S 
346.00
+0.87%
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 2.92bn
FY2016FY2025
Net income
ZAR 564.0m
FY2016FY2025
Free cash flow
ZAR 650.1m
FY2016FY2025
Shareholders' equity
ZAR 11.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 2.92bn | ZAR 2.94bn | ZAR 2.54bn | ZAR 2.04bn | ZAR 2.12bn | ZAR 2.06bn | ZAR 2.28bn | ZAR 2.31bn | ZAR 2.11bn | ZAR 1.83bn |
| Operating income | ZAR 1.32bn | ZAR 1.41bn | ZAR 1.78bn | ZAR 1.30bn | ZAR 1.46bn | ZAR 665.9m | ZAR 846.4m | ZAR 997.2m | ZAR 1.37bn | ZAR 927.8m |
| Net income | ZAR 564.0m | ZAR 645.8m | ZAR 1.21bn | ZAR 819.3m | ZAR 620.9m | −ZAR 1.49bn | ZAR 235.6m | ZAR 847.9m | ZAR 1.53bn | ZAR 2.48bn |
| Diluted earnings per share | 0.17 | 0.25 | 0.49 | 0.33 | 0.25 | -0.59 | 0.09 | 0.34 | 0.60 | 1.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 21.46bn | ZAR 20.76bn | ZAR 19.93bn | ZAR 17.53bn | ZAR 17.13bn | ZAR 18.03bn | ZAR 19.79bn | ZAR 20.40bn | ZAR 19.39bn | ZAR 16.99bn |
| Cash and short-term investments | ZAR 340.5m | ZAR 518.9m | ZAR 195.0m | ZAR 180.0m | ZAR 211.3m | ZAR 168.1m | ZAR 84.3m | ZAR 117.5m | ZAR 196.2m | ZAR 242.0m |
| Total liabilities | ZAR 9.91bn | ZAR 9.60bn | ZAR 8.90bn | ZAR 7.21bn | ZAR 7.06bn | ZAR 7.94bn | ZAR 7.80bn | ZAR 7.53bn | ZAR 6.38bn | ZAR 4.92bn |
| Debt | ZAR 8.99bn | ZAR 8.82bn | ZAR 8.19bn | ZAR 6.45bn | ZAR 6.21bn | ZAR 6.70bn | ZAR 7.42bn | ZAR 6.74bn | ZAR 5.86bn | ZAR 4.60bn |
| Shareholders' equity | ZAR 11.56bn | ZAR 11.16bn | ZAR 11.03bn | ZAR 10.32bn | ZAR 10.07bn | ZAR 10.09bn | ZAR 11.99bn | ZAR 12.88bn | ZAR 13.01bn | ZAR 12.07bn |
| Shares outstanding | 3,297m | 2,541m | 2,487m | 2,493m | 2,514m | 2,521m | 2,523m | 2,531m | 2,529m | 2,354m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 672.2m | ZAR 84.7m | ZAR 730.5m | −ZAR 193.7m | ZAR 6.7m | ZAR 240.1m | −ZAR 73.1m | −ZAR 95.0m | −ZAR 58.9m | −ZAR 91.6m |
| Capital spending | −ZAR 22.1m | −ZAR 15.9m | −ZAR 5.5m | −ZAR 15.6m | −ZAR 6.1m | −ZAR 2.6m | −ZAR 6.1m | −ZAR 5.9m | −ZAR 12.8m | −ZAR 3.3m |
| Free cash flow | ZAR 650.1m | ZAR 68.8m | ZAR 725.0m | −ZAR 209.3m | ZAR 562,000 | ZAR 237.5m | −ZAR 79.2m | −ZAR 100.8m | −ZAR 71.6m | −ZAR 94.8m |
| Dividends paid | −ZAR 656.8m | −ZAR 601.2m | −ZAR 567.5m | −ZAR 643.2m | −ZAR 709.2m | −ZAR 444.1m | −ZAR 1.03bn | −ZAR 1.12bn | −ZAR 1.09bn | −ZAR 949.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.51bn | ZAR 1.47bn | ZAR 1.51bn | ZAR 1.50bn | ZAR 1.50bn | ZAR 751.4m | ZAR 1.29bn | ZAR 645.8m |
| Operating income | ZAR 813.7m | ZAR 575.3m | ZAR 712.3m | ZAR 661.5m | ZAR 698.3m | ZAR 368.2m | ZAR 1.21bn | ZAR 256.6m |
| Net income | ZAR 615.8m | ZAR 186.7m | ZAR 377.3m | ZAR 240.2m | ZAR 405.6m | ZAR 202.8m | ZAR 790.7m | ZAR 395.4m |
| Diluted earnings per share | 0.23 | 0.06 | 0.11 | 0.09 | 0.16 | 0.08 | 0.32 | 0.16 |
| Cash from operations | ZAR 462.0m | ZAR 413.0m | ZAR 258.0m | ZAR 403.0m | ZAR 282.0m | ZAR 141.0m | ZAR 420.0m | ZAR 207.0m |
| Capital spending | −ZAR 462.0m | −ZAR 413.0m | −ZAR 258.0m | −ZAR 403.0m | −ZAR 565.0m | — | −ZAR 841.0m | — |
| Free cash flow | ZAR 0 | ZAR 0 | ZAR 0 | ZAR 0 | −ZAR 283.0m | — | −ZAR 421.0m | — |
| Total assets | ZAR 21.01bn | ZAR 21.46bn | ZAR 20.27bn | ZAR 20.76bn | ZAR 20.16bn | ZAR 20.16bn | ZAR 19.93bn | ZAR 19.93bn |
| Cash and short-term investments | ZAR 291.1m | ZAR 340.5m | ZAR 456.2m | ZAR 518.9m | ZAR 212.2m | ZAR 212.2m | ZAR 195.0m | ZAR 195.0m |
| Debt | ZAR 286.5m | ZAR 8.95bn | ZAR 8.10bn | ZAR 8.79bn | ZAR 8.28bn | ZAR 1.97bn | ZAR 8.16bn | ZAR 670.4m |
| Shareholders' equity | ZAR 11.78bn | ZAR 11.56bn | ZAR 11.36bn | ZAR 11.16bn | ZAR 11.15bn | ZAR 11.15bn | ZAR 11.03bn | ZAR 11.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.7% | 7.2% | 6.1% |
| Operating income | 0.7% | 14.7% | 5.8% |
| Net income | -11.7% | — | -8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 46.6% | 55.6% | 54.2% | 51.8% |
| Net margin | 20.6% | 31.0% | 16.2% | 35.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.1 | 11.5 | 4.8 | 7.3 | 9.5 | -2.9 | 32.8 | 10.0 | 8.0 | 5.3 |
| Price to sales | 4.1 | 2.5 | 2.3 | 2.9 | 2.8 | 2.1 | 3.4 | 3.7 | 5.8 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 30 years. Last went ex-dividend on 14 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.275 | 0.253 | 0.239 | 0.226 | 0.256 | 0.282 | 0.177 | 0.409 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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