Diluted HEPS of 1 322.0cps (1H25: 1 217.7cps).
Revenue increased by 7.1% y-y to R126 289m (+5.9% in constant currency).
Gross profit margin down by 10bps to 24.0%.
Operating margin up by 30bps to 5.2%.
Operating expenses increased by 6.2% y-y, with operating expense to revenue of 18.6% (1H25: 18.8%).
Dividend of 615.0cps (1H25: 560.0cps).
Cashflow from operations increased by 37.9% y-y to R4 591m.
Gross debt increased from R15.8bn to R16.8bn, while net cash increased from R7.6bn to R9.0bn. Net debt to EBITDA decreased from 0.54x to 0.46x.
BID benefited from continued momentum in several European businesses, resilient performances in Australasia, and strong contributions from certain Emerging Markets’ operations and the UK business.
Trading results in January were in line with management’s expectations. February sales to date have been tracking higher than the H1 constant currency run rate.
