Hudaco Industries Income Statement

Financials in millions ZAR. Fiscal year is December - November.

Millions ZAR. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	8,748	8,379	8,897	8,151	7,258
Revenue Growth (YoY)	4.40%	-5.82%	9.14%	12.31%	16.06%
Cost of Revenue	5,468	5,216	5,694	5,160	4,571
Gross Profit	3,280	3,163	3,203	2,992	2,687
Selling, General & Admin	2,179	1,274	1,239	1,199	1,126
Amortization of Goodwill & Intangibles	-	16.88	10.42	6.99	11.05
Other Operating Expenses	-	683.85	697.87	628.74	570.75
Operating Expenses	2,183	2,160	2,133	2,000	1,861
Operating Income	1,097	1,003	1,070	991.84	825.82
Interest Expense	-128	-152.96	-150.12	-86.64	-68.01
Other Non Operating Income (Expenses)	29	-12.37	-4.36	-1.19	7.08
EBT Excluding Unusual Items	998	837.34	915.65	904.01	764.88
Merger & Restructuring Charges	-	-0.29	-1.33	-0.39	-1.06
Impairment of Goodwill	-104	-77	-	-	-
Gain (Loss) on Sale of Assets	-	0.21	-1.04	0.54	3.92
Asset Writedown	-	4.61	1.16	-	-
Pretax Income	894	764.87	914.43	931.36	767.74
Income Tax Expense	254	218.84	245.05	256.69	218.46
Earnings From Continuing Operations	640	546.03	669.38	674.68	549.28
Minority Interest in Earnings	-65	-40.29	-58.58	-78.41	-50.56
Net Income	575	505.74	610.81	596.27	498.72
Net Income to Common	575	505.74	610.81	596.27	498.72
Net Income Growth	13.70%	-17.20%	2.44%	19.56%	1302.46%
Shares Outstanding (Basic)	28	28	29	30	30
Shares Outstanding (Diluted)	29	29	30	31	31
Shares Change (YoY)	0.03%	-1.87%	-4.49%	-0.12%	-1.75%
EPS (Basic)	20.26	17.82	21.42	20.08	16.43
EPS (Diluted)	19.80	17.44	20.67	19.27	16.10
EPS Growth	13.53%	-15.63%	7.27%	19.69%	1327.41%
Free Cash Flow	1,034	1,256	536.55	571.34	619.93
Free Cash Flow Per Share	35.65	43.31	18.16	18.47	20.01
Dividend Per Share	11.200	10.250	10.250	9.250	7.600
Dividend Growth	9.27%	-	10.81%	21.71%	85.37%
Gross Margin	37.49%	37.75%	36.00%	36.70%	37.02%
Operating Margin	12.54%	11.97%	12.03%	12.17%	11.38%
Profit Margin	6.57%	6.04%	6.87%	7.32%	6.87%
Free Cash Flow Margin	11.82%	14.99%	6.03%	7.01%	8.54%
EBITDA	1,179	1,071	1,127	1,043	882.68
EBITDA Margin	13.48%	12.78%	12.67%	12.79%	12.16%
D&A For EBITDA	82	68.62	56.67	51	56.87
EBIT	1,097	1,003	1,070	991.84	825.82
EBIT Margin	12.54%	11.97%	12.03%	12.17%	11.38%
Effective Tax Rate	28.41%	28.61%	26.80%	27.56%	28.46%
Revenue as Reported	8,748	8,379	8,897	8,151	-

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.