Diluted HEPS of 197.0cps (FY24: 218.7cps).
Revenue increased by 1.6% y-y to R8 138m.
Revenue in the international segment continued to be impacted by global oversupply of deciduous fruit products. This has been compounded by the uncertainty on trade tariffs.
Gross profit margin down by 90bps to 25.0%.
Operating margin down by 230bps to 8.3%, with an impairment loss of R104 million in the meat products operation.
Operating expenses increased by 7.8% y-y with operating expense to revenue of 16.9% (FY24: 16.0%).
Dividend of 99.6cps (FY24: 111.1cps).
Cashflow from operations decreased by 17.3% y-y to R655m.
Gross debt decreased from R261m to R62m, while net cash declined from -R79m to -R417m. Net debt to EBITDA increased from 0.29x to 0.47x.
Owing mainly to the weaker performance of the international segment and the impairment loss in the regional segment, the Group did not achieve its medium-term targets.
RFG has entered into a transaction implementation agreement with Premier to acquire all the issued shares in RFG in a share swap transaction which could result in the group delisting.