Diluted HEPS 10.2cps (USD) compared to 6.2cps LY.
Revenue decreased by 5.5% y-y to $2 612m. Revenue includes $2.1m in revenue from acquisitions.
GPM increased by 150bps to 16.6%.
OPM improved from 1.8% to 2.8%.
Expenses decreased by 1.9% y-y to $361m, while expenses-to-sales rose by 50bps to 13.8%.
Dividend of 4 USD cents (75 ZAR cents).
Gross debt increased by 2.4% y-y to $437m.
Cash from operating activities increased from -$18m to $61m.
Although revenue from each segment declined in 1H25, profitability improved across each division. Logicalis International had a strong result, improving OPM from 1.7% to 4.4% and Logicalis Latin America increased OPM from 0.6% to 1.8%.
