Diluted HEPS 1 427.8cps (+59.4% y-y).
Revenue grew 13.5% y-y to R9.3bn, driven by growth in the Traditional segment (+12.9% y-y), and Speciality (+22.3% y-y).
Merchandise GPM up 30bps to 43.4%, supported by lower shipping rates in 2H25, and a favourable movement in the Rand/Dollar exchange rate.
Total expenses grew 8.5% y-y, with expense-to-sales ratio down from 59.2% to 56.7%.
OPM increased by 400bps to 12.4%.
Dividend of 800.0cps (FY24: 500.0cps).
Net cash declined to -R880m (FY24: -R201m).
The store footprint was increased to 918, with the opening of a net 33 new stores and an additional 16 stores acquired through the purchase of Real Beds.
The strong credit sales growth trend continued, with credit sales increasing by 12.1% y-y and cash sales by 3.4% y-y. Credit sales accounted for 68.0% of total merchandise sales (FY24: 66.2%).
Non-performing credit accounts reduced to 4.1% (FY24: 5.5%).
Debtors’ impairment provision was reduced from 37.5% to 37.2%.
