Diluted HEPS of 529.8cps (1H25: 423.9cps).
Revenue increased by 6.4% y-y to R10 318m. The Millbake division, which contributes 83% of revenue, was the main driver of growth with an increase in revenue of 6.0% y-y. The Groceries and International division grew revenue by 8.1% y-y.
Gross profit margin up by 70bps to 35.7%.
Operating margin up by 100bps to 10.7%.
Operating expenses increased by 5.5% y-y with operating expense to revenue of 25.2% (1H25: 25.4%).
Dividend of 159.0cps (1H25: nil).
Cashflow from operations increased by 67.8% y-y to R903m.
Gross debt decreased from R2 832m to R2 336m, while net cash increased from R290m to R388m. Net debt to EBITDA decreased from 1.10x to 0.74x.
