R 
7,778.00
-0.17%
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 3.93bn
FY2016FY2025
Net income
ZAR 4.57bn
FY2016FY2025
Free cash flow
−ZAR 98.2m
FY2016FY2025
Shareholders' equity
ZAR 26.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 3.93bn | ZAR 3.65bn | ZAR 3.38bn | ZAR 3.50bn | ZAR 1.54bn | ZAR 2.86bn | ZAR 3.59bn | ZAR 2.90bn | ZAR 2.66bn | ZAR 2.38bn |
| Gross profit | ZAR 2.48bn | ZAR 2.27bn | ZAR 2.14bn | ZAR 2.27bn | ZAR 1.01bn | ZAR 1.79bn | ZAR 2.57bn | ZAR 1.88bn | ZAR 1.73bn | ZAR 1.51bn |
| Operating income | ZAR 2.17bn | ZAR 2.07bn | ZAR 1.78bn | ZAR 2.11bn | ZAR 936.9m | ZAR 1.68bn | ZAR 2.42bn | ZAR 2.57bn | ZAR 2.69bn | ZAR 2.11bn |
| Net income | ZAR 4.57bn | ZAR 2.88bn | ZAR 3.53bn | ZAR 3.79bn | ZAR 1.79bn | ZAR 213.3m | −ZAR 3.68bn | ZAR 4.59bn | −ZAR 3.32bn | ZAR 2.51bn |
| Diluted earnings per share | 13.64 | 8.58 | 10.46 | 10.78 | 4.97 | 0.58 | -10.14 | 12.46 | -9.00 | 7.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 41.47bn | ZAR 38.06bn | ZAR 35.70bn | ZAR 33.24bn | ZAR 30.81bn | ZAR 30.34bn | ZAR 32.87bn | ZAR 37.13bn | ZAR 40.69bn | ZAR 49.05bn |
| Cash and short-term investments | ZAR 110.9m | ZAR 91.3m | ZAR 85.7m | ZAR 137.7m | ZAR 115.5m | ZAR 125.5m | ZAR 68.2m | ZAR 776.9m | ZAR 560.0m | ZAR 969.4m |
| Total liabilities | ZAR 15.44bn | ZAR 15.01bn | ZAR 13.73bn | ZAR 13.39bn | ZAR 12.01bn | ZAR 11.11bn | ZAR 12.99bn | ZAR 11.96bn | ZAR 17.85bn | ZAR 20.40bn |
| Debt | ZAR 13.61bn | ZAR 13.29bn | ZAR 12.05bn | ZAR 11.63bn | ZAR 9.51bn | ZAR 8.84bn | ZAR 11.25bn | ZAR 10.19bn | ZAR 15.92bn | ZAR 17.73bn |
| Shareholders' equity | ZAR 26.03bn | ZAR 23.05bn | ZAR 21.97bn | ZAR 19.84bn | ZAR 18.80bn | ZAR 19.23bn | ZAR 19.88bn | ZAR 25.17bn | ZAR 22.85bn | ZAR 28.65bn |
| Shares outstanding | 335m | 335m | 337m | 352m | 359m | 362m | 362m | 368m | 369m | 352m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −ZAR 98.2m | −ZAR 266.0m | −ZAR 249.1m | −ZAR 150.3m | ZAR 71.4m | ZAR 107.9m | −ZAR 559.7m | −ZAR 669.1m | −ZAR 1.27bn | −ZAR 1.25bn |
| Free cash flow | −ZAR 98.2m | −ZAR 266.0m | −ZAR 249.1m | −ZAR 150.3m | ZAR 71.4m | ZAR 107.9m | −ZAR 559.7m | −ZAR 669.1m | −ZAR 1.27bn | −ZAR 1.25bn |
| Dividends paid | — | — | — | −ZAR 1.62bn | — | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 2.00bn | ZAR 1.93bn | ZAR 1.87bn | ZAR 1.78bn | ZAR 1.72bn | ZAR 1.66bn | ZAR 929.2m | ZAR 1.97bn |
| Gross profit | ZAR 1.25bn | ZAR 1.23bn | ZAR 1.15bn | ZAR 1.12bn | ZAR 1.05bn | ZAR 1.09bn | ZAR 617.1m | ZAR 1.26bn |
| Operating income | ZAR 1.09bn | ZAR 1.08bn | ZAR 1.01bn | ZAR 1.06bn | ZAR 780.6m | ZAR 999.3m | ZAR 292.9m | ZAR 1.17bn |
| Net income | ZAR 3.98bn | ZAR 591.9m | ZAR 1.57bn | ZAR 1.31bn | ZAR 2.74bn | ZAR 784.4m | ZAR 294.3m | ZAR 2.00bn |
| Diluted earnings per share | 11.88 | 1.77 | 4.68 | 3.90 | 8.18 | 2.31 | 0.86 | 5.95 |
| Total assets | ZAR 41.47bn | ZAR 38.24bn | ZAR 38.06bn | ZAR 36.99bn | ZAR 35.70bn | ZAR 33.85bn | ZAR 33.85bn | ZAR 33.24bn |
| Cash and short-term investments | ZAR 110.9m | ZAR 58.7m | ZAR 91.3m | ZAR 113.7m | ZAR 85.7m | ZAR 918.9m | ZAR 72.1m | ZAR 137.7m |
| Debt | ZAR 11.47bn | ZAR 12.30bn | ZAR 11.06bn | ZAR 12.64bn | ZAR 8.78bn | ZAR 8.81bn | ZAR 8.82bn | ZAR 9.59bn |
| Shareholders' equity | ZAR 26.03bn | ZAR 23.30bn | ZAR 23.05bn | ZAR 22.22bn | ZAR 21.97bn | ZAR 20.04bn | ZAR 19.74bn | ZAR 19.84bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 6.5% | 5.8% |
| Operating income | 0.9% | 5.2% | 2.4% |
| Net income | 6.5% | 84.6% | 1.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.8% | 63.4% | 63.5% | 64.7% |
| Operating margin | 55.9% | 56.2% | 57.0% | 68.2% |
| Net margin | 98.3% | 102.1% | 88.9% | 63.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.9 | 6.8 | 4.2 | 5.0 | 12.0 | 71.7 | -6.7 | 4.6 | -15.1 | 14.4 |
| Price to sales | 6.8 | 5.4 | 4.4 | 5.4 | 14.0 | 5.3 | 6.9 | 7.2 | 18.8 | 15.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 2 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.191 | 4.67 | 4.22 | 4.072 | 6.868 | 3.032 | 5.359 | 5.226 |
- 1-to-1 reverse split · 12 Dec 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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