Diluted HEPS up 20.7% y-y to 471.6cps (FY23: 390.6cps).
Revenue increased by 13.8% y-y to R17 425m, driven by strong growth in the sale of chrome ore and a solid performance from Construction Materials.
GPM improved by 40bps to 14.2%.
OPM increased from 8.3% to 8.8%.
Expenses increased by 14.0% y-y to R966m. Expense to sales remained flat at 5.5%.
Dividend of 155cps.
Operating cashflow fell by 6.9% y-y to R1 481m.
Gross debt increased by 41.3% y-y to R1.7bn.
Order book increased by 27.5% y-y to R25.6bn. Strong order book growth from Materials Handling & Mining (+38.2% y-y) and Roads and Earthworks (+30.2% y-y).
The Australia order book fell from R1.68bn at 1H24 to R1.58bn at FY24, with the RoA order book down marginally to R3.5bn over the same period. Strong order book growth from Construction Materials increasing from R1bn in FY23 to R1.7bn in FY24.
