Diluted HEPS 658cps (+3.0% y-y).
Turnover decreased by 1.7% y-y to R56 175m, driven by reduced contributions from the Retail and Rental segment.
OPM decreased by 10bps to 4.5%, impacted by margin pressure, strong competition and reduced demand across the SA and UK operations.
Expenses decreased by 1.6% y-y with expense-to-sales increasing by 10bps to 95.5%.
Dividend of 240cps (1H24: 235cps).
Cash generated from operating activities improved from -R230m to R186m.
MTH’s diversification strategy resulted in 54% of EBITDA generated from non-vehicle sales (1H24: 51%).
The Group’s passenger and commercial vehicle operations retailed 60 376 new units (1H24: 64 076 new units) and 45 131 pre-owned units (1H24: 43 747 pre-owned units).
