Turning ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process, while understanding that people create wealth, companies only report it
Mark Steyn
Chief Financial Officer
Trading profit
R13.2bn
+8%
Normalised
HEPS
1 997.7 cents
+6%
Final dividend of
483 cents
+7%
Cash generated
by operations
R17.2bn
+17%
ROFE
38.6%
| R billion | Year ended 30 June 2026 | Year ended 30 June 2025 | Change |
|---|---|---|---|
| Revenue | 130.3 | 126.6 | 2.9% |
| Gross profit* | 28.3% | 27.7% | ↑ |
| Expenses* | 18.7% | 18.5% | ↑ |
| Trading profit | 13.1 | 12.0 | 8.4% |
| Trading profit margin* | 10.0% | 9.5% | ↑ |
| HEPS (cents) | 1 864.2 | 1 759.5 | 6.0% |
| Normalised HEPS (cents) | 1 997.7 | 1 886.4 | 5.9% |
| EBITDA interest cover (times) # | 6.1x | 6.1x | - |
| Net debt/EBITDA (times) | 1.9x | 2.2x | ↓ |
| Cash generated by operations after working capital | 17.2 | 14.7 | 16.9% |
| Cash conversion** | 109.0% | 95.3% | ↑ |
| ROFE | 38.6% | 36.9% | ↑ |
| ROIC | 13.4% | 14.0% | ↓ |
| * | As % of revenue |
| ** | As % of trading profit |
| # | IFRS16 adjusted |
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