Diluted HEPS of 520.0 cps (+11.8% y-y).
Revenue growth of 3.2% y-y to R8.3bn.
GPM up 60bps to 42.8%.
Operating expenses grew 3.4% y-y to R2.7bn, while expense-to-sales was flat at 32.4%.
Operating profit margin up 90bps to 11.0%.
Dividend of 345.0cps (FY24: 302.0cps).
Leading Brands portfolio performed strongly, but the Signature Brands portfolio came under pressure due to lower consumer demand for dining out and restaurant closures.
Manufacturing revenue (+2.5% y-y) was impacted by weaker demand, including lower volumes for core products. Logistics revenue (+4.1% y-y) was impacted by a shift in the product mix towards lower-value case categories, despite case volumes increasing.
In March 2024, FBR acquired the remaining 38% shareholding in Famous Brands Coffee Company (Pty) Ltd.
