Diluted HEPS 941.6cps (-22.7% y-y). On a comparable 52-week basis, diluted HEPS 749 (-39% y-y).
Revenue up 5.1% y-y to R11.2bn. On a comparable 52-week basis, revenue up 3% y-y to R11.0bn.
GPM down 70bps to 24.7%.
Expense growth of 3.8% y-y, while expense-to-sales ratio down 20bps to 23.2%.
OPM down from 2.2% to 1.7%.
Dividend of 561.0cps (FY23: 732.0cps).
Net cash fell to R999m (FY23: R1 582m). This was mainly due to the June 2024 suppliers’ payments being processed within the reporting period, in contrast to the prior year where the supplier payments were processed subsequent to the reporting period end.
The opening of new Cashbuild Small Model Store (SMS) initiative remains on track and CSB plans to open 10 new SMS during the FY25.
Selling price inflation was 1.7% in FY24.
