Diluted headline loss per share of -258cps (FY24: -715cps) impacted by gain on disposal of NMSIS of R3.4bn. Diluted adjusted core headline loss per share of -186cps (FY24: 301cps).
Turnover decreased by 9.1% y-y to R49 980m, mainly due to an 11% y-y decline in subscription revenues (-1% organic) caused by foreign currency and subscriber volume headwinds.
GPM decreased by 520bps to 41.6%.
OPM decreased by 360bps 9.3%.
Total expenses decreased by 6.4% y-y to R17 193m, while expense-to-sales increased from 33.4% to 34.4%.
No Dividend (FY24: nil).
Cash generated from operating activities decreased from R 3 223m to R2 093m.
Gross debt down 7.8% y-y to R11 104m, with net cash decreasing to R5 051m.
Post the group’s year-end the KingMakers board declared a USD11m dividend of which MCG will receive its USD5.6m proportionate share in due course.
