AVI Ltd (AVI) FY24 – Results Snapshot

Diluted HEPS of 680cps (+23.2% y-y).
Revenue growth of 6.3% y-y to R15 862m.
GPM increased by 270bps from 39.0% to 41.7%.
OPM up by 260bps from 18.2% to 20.8%.
Dividend of 590cps (FY23: 482cps), with special dividend of 280cps.
Cash flow generated from operating activities increased 22.2% y-y from R2 183m to R2 669m.
Direct cost of load-shedding of R33.2 million.
Price increases in all categories to offset cost increase pressures.
Strong performance from Food and Beverage brands, with revenue growth of 9.0% y-y, and OPM expansion across Entyce Beverages, Snackworks and I&J.