Z 
109.00
0.00%
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.
Net income
−ZAR 421.0m
FY2017FY2026
Total assets
ZAR 2.39bn
FY2017FY2026
Shareholders' equity
ZAR 2.32bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | — | — | — | — | ZAR 17.0m | ZAR 28.0m | ZAR 24.0m | ZAR 13.0m |
| Operating income | −ZAR 23.0m | −ZAR 159.0m | −ZAR 34.0m | −ZAR 38.0m | −ZAR 40.0m | −ZAR 27.0m | −ZAR 209.0m | ZAR 32.0m | ZAR 187.6m | −ZAR 484.2m |
| Net income | −ZAR 421.0m | −ZAR 154.0m | ZAR 12.0m | −ZAR 187.0m | ZAR 801.0m | ZAR 2.48bn | ZAR 561.0m | ZAR 89.0m | ZAR 254.0m | −ZAR 796.0m |
| Diluted earnings per share | -0.27 | -0.10 | 0.01 | -0.12 | 0.52 | 1,600.18 | 357.10 | 0.01 | 149.23 | -464.52 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ZAR 2.39bn | ZAR 2.78bn | ZAR 3.88bn | ZAR 4.10bn | ZAR 7.28bn | ZAR 6.75bn | ZAR 14.15bn | ZAR 12.79bn | ZAR 13.41bn | ZAR 13.17bn |
| Cash and short-term investments | ZAR 231.0m | ZAR 160.0m | ZAR 694.0m | ZAR 445.0m | ZAR 508.0m | ZAR 876.0m | ZAR 411.0m | ZAR 433.0m | ZAR 325.9m | ZAR 422.3m |
| Total liabilities | ZAR 73.0m | ZAR 55.0m | ZAR 53.0m | ZAR 92.0m | ZAR 111.0m | ZAR 84.0m | ZAR 5.83bn | ZAR 4.38bn | ZAR 4.81bn | ZAR 4.47bn |
| Debt | — | — | — | — | — | — | ZAR 4.15bn | ZAR 3.07bn | ZAR 3.37bn | ZAR 2.97bn |
| Shareholders' equity | ZAR 2.32bn | ZAR 2.73bn | ZAR 3.82bn | ZAR 4.01bn | ZAR 7.17bn | ZAR 6.66bn | ZAR 7.97bn | ZAR 8.10bn | ZAR 8.27bn | ZAR 8.29bn |
| Shares outstanding | 1,540m | 1,548m | 1,551m | 1,552m | 1,552m | 2m | 2m | 9,439m | 2m | 2m |
Latest quarters
By quarter end
| Aug 2026 | Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Nov 2023 | Aug 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −ZAR 1.0m | ZAR 124.0m | −ZAR 147.0m | −ZAR 89.0m | −ZAR 70.0m | −ZAR 36.0m | −ZAR 36.0m | ZAR 63.0m |
| Net income | −ZAR 43.0m | −ZAR 267.0m | −ZAR 154.0m | −ZAR 91.0m | −ZAR 63.0m | −ZAR 44.0m | −ZAR 44.0m | ZAR 56.0m |
| Diluted earnings per share | -0.03 | -0.17 | -0.10 | -0.06 | -0.04 | -0.03 | -0.03 | 0.04 |
| Total assets | — | ZAR 2.39bn | ZAR 2.63bn | ZAR 2.78bn | ZAR 3.35bn | ZAR 3.88bn | ZAR 3.88bn | ZAR 4.08bn |
| Cash and short-term investments | — | ZAR 231.0m | ZAR 199.0m | ZAR 160.0m | ZAR 135.0m | ZAR 694.0m | ZAR 694.0m | ZAR 438.0m |
| Shareholders' equity | — | ZAR 2.32bn | ZAR 2.59bn | ZAR 2.73bn | ZAR 3.31bn | ZAR 3.82bn | ZAR 3.82bn | ZAR 4.03bn |
Financial ratios
Data as of 30 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -253.3% | 31.4% | -485.7% | -1900.0% | -56.0% | -84.6% | — | — | — | — | — | — |
| Net margin | -2806.7% | -302.0% | 171.4% | -9350.0% | 1602.0% | 9519.2% | — | — | — | — | — | — |
| Return on equity | -18.2% | -5.6% | 0.3% | -4.7% | 11.2% | 37.2% | — | — | — | — | — | — |
| Return on assets | -17.6% | -5.5% | 0.3% | -4.6% | 11.0% | 36.7% | — | — | — | — | — | — |
| Revenue growth | -70.6% | 628.6% | 250.0% | -96.0% | 92.3% | -99.7% | — | — | — | — | — | — |
| Earnings growth | 173.4% | -1383.3% | -106.4% | -123.3% | -67.6% | 341.2% | — | — | — | — | — | — |
| Current ratio | 23.54x | 12.04x | 16.14x | 5.12x | 37.21x | 12.90x | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | — | — | 0.44x | 0.38x | 0.41x | 0.35x | 0.29x | 0.26x |
| Equity ratio | 96.9% | 98.0% | 98.6% | 97.8% | 98.5% | 98.8% | — | — | — | — | — | — |
| Interest coverage | — | — | — | -0.28x | -0.78x | -0.45x | -0.56x | -0.68x | -0.15x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.2% | 0.4% | 0.3% | 0.1% | 0.2% | 0.2% |
| Buybacks as a share of market value | 0.5% | 0.2% | 0.0% | -0.0% | -100214.0% | 1.5% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 95.7% | -10.4% | -47.4% |
| Operating income | -15.4% | -3.2% | — |
| Net income | 31.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -275.8% | -338.7% | -212.6% | 0.0% |
| Net margin | -871.2% | -1000.0% | 1672.8% | 7.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.6 | -12.6 | 204.2 | -14.6 | 3.3 | — | 0.0 | 173.4 | 0.0 | -0.0 |
| Price to sales | 101.2 | 37.9 | 350.1 | — | 53.1 | 0.2 | — | 2.0 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2026.
| FY2027 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.41 | 0.55 | 0.109 | 0.20 | 0.023 | 0.11 | 0.11 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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