for the year ended 30 June 2023

Revenue
16%

R106 321 million(2022: R91 978 million)

EBITDA1
19%

R8 083 million(2022: R6 785 million)

Operating profit2
14%

R5 723 million(2022: R5 029 million)

Profit before tax
3%

R4 357 million(2022: R4 473 million)

Attributable profit
2%

R3 354 million(2022: R3 290 million)

Net asset value per share
25%

10 189 cents per share(2022: 8 143 cents per share)

Earnings per share
6%

2 008 cents per share(2022: 1 902 cents per share)

Headline Earnings per share
1%

2 046 cents per share(2022: 2 025 cents per share)

Total dividend per share

710 cents per share(paid interim dividend of 300 cents per share)
(2022: 710 cents per share)

Diluted earnings per share
7%

1 928 cents per share(2022: 1 808 cents per share)

Diluted headline earnings per share
2%

1 963 cents per share(2022: 1 925 cents per share)

Cash generated by operations before changes in net working capital

R7 837 million(2022: R6 909 million)

Free cashflows generated from operations

R90 million(2022: R4 835 million)

Return on invested capital3

14,1%(2022: 17,8%)

Weighted average cost of capital3

10,7%(2022: 10,9%)

Net debt to equity

77%(2022: 36%)

Net debt to EBITDA4
(debt covenant)

1,8 times(2022: 0,8 times)
Required: to be less than 3 times

EBITDA to net interest4 (debt covenant)

6,4 times(2022: 17,9 times)
Required: to be greater than 3 times

1 Earnings before interest, taxation, depreciation and amortisation.
2 Operating profit before capital items and net foreign exchange gains.
3 The return on invested capital and weighted average cost of capital is prepared on a 12-month rolling basis.
4 Calculated by applying the funders’ covenant methodology.
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