Diluted HEPS of 637.0cps (1H24: -256.0cps).
Revenue increased by 20.3% y-y to R109 261m, with pleasing contributions from both data (up 34.3% y-y) and fintech (up 24.9% y-y).
Net expenses decreased by 12.0% y-y, while net expense-to-sales decreased from 110.0% to 80.5%.
PBT margin increased from -10.0% to 19.5%.
CODM EBITDA margin increased to 41.9% (1H24: 36.8%). This outcome was underpinned by robust topline growth and continued progress in the expense efficiency programme (EEP).
No interim dividends (1H24: nil).
Cash generated from operating activities up 117.2% y-y to R34 666m.
Gross debt stable at R73.5bn, while net cash increased from R16.2bn to R27.9bn. Net debt to EBITDA decreased from 0.86x to 0.50x.
Subscriber base increased 4.7% y-y to 297.7m, with active data subscribers up 10.3% y-y to 164.4m. Data traffic increased by 29.1% y-y.
