Diluted HEPS from continuing ops of 92.9cps (1H24: 128.1cps).
Revenue from continuing ops increased by 3.2% y-y to R6 370m, primarily driven by increased containerboard sales volumes in the Paper business.
OPM from continuing ops decreased by 190bps to 4.9%.
Total expenses from continuing ops increased by 5.3% y-y to R6 055m, while expense-to-sales from continuing ops increased from 93.2% to 95.1%.
Dividend of 30cps (LY: 30cps).
Cash generated from operating activities decreased from R431m to R119m.
Gross debt down to R3 415m (LY: R3 480m), with net cash increasing to R702m (LY: R544m).
The R1.3 billion upgrade project at the Mkhondo mill has reached a significant milestone, with construction and commissioning of the sodium lignosulphonate (SLS) plant complete, and the pulp mill upgrade in its final stage of construction.
