Diluted HEPS from continuing operations of 138.6cps (-0.4% y-y). Earnings were negatively impacted by the impairment of goodwill and intangibles amounting to R2.7bn.
Revenue from continuing operations increased by 7.8% y-y to R85.1bn. This was attributed to strong growth in FinTech (+26.8% y-y). On a comparable 52-week basis, group revenue increased by 9.2% y-y.
GPM up 190bps to 38.3% in FY24.
Total expenses declined by 3.4% y-y, with expense-to-sales ratio down from 35.1% to 31.4%.
OPM increased by 520bps to 8.1%.
Dividend of 48.5cps (FY23: 48.1cps).
Gross debt stable at R11.5bn, with net cash increasing to R4.2bn.
Ongoing revenue earned from mobile network operators increased by 4.1% y-y to R2.0 billion.
Inventory levels increased by 3.2% y-y to R17.5 billion. When excluding The Building Company, inventory increased by 14.3% y-y as a result of growth in cellular and measures taken to mitigate supply chain disruptions.
