Netcare Income Statement

Financials in millions ZAR. Fiscal year is October - September.

Millions ZAR. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	26,344	25,202	23,699	21,636	21,200
Revenue Growth (YoY)	4.53%	6.34%	9.54%	2.06%	12.51%
Cost of Revenue	13,250	12,746	11,964	11,085	10,748
Gross Profit	13,094	12,456	11,735	10,551	10,452
Selling, General & Admin	10,097	9,701	9,433	8,569	8,501
Other Operating Expenses	-718	-546	-466	-255	-142
Operating Expenses	9,577	9,360	9,081	8,314	8,359
Operating Income	3,517	3,096	2,654	2,237	2,093
Interest Expense	-1,160	-1,206	-1,001	-828	-845
Interest & Investment Income	133	205	144	115	116
Earnings From Equity Investments	70	51	40	21	-114
Other Non Operating Income (Expenses)	-11	-8	1	-	-1
EBT Excluding Unusual Items	2,549	2,138	1,838	1,545	1,249
Gain (Loss) on Sale of Investments	-26	-	-31	-	-
Asset Writedown	-	-	-	-11	-73
Pretax Income	2,523	2,138	1,807	1,534	1,176
Income Tax Expense	713	591	471	484	416
Earnings From Continuing Operations	1,810	1,547	1,336	1,050	760
Net Income to Company	1,810	1,547	1,336	1,050	760
Minority Interest in Earnings	-67	-48	-15	-37	9
Net Income	1,743	1,499	1,321	1,013	769
Preferred Dividends & Other Adjustments	87	87	64	46	39
Net Income to Common	1,656	1,412	1,257	967	730
Net Income Growth	16.28%	13.48%	30.40%	31.73%	72.42%
Shares Outstanding (Basic)	1,224	1,279	1,330	1,338	1,336
Shares Outstanding (Diluted)	1,246	1,298	1,345	1,348	1,344
Shares Change (YoY)	-4.01%	-3.49%	-0.22%	0.30%	0.07%
EPS (Basic)	1.35	1.10	0.95	0.72	0.55
EPS (Diluted)	1.33	1.09	0.94	0.72	0.54
EPS Growth	22.04%	16.47%	30.40%	32.04%	93.24%
Free Cash Flow	1,901	1,256	1,245	1,230	1,173
Free Cash Flow Per Share	1.53	0.97	0.93	0.91	0.87
Dividend Per Share	0.850	0.700	0.650	0.500	0.340
Dividend Growth	21.43%	7.69%	30.00%	47.06%	-
Gross Margin	49.70%	49.43%	49.52%	48.77%	49.30%
Operating Margin	13.35%	12.29%	11.20%	10.34%	9.87%
Profit Margin	6.29%	5.60%	5.30%	4.47%	3.44%
Free Cash Flow Margin	7.22%	4.98%	5.25%	5.68%	5.53%
EBITDA	4,344	3,925	3,458	2,988	2,854
EBITDA Margin	16.49%	15.57%	14.59%	13.81%	13.46%
D&A For EBITDA	827	829	804	751	761
EBIT	3,517	3,096	2,654	2,237	2,093
EBIT Margin	13.35%	12.29%	11.20%	10.34%	9.87%
Effective Tax Rate	28.26%	27.64%	26.06%	31.55%	35.37%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.