Diluted HEPS of 155.1cps (FY24: 141.7cps).
Revenue from continuing ops increased by 1.8% y-y to R26 494m.
Operating expenses from continuing ops increased by 0.8% y-y, while expense-to-sales decreased from 93.7% to 92.8%.
OPM from continuing ops increased by 90bps to 7.2%, largely due to a strong turnaround in Baking and a pleasing Groceries result.
Dividend of 40.0cps (FY24: 35.0cps).
Cashflow from operations increased 9.9% y-y to R2 767m.
Gross debt decreased from R1 712m to R1 576m, while net cash increased from R1 093m to R1 640m. Net debt to EBITDA decreased from 0.27x to -0.03x.
Discontinued operations results in the current period relates to the non-cash gain of R198.5m realised on accounting for the unbundling of Rainbow, as well as a R7.3m downward adjustment to the Vector Logistics profit on disposal.
