Diluted HEPS increased by 13.6% y-y to 25cps.
Revenue increased by 6.2% y-y to R5 382m, driven by 23.5% y-y topline growth in Zimbabwe.
GPM increased by 150bps to 20.5%.
OPM rose from 9.9% to 12.8%.
Expenses decreased by 5.5% y-y, expense-to-sales ratio fell by 100bps to 8.0%.
No dividend.
Gross debt remained flat at R500m while net cash improved from R296m to R810m.
Cash from operating activities decreased by 15.2% y-y to R581m.
The current period results were impacted by unrealised foreign exchange losses relating to the outstanding foreign exchange contracts (FECs) entered into by the group for purposes of hedging the US dollar exposure associated with building the new cement plant in the Western Cape (RK3). Realised foreign exchange losses on the FECs were R34m in 1H26.
