Diluted HEPS of 1 013.0cps (1H24: 984.3cps).
Revenue from continuing ops increased by 5.7% y-y to R64 545m.
GPM from continuing ops decreased by 70bps to 27.6%.
OPM from continuing ops decreased by 60bps to 9.7%
Total expenses from continuing ops increased by 5.1% y-y to R11 644m, while expense-to-sales decreased from 18.1% to 18.0%.
Dividend of 470.0cps (LY: 467.0cps)
Cash generated from operating activities increased from R1 515m to R 2 409m.
Gross debt up 8.7% y-y to R35 899, with net cash decreasing to R2 180m.
Post the strategic decision to exit the Group’s banking operations, Bidvest Bank, FinGlobal and Bidvest Life have been classified as Discontinued Operations in the Group financial statements.
Bolt-on acquisitions concluded during the last six months included: Dekra; WearCheck; Serco; Spec Systems; Nexgen; and Countrywide.
