26,909.00
-0.75%
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 34.39bn
FY2016FY2025
Net income
ZAR 3.82bn
FY2016FY2025
Free cash flow
ZAR 1.09bn
FY2016FY2025
Shareholders' equity
ZAR 16.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 34.39bn | ZAR 37.66bn | ZAR 37.39bn | ZAR 34.03bn | ZAR 30.95bn | ZAR 29.80bn | ZAR 29.23bn | ZAR 28.47bn | ZAR 31.30bn | ZAR 31.70bn |
| Gross profit | ZAR 10.77bn | ZAR 10.67bn | ZAR 10.34bn | ZAR 10.32bn | ZAR 8.81bn | ZAR 8.96bn | ZAR 8.85bn | ZAR 9.24bn | ZAR 10.44bn | ZAR 10.20bn |
| Research and development | — | ZAR 61.0m | ZAR 80.0m | ZAR 66.6m | ZAR 58.3m | ZAR 51.5m | ZAR 57.5m | ZAR 62.3m | ZAR 16.4m | ZAR 15.6m |
| Operating income | ZAR 3.83bn | ZAR 3.14bn | ZAR 3.12bn | ZAR 3.43bn | ZAR 3.91bn | ZAR 2.97bn | ZAR 3.05bn | ZAR 4.05bn | ZAR 4.53bn | ZAR 4.83bn |
| Net income | ZAR 3.82bn | ZAR 3.03bn | ZAR 2.70bn | ZAR 2.86bn | ZAR 1.89bn | ZAR 1.49bn | ZAR 3.86bn | ZAR 2.40bn | ZAR 3.12bn | ZAR 3.31bn |
| Diluted earnings per share | 24.87 | 19.22 | 17.01 | 17.99 | 11.27 | 8.91 | 23.18 | 14.44 | 18.92 | 19.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 26.95bn | ZAR 26.46bn | ZAR 25.84bn | ZAR 24.02bn | ZAR 22.83bn | ZAR 22.33bn | ZAR 22.18bn | ZAR 23.93bn | ZAR 23.98bn | ZAR 24.53bn |
| Cash and short-term investments | ZAR 4.85bn | ZAR 1.55bn | ZAR 775.9m | ZAR 1.12bn | ZAR 2.16bn | ZAR 1.79bn | ZAR 1.72bn | ZAR 1.58bn | ZAR 1.22bn | ZAR 737.0m |
| Total liabilities | ZAR 9.72bn | ZAR 8.26bn | ZAR 8.53bn | ZAR 8.33bn | ZAR 7.13bn | ZAR 6.55bn | ZAR 6.77bn | ZAR 6.46bn | ZAR 6.92bn | ZAR 8.49bn |
| Debt | ZAR 357.0m | ZAR 1.24bn | ZAR 2.09bn | ZAR 1.49bn | ZAR 567.3m | ZAR 338.2m | ZAR 519.0m | ZAR 991.2m | ZAR 790.6m | ZAR 2.77bn |
| Shareholders' equity | ZAR 16.98bn | ZAR 17.98bn | ZAR 17.10bn | ZAR 15.55bn | ZAR 15.55bn | ZAR 15.63bn | ZAR 15.24bn | ZAR 17.30bn | ZAR 16.80bn | ZAR 15.55bn |
| Shares outstanding | 154m | 158m | 159m | 159m | 168m | 168m | 167m | 166m | 165m | 167m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 2.28bn | ZAR 4.59bn | ZAR 1.93bn | ZAR 2.03bn | ZAR 3.30bn | ZAR 1.61bn | ZAR 2.90bn | ZAR 748.6m | ZAR 3.21bn | ZAR 3.23bn |
| Capital spending | −ZAR 1.19bn | −ZAR 970.4m | −ZAR 1.21bn | −ZAR 961.0m | −ZAR 1.01bn | −ZAR 937.1m | −ZAR 1.10bn | −ZAR 719.6m | −ZAR 919.0m | −ZAR 945.4m |
| Free cash flow | ZAR 1.09bn | ZAR 3.62bn | ZAR 721.4m | ZAR 1.07bn | ZAR 2.28bn | ZAR 672.1m | ZAR 1.80bn | ZAR 29.0m | ZAR 2.29bn | ZAR 2.29bn |
| Dividends paid | −ZAR 3.55bn | −ZAR 1.64bn | −ZAR 1.56bn | −ZAR 1.39bn | −ZAR 1.68bn | −ZAR 740.6m | −ZAR 2.28bn | −ZAR 1.85bn | −ZAR 1.83bn | −ZAR 1.66bn |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 17.91bn | ZAR 15.91bn | ZAR 18.48bn | ZAR 18.43bn | ZAR 19.23bn | ZAR 9.61bn | ZAR 18.01bn | ZAR 9.00bn |
| Gross profit | ZAR 5.74bn | ZAR 5.30bn | ZAR 5.47bn | ZAR 5.29bn | ZAR 5.38bn | ZAR 2.69bn | ZAR 5.10bn | ZAR 2.55bn |
| Operating income | ZAR 3.00bn | ZAR 2.79bn | ZAR 1.76bn | ZAR 1.80bn | ZAR 1.32bn | ZAR 660.1m | ZAR 2.45bn | ZAR 821.3m |
| Net income | ZAR 1.58bn | ZAR 1.72bn | ZAR 2.10bn | ZAR 1.63bn | ZAR 1.39bn | ZAR 645.9m | ZAR 1.53bn | ZAR 763.3m |
| Diluted earnings per share | 10.61 | 11.21 | 13.66 | 10.37 | 8.85 | 4.07 | 9.63 | 4.81 |
| Cash from operations | ZAR 1.74bn | ZAR 2.86bn | ZAR 2.96bn | ZAR 4.46bn | ZAR 124.0m | ZAR 62.0m | ZAR 2.14bn | ZAR 1.07bn |
| Capital spending | −ZAR 707.0m | −ZAR 709.0m | −ZAR 462.0m | −ZAR 410.0m | −ZAR 559.0m | −ZAR 279.0m | −ZAR 764.0m | −ZAR 382.0m |
| Free cash flow | ZAR 1.04bn | ZAR 2.15bn | ZAR 2.50bn | ZAR 4.05bn | −ZAR 435.0m | −ZAR 217.0m | ZAR 1.37bn | ZAR 687.0m |
| Total assets | ZAR 22.11bn | ZAR 26.95bn | ZAR 28.34bn | ZAR 26.46bn | ZAR 27.44bn | ZAR 27.44bn | ZAR 25.84bn | ZAR 25.84bn |
| Cash and short-term investments | ZAR 992.0m | ZAR 4.85bn | ZAR 6.46bn | ZAR 1.55bn | ZAR 1.02bn | ZAR 1.02bn | ZAR 775.9m | ZAR 775.9m |
| Debt | ZAR 2.41bn | ZAR 116.0m | ZAR 691.1m | ZAR 1.24bn | ZAR 3.01bn | ZAR 2.85bn | ZAR 883.7m | ZAR 883.7m |
| Shareholders' equity | ZAR 11.07bn | ZAR 16.98bn | ZAR 18.61bn | ZAR 17.98bn | ZAR 17.11bn | ZAR 17.11bn | ZAR 17.10bn | ZAR 17.10bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 2.9% | 0.9% |
| Operating income | 3.8% | 5.2% | 1.4% |
| Net income | 10.0% | 20.6% | 8.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.8% | 29.3% | 29.3% | 30.5% |
| Operating margin | 9.7% | 9.4% | 10.0% | 11.3% |
| Net margin | 9.5% | 8.6% | 7.7% | 8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 15.0 | 11.8 | 11.7 | 16.1 | 23.4 | 9.1 | 17.6 | 22.6 | 18.6 |
| Price to sales | 1.6 | 1.2 | 0.8 | 1.0 | 1.0 | 1.2 | 1.2 | 1.5 | 2.3 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 1 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 16.59 | 11.35 | 10.40 | 9.73 | 8.26 | 8.57 | 4.34 | 10.23 |
- 1.008-to-1 reverse split · 10 Oct 2005
- 1-to-1 reverse split · 21 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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