Diluted HEPS from continuing ops of 22.6cps (1H25: 16.8cps).
Revenue decreased by 3.1% y-y to R14 872m, mainly due to the negative impact of the cyclical low in the global polymers sector on Safripol.
GPM increased from 17.9% to 21.1%.
OPM increased by 90bps to 8.2%.
Total expenses increased by 17.4% y-y to R1 919m, while expense-to-sales increased from 10.6% to 12.9%.
No dividend (1H25: nil).
Cash generated from operating activities improved from -R48m to R299m.
Gross debt down 10.1% y-y to R9 035m, with net cash decreasing to R905m.
The group’s performance improved due to increased panel production and sales volumes, including full utilisation of the new MDF line and higher domestic new vehicle assembly volumes, which supported
