Diluted HEPS of 916cps (1H24: 771cps).
Turnover decreased by 2.4% y-y to R3 886m.
GPM increased by 80bps to 37.8%.
OPM increased by 130bps to 11.5%.
Total expenses decreased by 4.1% y-y to R1 029m, while expense-to-sales decreased from 26.9% to 26.5%.
Dividend of 350cps (1H24: 325cps).
Cash generated from operating activities decreased from R461m to R299m.
Gross debt down 13.0% y-y to R1 000m, with net cash decreasing to R43m.
Hudaco’s potential depends heavily on the country’s broader economic landscape for business growth. The company continues to face headwinds such as policy and governance challenges.
