Diluted HEPS 221.8cps (FY24: 91.4cps), FY24 impacted by fair value loss on call option derivatives (R426.5m). Core HEPS 224.6cps (FY24: 217.4cps), impacted by the new share issues in terms of the pre-listing capital raise.
Turnover increased by 13.1% y-y to R26 377m, resulting from higher volumes and higher average selling prices.
Expenses increased by 13.6% y-y while expense-to-sales increased from 95.1% to 95.6%.
OPM declined marginally from 5.2% to 5.1%.
Dividend of 30cps (FY24: 25cps)
Cash generated from operating activities increased by 14.5% y-y to R677m.
Buying volumes up 7.7% y-y to 180 576 units and selling volumes up 8.4% y-y to 179 006 units.
Elevated capex-to-sales of 2.4% (FY24: 0.3%) due to the opening of two new supermarkets in Rustenberg (300 parking bays) and Vereeniging (500 parking bays), as well as the relocation of the facility in Pietermaritzburg and upgrades to the George, Polokwane, Mbombela, the Dome, Johannesburg South, Riverhorse Valley, Gqeberha and Germiston.
