Diluted HEPS of 369cps (-5.5% y-y) with DPS higher at 160cps (1H24: 150cps).
Group turnover growth down 2.0% y-y, with TFG Africa -0.1% y-y, TFG London -8.2% y-y (in GBP) and TFG Australia -2.4% y-y (in AUD).
GPM up 220bps to 49.5% (1H24: 47.3%).
Expenses growth of 5.7% y-y with the expense-to-sales ratio rising from 44.6% to 47.8%.
OPM dropped from 10.0% in 1H24 to 9.8% in 1H25.
Gross debt reduced from R10.6bn in 1H24 to R10.1bn in 1H25.
Cash dropped from R2.9bn in 1H24 to R2.5bn in 1H25. Net debt dropped 2.3% y-y.
TFG London acquired retailer White Stuff for GBP 51.7m.
TFG Africa sales for the first 5 weeks of 2H25 +8.3% y-y, TFG London +0.3% y-y, TFG Australia -0.1% y-y.
