZAR 563.8m | ZAR 537.6m | ZAR 495.5m |
| Debt | ZAR 2.1m | ZAR 2.0m | ZAR 5.0m | ZAR 8.9m | ZAR 12.3m | ZAR 10.1m | ZAR 1.8m | ZAR 1.8m | — | — |
| Shareholders' equity | ZAR 165.3m | ZAR 134.7m | ZAR 117.7m | ZAR 112.6m | ZAR 106.0m | ZAR 103.6m | ZAR 95.6m | ZAR 99.1m | ZAR 102.7m | ZAR 99.3m |
| Shares outstanding | 53m | 53m | 53m | 53m | 53m | 53m | 53m | 53m | 57m | 66m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −ZAR 2.0m | ZAR 92.4m | −ZAR 10.9m | ZAR 17.7m | ZAR 168,000 | ZAR 22.8m | −ZAR 43.3m | −ZAR 15.8m | ZAR 16.3m | −ZAR 6.4m |
| Capital spending | −ZAR 2.3m | −ZAR 2.2m | −ZAR 842,000 | −ZAR 97,000 | −ZAR 1.8m | −ZAR 544,000 | −ZAR 198,000 | −ZAR 2.0m | −ZAR 1.0m | −ZAR 965,000 |
| Free cash flow | −ZAR 4.3m | ZAR 90.2m | −ZAR 11.7m | ZAR 17.7m | −ZAR 1.6m | ZAR 22.3m | −ZAR 43.5m | −ZAR 17.8m | ZAR 15.3m | −ZAR 7.3m |
| Dividends paid | −ZAR 6.4m | −ZAR 3.2m | −ZAR 2.7m | −ZAR 1.6m | −ZAR 2.7m | −ZAR 1.6m | −ZAR 2.0m | −ZAR 2.0m | −ZAR 2.0m | −ZAR 2.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 58.5m | ZAR 61.4m | ZAR 54.8m | ZAR 29.2m | ZAR 28.2m | ZAR 14.1m | ZAR 35.6m | ZAR 10.8m |
| Operating income | −ZAR 25.0m | −ZAR 14.6m | ZAR 5.2m | −ZAR 9.2m | −ZAR 11.0m | −ZAR 5.0m | −ZAR 16.6m | −ZAR 3.6m |
| Net income | ZAR 15.1m | ZAR 21.9m | ZAR 6.5m | ZAR 13.8m | ZAR 7.2m | ZAR 3.6m | ZAR 3.7m | ZAR 1.9m |
| Diluted earnings per share | 0.28 | 0.41 | 0.12 | 0.26 | 0.14 | 0.07 | 0.07 | 0.03 |
| Cash from operations | −ZAR 157.0m | ZAR 155.0m | ZAR 16.0m | ZAR 79.0m | −ZAR 9.0m | −ZAR 4.0m | ZAR 4.0m | — |
| Capital spending | −ZAR 2.0m | — | −ZAR 1.0m | — | — | — | — | — |
| Free cash flow | −ZAR 159.0m | — | ZAR 15.0m | — | — | — | — | — |
| Total assets | ZAR 1.09bn | ZAR 1.02bn | ZAR 834.8m | ZAR 691.1m | ZAR 621.7m | ZAR 621.7m | ZAR 587.5m | ZAR 587.5m |
| Cash and short-term investments | ZAR 1.03bn | ZAR 959.4m | ZAR 776.7m | ZAR 628.0m | ZAR 547.0m | ZAR 547.0m | ZAR 509.6m | ZAR 509.6m |
| Debt | ZAR 338,000 | ZAR 1.2m | ZAR 2.0m | ZAR 2.4m | ZAR 2.9m | ZAR 2.9m | ZAR 3.7m | ZAR 3.7m |
| Shareholders' equity | ZAR 165.3m | ZAR 150.2m | ZAR 134.7m | ZAR 128.2m | ZAR 117.7m | ZAR 117.7m | ZAR 110.4m | ZAR 110.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.2% | 16.5% | 8.9% |
| Operating income | 36.1% | — | — |
| Net income | 77.8% | 31.0% | 16.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -33.1% | -41.3% | -30.2% | -16.3% |
| Net margin | 32.0% | 28.7% | 24.8% | 19.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.6 | 4.8 | 0.0 | 2.4 | 1.5 | 1.6 | 2.2 | 0.4 | 0.2 | 0.1 |
| Price to sales | 1.1 | 1.6 | 0.0 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 16 Jul 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.06 | 0.05 | 0.03 | 0.05 | 0.03 | 0.038 | 0.03 |
- 2-for-1 split · 23 Jun 2005
- 3-for-2 split · 28 Jan 2002
- 5-for-4 split · 12 Nov 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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