Diluted HEPS from continuing ops decreased by 39.5% y-y to 3 376cps(1H25: 5 576cps).
Revenue decreased by 1.0% y-y to R5 614m.
Operating margin down by 80bps to 16.0%, primarily due to the performance in Diversified.
Operating expenses decreased by 0.1% y-y with operating expense to sales of 84.0% (1H25: 83.2%).
No Dividend (1H25: nil).
Cashflow from operations increased from R82m to R256m.
The group’s gross debt decreased by 23.6% y-y to R3 004m, while net cash decreased from R712m to R684m.
The relocation of the can manufacturing line from Angola to Beverage SA (“the Springs Line 4 project”) is progressing per plan and within budget. The line will increase capacity and flexibility across pack formats.
The Diversified portfolio strategy reset and implications for supply chain consolidation are well underway. Performance for the remainder of the financial year is expected to be in line with the comparative prior year period.
