The company credited disciplined cost control and tighter working capital management for the rebound in profitability. The results marked a significant turnaround from the weak half-year performance to 31 December 2024.
Revenue declined 15 to R7.18-billion, down from R8.45-billion in 2024, amid a weak macro environment and infrastructure constraints.
Despite the revenue erosion, group profit before tax rose to R46.8-million 2024: R40.2-million, with net profit attributable to shareholders climbing to R38.8-million from R21.4-million. Basic earnings per share more than doubled to 71.71c 2024: 37.31c, while headline earnings per share - a measure watched closely by South African investors - increased to 72.73c from 67.13c. Management highlighted reductions in finance costs and improved working capital as key drivers of the earnings rebound.