South Africa · Delayed Price · Currency is ZAR · Price in ZAc Brait Earnings Call Transcripts
Fiscal Year 2026
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NAV per share rose 5% to ZAR 3.21, driven by strong performances at Virgin Active and Premier. Virgin Active’s EBITDA grew 45% YoY, while Premier’s HEPS rose 28% and return on invested capital reached 25%. Strategic focus remains on value unlock and portfolio optimization.
Fiscal Year 2025
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Brait delivered a year of strong operational and financial progress, highlighted by major debt reduction, robust growth at Virgin Active and Premier, and continued digital transformation at New Look. Virgin Active and Premier posted double-digit EBITDA growth, while New Look focused on digital and cost efficiencies.
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Recapitalization drove an 8% NAV per share increase and over threefold share price rise. Virgin Active and Premier delivered strong growth, while New Look faced U.K. headwinds but maintained market share. Outlook includes targeted exits and continued investment in growth.
Fiscal Year 2024
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Virgin Active and Premier delivered robust growth, with Virgin Active's EBITDA run rate more than doubling and Premier achieving double-digit margin and strong cash flow. A ZAR 1.5 billion rights issue and recapitalization reduced net debt and extended maturities, providing flexibility for future asset exits.