Diluted HEPS of 95.5cps (1H24: 85.1cps).
Revenue decreased by 1.6% y-y to R3 631m.
OPM increased 260bps to 9.6%.
Total expenses decreased by 4.2% y-y to R3 321m, while expense-to-sales decreased from 94.0% to 91.5%.
No dividend. (1H24: Nil)
Cash generated from operating activities increased from R119m to R162m.
No gross debt, with net cash increasing from R1 810m to R2 356m.
The improvement in profitability can be attributed to optimal sourcing of raw materials, improved efficiencies in operations especially where investment in equipment has been made, and a focus on containing operating costs.
The dividends from CAT’s investment in Mpact was down by R7.5m, contributing to the decrease in dividend income from R55.7m to R44.1m.
