Diluted HEPS from continuing ops of 23.8cps (FY24: 44.6cps).
Revenue from continuing ops increased by 1.9% y-y to R29 615m, supported by increased production capacity.
GPM from continuing ops decreased by 30bps to 17.4%.
OPM from continuing ops decreased by 360bps to 4.0%.
Total expenses from continuing ops increased by 35.4% y-y to R3 978m, while expense-to-sales from continuing ops increased from 10.1% to 13.4%.
No dividend (FY24: nil).
Cash generated from operating activities decreased from R2 178m to R1 779m.
Gross debt up 4.8% y-y to R9 872m, with net cash increasing to R2 090m.
Increased operating costs, amounting to R368m, related to the commissioning and ramp-up of the new MDF line, with utilisation, sales volumes and mix not yet optimal due to the ramp-up process.
