Diluted HEPS of 235.0 cps (+7.8% y-y).
Revenue growth of 5.6% y-y to R4.2bn.
GPM up 40bps to 42.7%.
Operating expenses grew 7.4% y-y to R1.4bn, while expense-to-sales rose 60bps to 34.0%.
Operating profit margin up 10bps to 9.3%.
Dividend of 162.0cps (1H25: 150.0cps).
Leading Brands restaurant sales were boosted by an uptick in local tourism and increased traffic resulting from return-to-office mandates. QSR brands performed strongly due to competitive value offerings, successful promotions and cost management.
Softer results from Signature Brands’ were caused by lower consumer demand for premium dining out.
Strong Manufacturing revenue (+10.4% y-y) was mainly driven by price inflation and a positive shift in product mix. Logistics revenue (+7.4% y-y) benefited from case volume growth and strong price inflation. Logistics is expected to benefit from cost savings realised from the opening of the cold storage facility in June 2025.
