Diluted HEPS increased by 25.6% y-y to 1 135.5cps (FY25: 904.2cps).
Revenue increased by 6.6% y-y to R21 192m.
Gross profit margin up by 150bps to 36.2%.
Operating expenses increased by 6.8% y-y, with operating expense to revenue stable at 25.2%.
Operating margin up by 150bps to 11.1%. The growth in operating profit reflects the strong execution across the business, with tight cost management and a high demand for Premier’s products.
Dividend of 341.0cps (FY25: 271.0cps).
Cashflow from operations increased by 57.7% y-y to R2 594m.
Gross debt decreased from R2 457m to R2 390m, while net cash decreased from R467m to -R3m. Net debt to EBITDA stable at 0.86x.
The acquisition of RFG Holdings Limited in March 2026 was completed at a value of R6.5bn.
The commissioning of the Aeroton bakery during the second half of the year is expected to meaningfully contribute to economies of scale and introduce further efficiencies into the bread manufacturing and distribution process.
