Diluted HEPS from continuing ops of 145.3cps (1H24: 152.2cps).
Revenue was restated for the IFRS 15 prior period error.
Revenue from continuing ops up by 1.9% y-y to R21 382m, driven by mobile service revenue and fibre data service revenue which are up 10.0% y-y and 15.5% y-y respectively.
Swiftnet continues to meet the IFRS 5 requirements and is classified as held for sale and is therefore excluded from the results from continuing operations.
EBITDA margin from continuing ops stable at 22.6%.
Operating margin from continuing ops up by 10bps to 9.1%.
Operating expense to revenue from continuing ops of 93.8% (1H24: 93.2%).
No interim dividend (1H24: nil).
Cashflow from operations increased by 50.9% y-y to R5 267m.
Gyro segment progressed on the disposal of the masts and tower business. Received proceeds of R204m from the disposal of non-core properties.
