Diluted HEPS of 2 278cps (FY24: 1 969cps).
Turnover increased by 4.4% y-y to R8 748m.
GPM decreased by 20bps to 37.5%.
OPM increased by 50bps to 12.5%.
Total expenses increased by 1.3% y-y to R2 183m, while expense-to-sales decreased from 25.7% to 25.0%.
Dividend of 1 120cps (FY24: 1 025cps).
Cash generated from operating activities down 16.0% y-y to R1 120m.
Gross debt down 13.3% y-y to R650m, with net cash decreasing to R142m.
The strengthening of the Rand against the US Dollar could put selling prices under pressure, but may also ease pressure on consumers, which could boost HDC’s consumer-related products businesses.
Acquisitions in the Engineering consumables segment added R400m in turnover and integrated seamlessly into HDC.
