Diluted HEPS from continuing ops of 322.9cps (FY23: 459.1cps).
Turnover from continuing ops increased by 3.6% y-y to R13 291m.
OPM from continuing ops decreased by 170bps to 7.0%.
Total expenses from continuing ops increased by 5.6% y-y to R12 365m, while expense-to-sales from continuing ops increased from 91.3% to 93.0%.
Dividend of 105cps (LY: 120cps).
Cash generated from operating activities decreased from R1 794m to R1 793m.
Gross debt down to R3 076m (LY: R3 323m), with net cash increasing to R976m (LY: R882m).
Volumes in the Paper business increased mostly due to improved containerboard export demand in the latter part of 2024, however the benefit of increased volumes was offset by lower average selling prices than in the prior year.
Revenue in Plastics increased due to an improved product mix from higher sales in all operations other than FMCG Wadeville, which declined following the expiry of two supply contracts in June.
