South Africa · Delayed Price · Currency is ZAR · Price in ZAc Bid Corporation Earnings Call Transcripts
Fiscal Year 2026
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Revenue and trading profit grew solidly year-over-year despite tough global conditions, with strong performances in Europe, South Africa, and South America offsetting challenges in China and Turkey. Dividend increased, CapEx to moderate, and management remains confident in sustaining growth.
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Revenue and profit growth continued despite tough global conditions, with strong performances in Europe, South Africa, and Brazil. Margins and cash flow improved, while management remains cautiously optimistic and focused on organic growth and selective acquisitions.
Fiscal Year 2025
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Earnings and headline EPS grew nearly 10% in constant currency, with revenue up 6.8% and strong organic and acquisitive growth across most regions. Margins improved, cash generation remained robust, and the outlook is positive with moderate food inflation returning.
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Trading profit is up 10% in constant currency, with improved margins and robust sales growth despite global headwinds. Strategic focus remains on disciplined acquisitions, operational efficiency, and long-term growth, with strong regional performance in Europe, South Africa, and the U.K.
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Revenue grew 7.1% in constant currency, with trading profit up nearly 11% and gross margin improving, despite challenging macro conditions. Most segments delivered growth, with strong cash generation and a 6.7% higher dividend. Outlook remains positive for continued above-market growth.
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Revenue grew 7% in constant currency with 10% trading profit growth, despite tough consumer conditions and cost pressures. Gross margins improved, acquisitions contributed modestly, and management remains cautiously optimistic for continued growth, especially as interest rates decline.
Fiscal Year 2024
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Remuneration and performance metrics were updated in response to shareholder feedback, with ROFE remaining central but ROIC under consideration. ESG targets were exceeded, with a 33% reduction in emissions, and further improvements in disclosure and risk management were discussed.
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Remuneration policies have been updated to reflect shareholder input, with balanced performance metrics and enhanced disclosure. ESG targets have been exceeded, though absolute emissions rose with growth, and risk management is supported by a decentralized facility model. Financial assistance is limited to group entities, and talent management is tailored by country.
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EPS grew 15.5% and revenue rose 15.1% (7.5% in constant currency), with margin improvements and strong cash generation despite tough global conditions. CapEx and acquisitions support future growth, while cautious optimism guides the outlook amid muted inflation and ongoing macroeconomic challenges.