| ZAR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.1 | 26.1 | 35.6 | 37.5 | 33.6 | 32.2 | −4.2% | |
| Cost of revenue | 16.2 | 17.9 | 25.7 | 26.2 | 22.8 | 21.0 | −8.0% | |
| Gross profit | 8.0 | 8.2 | 9.8 | 10.7 | 10.8 | 11.2 | +3.8% | |
| Research & development | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −2.2% | |
| Selling, general & administrative | 7.0 | 6.1 | 7.8 | 8.2 | 9.2 | 9.6 | +4.6% | |
| Selling & marketing | 2.0 | 2.1 | 2.3 | 2.6 | 2.4 | 2.7 | +9.6% | |
| Operating expenses | 7.0 | 6.1 | 7.8 | 8.2 | 9.2 | 9.6 | +4.6% | |
| Operating income | 0.9 | 2.1 | 2.0 | 2.4 | 1.5 | 1.5 | −0.9% | |
| Interest expense | 0.4 | 0.3 | 0.4 | 0.6 | 0.6 | 0.5 | −25.4% | |
| Interest income | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +8.1% | |
| Other income / expense | (0.3) | (0.2) | (0.3) | (0.5) | (0.5) | (0.3) | +36.0% | |
| Pre-tax income | 0.7 | 1.9 | 1.8 | 2.0 | 1.1 | 1.2 | +15.5% | |
| Income tax | 0.5 | 0.6 | 0.8 | 0.9 | 0.7 | 0.9 | +14.2% | |
| Net income | 0.1 | 1.2 | 0.9 | 1.2 | (0.3) | 0.4 | +231.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.1 | (0.6) | (0.0) | +97.3% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 1.26 | 11.25 | 8.79 | 11.13 | 2.63 | 3.56 | +35.4% | |
| EPS, diluted (per share) | 1.21 | 11.12 | 8.74 | 10.92 | 2.61 | 3.42 | +31.0% | |
| EBITDA | 1.8 | 3.1 | 3.0 | 3.5 | 2.9 | 1.7 | −40.5% | |
| Depreciation & amortization | 0.9 | 1.0 | 0.9 | 0.9 | 1.2 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 105,518,000 | 105,518,000 | 105,518,000 | 105,518,000 | 105,518,000 | 101,628,664 | −3.7% | |
| Weighted average diluted shares (shares) | 109,975,000 | 106,756,000 | 106,107,000 | 107,463,000 | 105,518,000 | 105,900,000 | +0.4% | |
| Gross margin | 33.0% | 31.3% | 27.7% | 28.4% | 32.1% | 34.7% | +2.7 pts | |
| Operating margin | 3.8% | 7.9% | 5.8% | 6.5% | 4.6% | 4.8% | +0.2 pts | |
| Net margin | 0.6% | 4.6% | 2.6% | 3.1% | −0.8% | 1.1% | +2.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in ZAR; the shares trade in GBP.
