Diluted HEPS up 48.2% y-y to 280.3cps (1H24: 189.1cps).
Revenue increased by 29.7% y-y to R10 955m, driven by strong growth in the sale of chrome ore and a solid performance from the Roads and Earthworks (+31.2% y-y) and Infrastructure segments (+26.9% y-y).
GPM decreased by 50bps to 12.5%.
OPM increased from 7.4% to 7.7%.
Expenses increased by 12.0% y-y to R531m. Expense-to-sales declined by 70bps to 4.9%.
Dividend of 94cps.
Operating cashflow increased by 161% y-y to R1 281m.
Gross debt increased by 20.6% y-y to R1.9bn.
Order book increased by 20.8% y-y to R24.5bn. Strong order book growth from Roads and Earthworks (+23.0% y-y) and Infrastructure (+27.7% y-y).
