for the year ended 30 June 2024

Revenue
7%

R113 764 million(2023: R106 538 million)1

EBITDA2
3%

R8 310 million(2023: R8 083 million)

Operating profit3
4%

R5 503 million(2023: R5 723 million)

Profit before tax
26%

R3 218 million(2023: R4 357 million)

Attributable profit
27%

R2 436 million(2023: R3 354 million)

Net asset value per share

10 203 cents per share(2023: 10 189 cents per share)

Earnings per share
28%

1 450 cents per share(2023: 2 008 cents per share)

Headline earnings per share
28%

1 479 cents per share(2023: 2 046 cents per share)

Total dividend per share

520 cents per share(paid interim dividend of 235 cents per share)
(2023: 710 cents per share)

Diluted earnings per share
27%

1 400 cents per share(2023: 1 928 cents per share)

Diluted headline earnings per share
27%

1 428 cents per share(2023: 1 963 cents per share)

Cash flows from operating activities

R3 533 million(2023: outflow of R1 187 million)

Return on invested capital4

10,8%(2023: 14,1%)

Weighted average cost of capital4

10,1%(2023: 10,7%)

Equity to net debt structure

57% : 43%(2023: 56% : 44%)

Net debt to EBITDA5
(debt covenant)

1,9 times(2023: 1,8 times)
Required: to be less than 3 times

EBITDA to net interest5 (debt covenant)

3,7 times(2023: 6,4 times)
Required: to be greater than 3 times

1 Revenue in the comparative period has been restated due to the adoption of IFRS 17. Refer to note 3 – Accounting policies for additional information.
2 Earnings before interest, taxation, depreciation and amortisation.
3 Operating profit before capital items and net foreign exchange movements.
4 The return on invested capital and weighted average cost of capital is prepared on a 12-month rolling basis.
5 Calculated by applying the funders’ covenant methodology.
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