Diluted headline loss per share dropped to -715.0cps (FY23: -301cps).
Turnover decreased by -5.9% y-y to R54 999m.
GPM increased by 190bps to 46.8%.
Expenses increased by 16.1% y-y while expense-to-sales increased from 27.5% to 33.9%.
OPM decreased by 450bps to 12.9%, dragged down by Showmax’s continued underperformance with a trading loss of -R2 636m (FY23: -R1 210m).
No dividends declared.
Cash generated from operating activities down 43.9% y-y to R3 223m.
South African 90-day active subscribers decreased by 8.1% y-y to 8.55m subscribers. Rest of Africa 90-day active subscribers increased by 12.8% y-y to 12.38m subscribers.