Diluted HEPS of 717.8cps (+5.6% y-y).
Revenue increased by 1.0% y-y to R16 022m.
GPM up by 100bps to 42.7%.
Net operating expenses decreased by 1.0% y-y, while net operating expense-to-sales decreased from 20.9% to 20.4%.
OPM up by 140bps to 22.2%. This was underpinned by proactive and tactile selling price management, consistent foreign currency and commodity hedging and fastidious cost control, with restructuring initiatives implemented in the year expected to deliver benefits into FY26.
Dividend of 626.0cps (FY24: 590.0cps).
Cashflow generated from operating activities increased 7.0% y-y to R2 857m.
Gross debt increased from R1 229m to R2 006m, while net cash decreased from R353m to R295m. Net debt to EBITDA increased from 0.23 to 0.41.
Fashion retail portfolio impacted by supply chain issues in first semester and closure of Green Cross retail.
I&J fishing performance improved but partly offset by poor abalone demand and constrained selling prices.
