S 
1,460.00
-0.95%
Close of 9 Nov 2026, in ZAc
Search any instrument
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 1.84bn
FY2016FY2025
Net income
ZAR 327.5m
FY2016FY2025
Free cash flow
ZAR 160.4m
FY2016FY2025
Shareholders' equity
ZAR 2.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.84bn | ZAR 1.61bn | ZAR 1.41bn | ZAR 1.21bn | ZAR 1.10bn | ZAR 932.9m | ZAR 815.4m | ZAR 632.9m | ZAR 122.6m | ZAR 296.6m |
| Research and development | ZAR 135.8m | ZAR 109.8m | ZAR 75.0m | ZAR 59.0m | ZAR 46.9m | — | — | — | — | — |
| Operating income | ZAR 459.2m | ZAR 372.8m | ZAR 502.7m | ZAR 276.5m | ZAR 233.9m | ZAR 184.9m | ZAR 146.9m | ZAR 85.8m | −ZAR 12.4m | ZAR 75.9m |
| Net income | ZAR 327.5m | ZAR 261.9m | ZAR 208.2m | ZAR 165.6m | ZAR 126.0m | −ZAR 119.8m | ZAR 69.8m | ZAR 63.3m | −ZAR 7.0m | ZAR 12.2m |
| Diluted earnings per share | 0.38 | 0.30 | 0.24 | 0.19 | 0.14 | -0.14 | 0.08 | 0.08 | -0.01 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 2.67bn | ZAR 2.39bn | ZAR 23.2m | ZAR 2.28bn | ZAR 2.17bn | ZAR 2.12bn | ZAR 2.07bn | ZAR 1.90bn | ZAR 1.70bn | ZAR 919.8m |
| Cash and short-term investments | ZAR 156.0m | ZAR 129.9m | ZAR 1.3m | ZAR 148.2m | ZAR 65.6m | ZAR 116.8m | ZAR 93.4m | ZAR 259.5m | ZAR 646.1m | ZAR 150.1m |
| Total liabilities | ZAR 529.5m | ZAR 365.6m | ZAR 4.5m | ZAR 399.5m | ZAR 417.5m | ZAR 636.1m | ZAR 483.4m | ZAR 207.1m | ZAR 283.6m | ZAR 347.8m |
| Debt | ZAR 251.7m | ZAR 112.7m | ZAR 1.2m | ZAR 169.9m | ZAR 199.5m | ZAR 213.1m | ZAR 234.9m | ZAR 16.5m | ZAR 124.1m | ZAR 259.7m |
| Shareholders' equity | ZAR 2.08bn | ZAR 1.96bn | ZAR 17.9m | ZAR 1.77bn | ZAR 1.65bn | ZAR 1.49bn | ZAR 1.57bn | ZAR 1.65bn | ZAR 1.39bn | ZAR 557.4m |
| Shares outstanding | 864m | 861m | 859m | 873m | 878m | 831m | 839m | 829m | 745m | 498m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 430.8m | ZAR 355.5m | ZAR 245.7m | ZAR 229.9m | ZAR 189.5m | ZAR 194.9m | ZAR 141.3m | ZAR 77.3m | −ZAR 47.7m | ZAR 10.9m |
| Capital spending | −ZAR 270.3m | −ZAR 106.1m | −ZAR 59.7m | −ZAR 92.9m | −ZAR 181.9m | −ZAR 104.6m | −ZAR 178.9m | −ZAR 44.1m | −ZAR 222.3m | −ZAR 73.2m |
| Free cash flow | ZAR 160.4m | ZAR 249.4m | ZAR 186.0m | ZAR 137.1m | ZAR 7.7m | ZAR 90.3m | −ZAR 37.6m | ZAR 33.1m | −ZAR 270.0m | −ZAR 62.4m |
| Dividends paid | −ZAR 128.6m | −ZAR 84.7m | −ZAR 75.7m | −ZAR 40.0m | −ZAR 1,000 | −ZAR 40.0m | −ZAR 40.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 1.08bn | ZAR 884.2m | ZAR 956.8m | ZAR 785.6m | ZAR 826.0m | ZAR 413.0m | ZAR 700.1m | ZAR 350.1m |
| Operating income | ZAR 283.0m | ZAR 210.8m | ZAR 371.0m | ZAR 176.8m | ZAR 296.8m | ZAR 148.4m | ZAR 333.3m | ZAR 69.2m |
| Net income | ZAR 203.3m | ZAR 151.0m | ZAR 176.6m | ZAR 124.5m | ZAR 137.5m | ZAR 68.7m | ZAR 93.0m | ZAR 46.5m |
| Diluted earnings per share | 0.24 | 0.17 | 0.20 | 0.14 | 0.16 | 0.08 | 0.11 | 0.05 |
| Cash from operations | ZAR 353.0m | ZAR 120.0m | ZAR 310.0m | ZAR 103.0m | ZAR 251.0m | ZAR 125.0m | — | ZAR 32.0m |
| Capital spending | −ZAR 135.0m | −ZAR 163.0m | −ZAR 106.0m | −ZAR 42.0m | −ZAR 33.0m | −ZAR 16.0m | — | −ZAR 7.0m |
| Free cash flow | ZAR 218.0m | −ZAR 43.0m | ZAR 204.0m | ZAR 61.0m | ZAR 218.0m | ZAR 109.0m | — | ZAR 25.0m |
| Total assets | ZAR 2.91bn | ZAR 2.67bn | ZAR 2.70bn | ZAR 2.39bn | ZAR 2.40bn | ZAR 2.40bn | ZAR 2.32bn | ZAR 2.32bn |
| Cash and short-term investments | ZAR 150.2m | ZAR 156.0m | ZAR 214.6m | ZAR 129.9m | ZAR 98.4m | ZAR 98.4m | ZAR 130.3m | ZAR 130.3m |
| Debt | ZAR 147.8m | ZAR 145.4m | ZAR 86.1m | ZAR 32.5m | ZAR 32.2m | ZAR 32.2m | ZAR 35.0m | ZAR 35.0m |
| Shareholders' equity | ZAR 2.08bn | ZAR 2.08bn | ZAR 1.99bn | ZAR 1.96bn | ZAR 1.83bn | ZAR 1.83bn | ZAR 1.79bn | ZAR 1.79bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.9% | 14.6% | 47.2% |
| Operating income | 18.4% | 20.0% | 52.9% |
| Net income | 25.5% | — | 51.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 24.1% | 26.5% | 25.0% | 23.3% |
| Net margin | 17.1% | 15.8% | 12.0% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 35.1 | 22.7 | 21.5 | 25.9 | 26.1 | -13.5 | 24.0 | 45.8 | -852.6 |
| Price to sales | 6.2 | 3.7 | 3.2 | 3.5 | 3.0 | 1.7 | 2.1 | 4.6 | 49.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 22 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.184 | 0.151 | 0.10 | 0.089 | 0.047 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.