Diluted HEPS 58.9cps (+20.4% y-y). Adjusted Diluted HEPS increased to 58.6cps (+19.6% y-y).
Revenue increased 5.3% y-y to R12.7bn.
Group GPM up 40bps to 49.9%.
Expenses increased by 4.4% y-y, with expenses-to-sales decreasing by 40bps to 38.8%.
OPM expanded by 70bps to 13.1%.
Dividend of 36.0cps (1H24: 30.0cps).
Total occupancies for 1H25 were 63.7% (1H24: 62.8%). Activity at NTC facilities decelerated at the beginning of 2H25 due to Easter and school holidays. Acute occupancy to date is currently trending at 64.0%. Similarly, Akeso occupancy is currently trending at 68.9%.
Total PPD increased by 1.1% y-y, driven by a 1.4% y-y increase in acute PPD, while mental health PPD declined by 1.3% y-y in line with expectations.
Total surgical cases comprised 51.4% of PPD (1H24: 51.7%) and medical cases 48.6% (1H24: 48.3%). Notwithstanding this trend,
surgical cases still contribute more than 70% of revenue.
