V 
16,267.00
-2.52%
Close of 6 Nov 2026, in ZAc
At a glance
Figures in ZAR, from our data supplier.
Revenue
ZAR 166.12bn
FY2017FY2026
Net income
ZAR 20.65bn
FY2017FY2026
Free cash flow
ZAR 30.26bn
FY2017FY2026
Shareholders' equity
ZAR 92.55bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 166.12bn | ZAR 152.23bn | ZAR 150.59bn | ZAR 119.17bn | ZAR 102.74bn | ZAR 98.30bn | ZAR 90.75bn | ZAR 86.63bn | ZAR 86.37bn | ZAR 81.28bn |
| Operating income | ZAR 39.43bn | ZAR 35.79bn | ZAR 35.34bn | ZAR 29.25bn | ZAR 28.24bn | ZAR 27.65bn | ZAR 27.71bn | ZAR 24.49bn | ZAR 24.25bn | ZAR 21.75bn |
| Net income | ZAR 20.65bn | ZAR 16.60bn | ZAR 16.29bn | ZAR 16.77bn | ZAR 17.16bn | ZAR 16.58bn | ZAR 15.94bn | ZAR 14.82bn | ZAR 15.34bn | ZAR 13.42bn |
| Diluted earnings per share | 9.94 | 8.37 | 8.32 | 8.53 | 9.06 | 9.48 | 9.17 | 8.58 | 8.88 | 7.88 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 276.43bn | ZAR 249.98bn | ZAR 240.61bn | ZAR 228.31bn | ZAR 177.97bn | ZAR 171.98bn | ZAR 190.22bn | ZAR 153.64bn | ZAR 131.37bn | ZAR 81.14bn |
| Cash and short-term investments | ZAR 32.76bn | ZAR 27.17bn | ZAR 25.12bn | ZAR 23.01bn | ZAR 18.09bn | ZAR 16.09bn | ZAR 18.65bn | ZAR 12.73bn | ZAR 13.50bn | ZAR 9.12bn |
| Total liabilities | ZAR 169.20bn | ZAR 146.33bn | ZAR 136.78bn | ZAR 130.89bn | ZAR 92.50bn | ZAR 86.29bn | ZAR 90.15bn | ZAR 67.25bn | ZAR 60.71bn | ZAR 58.14bn |
| Debt | ZAR 94.25bn | ZAR 2.09bn | ZAR 73.48bn | ZAR 70.34bn | ZAR 52.47bn | ZAR 49.92bn | ZAR 52.56bn | ZAR 34.24bn | ZAR 32.29bn | ZAR 31.38bn |
| Shareholders' equity | ZAR 92.55bn | ZAR 92.02bn | ZAR 92.76bn | ZAR 85.95bn | ZAR 79.44bn | ZAR 79.37bn | ZAR 91.66bn | ZAR 77.99bn | ZAR 64.47bn | ZAR 24.06bn |
| Shares outstanding | 2,078m | 1,984m | 1,959m | 1,966m | 1,895m | 1,750m | 1,738m | 1,728m | 1,728m | 1,702m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 53.51bn | ZAR 52.80bn | ZAR 49.01bn | ZAR 40.95bn | ZAR 34.03bn | ZAR 33.36bn | ZAR 32.83bn | ZAR 28.04bn | ZAR 26.11bn | ZAR 25.74bn |
| Capital spending | −ZAR 23.25bn | −ZAR 24.69bn | −ZAR 22.32bn | −ZAR 20.18bn | −ZAR 13.84bn | −ZAR 13.44bn | −ZAR 13.89bn | −ZAR 13.65bn | −ZAR 10.82bn | −ZAR 11.69bn |
| Free cash flow | ZAR 30.26bn | ZAR 28.11bn | ZAR 26.69bn | ZAR 20.78bn | ZAR 20.18bn | ZAR 19.92bn | ZAR 18.94bn | ZAR 14.39bn | ZAR 15.28bn | ZAR 14.05bn |
| Dividends paid | −ZAR 12.95bn | −ZAR 11.11bn | −ZAR 12.37bn | −ZAR 13.14bn | −ZAR 14.17bn | −ZAR 13.94bn | −ZAR 14.36bn | −ZAR 13.98bn | −ZAR 13.01bn | −ZAR 11.66bn |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 85.49bn | ZAR 80.63bn | ZAR 78.69bn | ZAR 73.54bn | ZAR 77.80bn | ZAR 38.90bn | ZAR 72.13bn | ZAR 36.40bn |
| Operating income | ZAR 20.86bn | ZAR 17.28bn | ZAR 19.66bn | ZAR 16.13bn | ZAR 18.32bn | ZAR 8.74bn | ZAR 15.21bn | ZAR 7.83bn |
| Net income | ZAR 11.54bn | ZAR 9.11bn | ZAR 9.76bn | ZAR 6.84bn | ZAR 7.91bn | ZAR 3.95bn | ZAR 8.38bn | ZAR 4.19bn |
| Diluted earnings per share | 5.55 | 4.59 | 4.92 | 3.49 | 4.04 | 2.01 | 4.27 | 2.13 |
| Cash from operations | ZAR 34.43bn | ZAR 20.77bn | ZAR 36.94bn | ZAR 15.86bn | ZAR 32.32bn | ZAR 16.16bn | ZAR 16.69bn | ZAR 8.35bn |
| Capital spending | −ZAR 12.23bn | −ZAR 11.02bn | −ZAR 13.83bn | −ZAR 10.86bn | −ZAR 12.03bn | −ZAR 6.01bn | −ZAR 10.30bn | −ZAR 5.15bn |
| Free cash flow | ZAR 22.20bn | ZAR 9.75bn | ZAR 23.11bn | ZAR 5.00bn | ZAR 20.29bn | ZAR 10.14bn | ZAR 6.40bn | ZAR 3.20bn |
| Total assets | ZAR 276.43bn | ZAR 249.76bn | ZAR 249.98bn | ZAR 224.81bn | ZAR 240.61bn | ZAR 240.61bn | ZAR 235.09bn | ZAR 235.09bn |
| Cash and short-term investments | ZAR 32.76bn | ZAR 24.78bn | ZAR 27.17bn | ZAR 28.27bn | ZAR 25.12bn | ZAR 34.84bn | ZAR 16.60bn | ZAR 27.42bn |
| Debt | ZAR 78.46bn | ZAR 12.55bn | ZAR 52.05bn | ZAR 13.48bn | ZAR 56.64bn | ZAR 13.94bn | ZAR 13.39bn | ZAR 13.39bn |
| Shareholders' equity | ZAR 92.55bn | ZAR 90.11bn | ZAR 92.02bn | ZAR 83.22bn | ZAR 92.76bn | ZAR 92.76bn | ZAR 87.97bn | ZAR 87.97bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.7% | 11.1% | 7.6% |
| Operating income | 10.5% | 7.4% | 6.5% |
| Net income | 7.2% | 4.5% | 4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.6% | 23.8% | 24.8% | 25.9% |
| Net margin | 11.7% | 12.0% | 13.2% | 14.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | 16.9 | 12.2 | 12.4 | 13.6 | 14.2 | 13.6 | 13.4 | 14.9 | 18.5 |
| Price to sales | 2.0 | 1.8 | 1.3 | 1.8 | 2.3 | 2.4 | 2.4 | 2.3 | 2.6 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 17 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.05 | 6.65 | 6.02 | 6.35 | 7.70 | 8.30 | 8.20 | 4.60 |
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.