W 
16,075.00
+1.62%
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 28.33bn
FY2017FY2026
Net income
ZAR 1.21bn
FY2017FY2026
Free cash flow
ZAR 574.7m
FY2017FY2026
Shareholders' equity
ZAR 6.04bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 28.33bn | ZAR 28.49bn | ZAR 27.53bn | ZAR 23.77bn | ZAR 17.24bn | ZAR 19.46bn | ZAR 43.08bn | ZAR 40.61bn | ZAR 35.03bn | ZAR 31.91bn |
| Gross profit | ZAR 2.60bn | ZAR 2.57bn | ZAR 2.50bn | ZAR 2.04bn | ZAR 1.64bn | ZAR 1.68bn | ZAR 814.0m | ZAR 1.96bn | ZAR 2.07bn | ZAR 2.14bn |
| Operating income | ZAR 1.33bn | ZAR 1.42bn | ZAR 1.25bn | ZAR 1.06bn | ZAR 814.2m | ZAR 868.8m | −ZAR 585.3m | ZAR 512.8m | ZAR 1.03bn | ZAR 780.6m |
| Net income | ZAR 1.21bn | ZAR 1.24bn | ZAR 968.2m | ZAR 790.2m | −ZAR 2.16bn | ZAR 316.0m | −ZAR 497.8m | ZAR 498.5m | ZAR 815.9m | ZAR 722.1m |
| Diluted earnings per share | 22.70 | 23.99 | 18.11 | 14.98 | -40.63 | 5.94 | -9.36 | 9.38 | 15.33 | 13.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 16.83bn | ZAR 16.08bn | ZAR 15.36bn | ZAR 14.65bn | ZAR 11.87bn | ZAR 18.48bn | ZAR 20.91bn | ZAR 19.76bn | ZAR 18.62bn | ZAR 16.23bn |
| Cash and short-term investments | ZAR 4.47bn | ZAR 4.31bn | ZAR 3.66bn | ZAR 3.68bn | ZAR 3.34bn | ZAR 5.68bn | ZAR 7.60bn | ZAR 5.95bn | ZAR 5.99bn | ZAR 5.55bn |
| Total liabilities | ZAR 10.58bn | ZAR 10.51bn | ZAR 10.68bn | ZAR 10.65bn | ZAR 8.93bn | ZAR 12.85bn | ZAR 15.03bn | ZAR 13.64bn | ZAR 12.60bn | ZAR 10.79bn |
| Debt | ZAR 725.6m | ZAR 661.1m | ZAR 776.0m | ZAR 840.4m | ZAR 639.8m | ZAR 674.6m | ZAR 835.4m | ZAR 273.5m | ZAR 177.1m | ZAR 274.4m |
| Shareholders' equity | ZAR 6.04bn | ZAR 5.33bn | ZAR 4.53bn | ZAR 3.86bn | ZAR 2.86bn | ZAR 5.53bn | ZAR 5.68bn | ZAR 5.87bn | ZAR 5.81bn | ZAR 5.30bn |
| Shares outstanding | 53m | 52m | 53m | 53m | 53m | 53m | 53m | 53m | 53m | 53m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ZAR 843.3m | ZAR 1.83bn | ZAR 858.2m | ZAR 1.34bn | −ZAR 636.7m | −ZAR 1.24bn | ZAR 753.8m | ZAR 1.15bn | ZAR 927.7m | ZAR 822.2m |
| Capital spending | −ZAR 268.6m | −ZAR 267.8m | −ZAR 221.1m | −ZAR 191.6m | −ZAR 102.1m | −ZAR 94.9m | −ZAR 137.0m | −ZAR 223.2m | −ZAR 238.3m | −ZAR 220.4m |
| Free cash flow | ZAR 574.7m | ZAR 1.56bn | ZAR 637.0m | ZAR 1.15bn | −ZAR 738.8m | −ZAR 1.34bn | ZAR 616.7m | ZAR 924.7m | ZAR 689.4m | ZAR 601.8m |
| Dividends paid | −ZAR 393.8m | −ZAR 296.2m | −ZAR 194.0m | −ZAR 303.1m | −ZAR 157.7m | −ZAR 62.2m | −ZAR 113.7m | −ZAR 166.5m | −ZAR 275.2m | −ZAR 277.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ZAR 14.30bn | ZAR 14.02bn | ZAR 13.83bn | ZAR 14.66bn | ZAR 14.23bn | ZAR 7.11bn | ZAR 13.30bn | ZAR 6.65bn |
| Gross profit | ZAR 1.32bn | ZAR 1.28bn | ZAR 1.31bn | ZAR 1.26bn | ZAR 1.34bn | ZAR 671.6m | ZAR 1.16bn | ZAR 577.8m |
| Operating income | ZAR 657.7m | ZAR 655.5m | ZAR 702.0m | ZAR 681.9m | ZAR 644.4m | ZAR 322.2m | ZAR 602.4m | ZAR 301.2m |
| Net income | ZAR 650.2m | ZAR 560.5m | ZAR 669.6m | ZAR 572.0m | ZAR 490.8m | ZAR 245.4m | ZAR 477.4m | ZAR 241.1m |
| Diluted earnings per share | 12.19 | 10.83 | 12.94 | 10.70 | 9.18 | 4.59 | 9.05 | 4.57 |
| Cash from operations | ZAR 374.0m | ZAR 862.0m | ZAR 779.0m | ZAR 1.05bn | ZAR 370.0m | ZAR 185.0m | ZAR 487.0m | ZAR 243.0m |
| Capital spending | −ZAR 143.0m | −ZAR 125.0m | −ZAR 109.0m | −ZAR 158.0m | −ZAR 112.0m | −ZAR 56.0m | −ZAR 108.0m | −ZAR 54.0m |
| Free cash flow | ZAR 231.0m | ZAR 737.0m | ZAR 670.0m | ZAR 893.0m | ZAR 258.0m | ZAR 129.0m | ZAR 379.0m | ZAR 189.0m |
| Total assets | ZAR 16.83bn | ZAR 15.28bn | ZAR 16.08bn | ZAR 14.66bn | ZAR 15.36bn | ZAR 15.36bn | ZAR 14.21bn | ZAR 14.21bn |
| Cash and short-term investments | ZAR 4.47bn | ZAR 4.52bn | ZAR 4.31bn | ZAR 4.02bn | ZAR 3.66bn | ZAR 3.66bn | ZAR 3.82bn | ZAR 3.82bn |
| Debt | ZAR 256.1m | — | ZAR 497.1m | — | ZAR 390.1m | ZAR 34.5m | ZAR 37.6m | — |
| Shareholders' equity | ZAR 6.04bn | ZAR 5.58bn | ZAR 5.33bn | ZAR 4.77bn | ZAR 4.53bn | ZAR 4.53bn | ZAR 4.26bn | ZAR 4.26bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.0% | 7.8% | -0.8% |
| Operating income | 8.0% | 9.0% | 3.0% |
| Net income | 15.3% | 30.8% | 5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.1% | 9.0% | 9.0% | 6.8% |
| Operating margin | 4.8% | 4.7% | 4.7% | 2.9% |
| Net margin | 4.3% | 3.9% | 1.6% | 1.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.7 | 7.0 | 12.9 | 8.7 | -2.2 | 19.1 | -9.7 | 14.7 | 8.6 | 11.4 |
| Price to sales | 0.3 | 0.3 | 0.5 | 0.3 | 0.3 | 0.3 | 0.1 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 22 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.20 | 5.30 | 2.30 | 2.05 | 1.90 | 3.25 | 4.75 | 4.63 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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