Diluted HEPS 239.8cps (-1.2% y-y), FY24 restated to 242.7cps (FY24 restated due to the sale of SG Fleet). Special dividend of R16.30 per ordinary share (R5.54bn). No ordinary dividend (FY24: 60cps).
Turnover decreased by 1.4% y-y to R44.5bn, FY24 restated to R45.1bn, impacted by poor results in the UK Dealerships and the Supply Chain Africa Commodity businesses.
Expenses decreased by 1.1% y-y with expense-to-sales increasing from 94.2% to 95.8%.
OPM decreased by 160bps to 4.2%.
Cash generated from operating activities improved from -R978m to R1 964m. Gross debt reduced from R12.1bn to R7.4bn, finance costs reduced by 4.7% y-y.
In the UK, new car sales volumes declined by 7.9% y-y and used car sales volumes increased by 10.3% y-y. SPG exited its Suzuki dealerships and reclassified its Kia and Hyundai dealerships as held for sale during 2H25. The expanded representation of Omoda and Jaecoo brands has been implemented across Ford sites.
