Diluted HEPS from cont. ops of 224cps (1H24: 283cps (restated)).
Revenue from cont. ops decreased by 4.6% y-y to R6 218m, driven by a decrease in AE’s revenue due to the deferment of the fuze contract to 2H25.
OPM from cont. ops decreased by 130bps to 9.4%.
Total expenses from cont. ops decreased by 3.2% y-y to R5 633m, while expense-to-sales increased from 89.3% to 90.6%.
Dividend of 90.0cps (1H24:90.0cps).
Cash generated from operating activities decreased from R503m to R261m.
Gross debt down 23.1% y-y to R998m, with net cash decreasing to R1 079m.
RLO decided to dispose of Blue Nova in the reporting period and the asset has thus been classified as an asset held for sale.
