Diluted HEPS increased to 652.8cps (+8.1% y-y).
Turnover growth of 7.4% y-y to R24.9bn, driven by Retail (+5.4% y-y) and Distribution (+13.0% y-y).
Group GPM declined by 60bps to 23.4%.
Expenses grew 6.2% y-y, with expense-to-sales contracting by 20bps to 21.7%.
OPM% maintained at 9.1%.
Dividend of 258.0cps (1H25: 238.0cps).
Retail turnover was impacted by delays in implementation of the warehouse management system at Clicks DC in Cape Town. The delay reduced turnover by c. R175m (c. 0.9% of retail sales).
Distribution turnover was driven by 31.1% y-y increase in revenue from preferred supplier bulk contracts.
UPD acquired a medical consumables business, will be launching this offering to customers.
Clicks plans to open 40 – 50 new stores and 40 – 50 pharmacies for the 2026 financial year. Ten concept stores will be piloted in 2H26.
CLS forecasts group diluted HEPS for FY26 will increase by between 4.0% y-y and 9.0% y-y relative to FY25.
