Strong Headline Earnings Growth
Headline earnings increased by 38.6%, from ZAR 5.6 billion to ZAR 7.8 billion, with headline earnings per share increasing by 38.4%.
Dividend Increases
Final ordinary dividend declared is up by 34.8%, with a special dividend of ZAR 2 per share announced from the proceeds of the sale of BAT shares.
OUTsurance and Mediclinic Performance
OUTsurance delivered a standout performance with a 29% increase in contribution to headline earnings. Mediclinic showed strong volume growth across all divisions, with revenue up 5% to $4.8 billion.
Capital Allocation and Debt Reduction
The company sold 31 million FirstRand shares for ZAR 2.5 billion, using proceeds to settle outstanding debt, fully repaying debt in the current year.
Heineken Beverages Turnaround
Heineken Beverages returned to profitability with a significant positive swing of ZAR 406 million, improving operational efficiencies and profitability.
CIVH-Vodacom Transaction Progress
Significant progress in the CIVH-Vodacom transaction, which is expected to unlock further shareholder value and support South Africa's digital future.