South Africa · Delayed Price · Currency is ZAR · Price in ZAc The Bidvest Group Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw robust profit and cash growth, with all divisions contributing to improved results and strong cash conversion. Strategic investments in hygiene and terminals are delivering, while leverage and costs are down. Focus remains on organic growth, deleveraging, and disciplined capital allocation.
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Revenue rose 4% and trading profit 7% year-over-year, with strong cash generation and margin expansion. Offshore hygiene operations delivered 20% profit growth, and major acquisitions were integrated. Asset disposals and further deleveraging are targeted for year-end.
Fiscal Year 2025
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Resilient results with 5% revenue growth and strong cash generation, despite mixed divisional performance. Strategic acquisitions, especially in hygiene, and a focus on organic growth and deleveraging set a positive outlook, with streamlined operations and new market entries driving future potential.
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Resilient half-year results with revenue up 5.7% and strong cash generation, despite headwinds in maize exports, renewables, and Adcock. Four divisions posted profit growth, six acquisitions were completed, and the group exited banking. Outlook remains cautious but expects a stronger second half.
Fiscal Year 2024
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Revenue grew 6.7% to ZAR 122.6bn, with strong trading profit and cash generation. Eleven acquisitions expanded the global footprint, while the group is exiting financial services to focus on core operations. Outlook is positive, with continued M&A and capital discipline.