Diluted HEPS of 35.6cps (1H24: 2.5cps).
Revenue increased by 8.9% y-y to R7 895m, largely attributable to an improved sales channel mix, focus on product mix management and higher volumes.
Operating margin up by 380bps to 5.3%.
Operating expenses increased by 4.8% y-y with operating expense to revenue of 94.7% (1H24: 98.5%).
The financial performance was driven by consistent operational improvements, improved agricultural performance, enhanced efficiencies and a disciplined focus on cost management, together with lower commodity pricing relative to the comparative period.
The reduction in costs related to load shedding and Avian Influenza delivered a combined positive benefit to RBO in the current period.
No dividend (1H24: nil).
Cashflow from operations increased by 49.2% y-y to R755m.
Gross debt decreased from R392m to R209m, while net cash increased from R50m to R971m.
