Braits revenue rose 7 to 1.1 billion, with a profit turnaround driven by stronger Virgin Active and Premier performance and robust cost and capital management.
The group cut 77.2 million in debt through recapitalization, including a 84.06 million rights offer, boosting its NAV per share by 6 to R3.06 0.171.
Assets climbed 21 to 829.29 million, while retained losses narrowed 10.3, reinforcing operational resilience and improving financial health.
Brait SE, the South African investment holding firm linked to billionaire Christo Wiese, has delivered a notable turnaround in fiscal 2025, posting a single-digit revenue growth and reversing a prior-year loss, aided by the completion of a major recapitalization and robust operating results from key portfolio companies.
For the year ended March 31, 2025 , the private equity firm, Brait, reported a 7 percent increase in revenue of R19.89 billion 1.10 billion, up from R18.59 billion 1.04 million a year earlier. The company reversed a R171 million 9.58 million loss into a R153 million 8.58 million profit, underscoring strong execution of its shareholder value strategy.
NAV per share climbs after recap effortBraits Net Asset Value NAV per share rose 6 percent year on year to R3.06 0.171 on a like-for-like basis, reflecting the benefits of its August 2024 recapitalization. The restructuring included a fully underwritten R1.5 billion 84.06 million rights offer, debt refinancing, and bond repurchases.
The firm retired R1.38 billion 77.22 million in debt through these actions.
Available cash and undrawn facilities stood at R1.1 billion 61.65 million at the reporting date, reducing to R838 million 46.96 million subsequent to the balance sheet date following the repurchase of 10 million 13.55 million in convertible bonds.