Diluted HEPS increased by 12.5% y-y to 441.4cps (1H25: 392.5cps). Recurring HEPS improved to 453.3cps (1H25: 393.7cps).
Turnover increased by 5.0% y-y to R11.4bn, with improvements in revenue from Agrimark (6.3% y-y), PEG (4.0% y-y), and Agrimark Grain (9.5% y-y).
Gross profit margin up by 60bps to 16.0%.
Operating expenses increased by 8.3% y-y with expense-to-sales up 40bps to 11.8% (1H25: 11.4%).
Operating margin up by 60bps to 5.7%.
Dividend of 70.0cps (1H25: 56.0cps).
Cashflow from operations decreased to R3.3m (1H25: R68.2m).
Gross debt was reduced to zero, while overdraft improved from -R1.5bn to -R1.3bn.
Capex increased to R112.8m (1H25: R76.4m).
Increased fuel volumes (+6.7% y-y) driven by increased demand, market share growth, and lower average fuel prices, which stimulated group revenue growth.