Diluted HEPS up 7.0% y-y to 153.0cps (FY25: 142.0cps).
Net turnover decreased by 0.2% y-y to R11 134m. Net gaming win revenue decreased by 1.2% y-y to R9 132m. Food and beverage revenue increased by 1.5% y-y to R685m. Rooms revenue increased by 12.3% y-y to R602m.
Expenses decreased by 0.5% y-y while expenses-to-sales declined by 20bps to 78.0%.
OPM increased by 20bps to 22.0%.
Dividend of 45.0cps (FY25: 60.0cps).
Cash generated from operating activities up 4.8% y-y to R2 288m.
Gross debt declined from R7 458m to R6 749m, resulting in a reduction in net finance costs (down 20.8% y-y to R603m).
Gauteng delivered a solid performance, and the Western Cape was stable (apart from Caledon, where revenue and adjusted EBITDA declined by double digits), but the KwaZulu-Natal performance came under pressure.
KZN, Limpopo, Mpumalanga and North West are awaiting approval from the National Gambling Board for the second phase of LPM roll-outs.
