Diluted HEPS from continuing operations of 121.3cps (FY23: 92.1cps – restated).
Revenue growth of 6.8% y-y from R24.3bn to R26bn, mainly due to higher sales pricing necessitated in response to sustained high input costs.
EBITDA margin increased by 190bps from 6.9% to 8.8%.
Total expenses well-managed, increased by 4.5% y-y while expense-to-sales decreased by 210bps from 95.8% to 93.7%.
OPM increased by 210bps from 4.2% to 6.3%.
Dividend of 35.0cps (FY23: nil).
Cash flow generated from operating activities (excluding dividend) increased 74.0% y-y from R902m to R1 570m.
Positive result in the Sugar segment driven by strong operational performance and higher sales prices.
Rainbow unbundled and separately listed effective 1 July 2024, classified as discontinued in this set of results.
