Diluted HEPS increased to 603.9cps (+13.2% y-y).
Turnover growth of 6.2% y-y to R23.2bn.
Group GPM improved by 40bps to 24.0%.
Expenses grew 7.5% y-y, with expense-to-sales expanding by 20bps to 21.9%.
OPM% increased by 60bps to 9.1%.
Dividend of 238cps (1H24: 210cps).
Retail turnover increased 6.4% y-y, with comparable store turnover up 5.4% y-y (excluding the extra trading day in the prior period). Excluding Unicorn Pharmaceuticals, which was sold in the previous financial year, retail turnover grew 8.3% y-y.
Distribution turnover recovered well, growing 7.6% y-y in 1H25, attributed to the large-scale systems implementation undertaken across its distribution centres.
Clicks plans to open 45 – 55 stores and 45 – 55 pharmacies for the 2025 financial year and remains committed to its medium-term target of 1 200 stores.
CLS forecasts group diluted HEPS for FY25 will increase by between 11% y-y and 16% y-y relative to FY24.
