Diluted HEPS of 45.9cps (1H24: 45.6cps).
Revenue from continuing ops down by 4.4% y-y to R7 245m.
EBITDA margin from continuing ops down by 20bps to 9.0%.
The decline in EBITDA and the modest growth in headline earnings were primarily driven by a reduction in the Comm Equipment Company (CEC) subscriber base, a lower average revenue per user and increased finance costs associated with the sale of a portion of the CEC handset receivable book.
Operating margin from continuing ops down by 50bps to 7.7%.
Operating expenses decreased by 3.8% with operating expense to revenue from continuing ops of 92.7% (1H24: 92.1%).
No interim dividend (1H24: nil).
Cashflow from operations improved by 26.9% y-y to -R129m.
Gross debt increased from R4.1bn to R4.4bn, while net cash decreased from R1.1bn to R0.9bn. Net debt to EBITDA increased from 2.11 to 2.70.
