Diluted HEPS of 65.2cps (FY24: 20.3cps).
Revenue increased by 9.0% y-y to R15 838m, resulting from an optimised sales channel strategy, enhanced product mix management, and higher volumes.
Operating margin up by 210bps to 4.4%.
Operating expenses increased by 6.7% y-y with operating expense to revenue of 95.6% (FY24: 97.7%).
Dividend of 20.0cps (FY24: nil).
Cashflow from operations increased by 63.6% y-y to R1 910m.
Gross debt (incl. leases) decreased from R360m to R283m, while net cash increased from R13m to R1 806m. Net debt to EBITDA decreased from 0.54 to -1.44.
The group’s turnaround strategy has progressed far, underpinned by enhanced feed quality, refined agricultural performance and disciplined cost management. These efforts, combined with lower commodity input costs and a reduction in expenses related to loadshedding and Avian Influenza, have significantly contributed to improved profitability.
Additionally, the group’s enhanced profitability, was also supported by lower finance costs resulting from recapitalisation prior to unbundling.
