South Africa · Delayed Price · Currency is ZAR · Price in ZAc iOCO Limited Earnings Call Transcripts
Fiscal Year 2026
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Shareholders approved amendments to the 2022 Share Plan and granted authority for share buybacks, with both resolutions passing by significant majorities. No questions were raised during the meeting, and all voting was conducted electronically.
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Revenue declined 3.6% to ZAR 6 billion, but profitability and cash flow improved, with major legacy issues resolved and cost savings initiatives underway. International and digital segments showed strong growth, and the group is positioned for further expansion in FY 2025.
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Strong first-half 2026 results with 3.5% revenue growth, 21% EBITDA increase, and 46% higher profit after tax. Raised full-year EBITDA guidance above ZAR 610 million, continued deleveraging, and launched share buybacks and a strategic acquisition.
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Profitability restored with EBITDA up 50% and net debt down 59% year-over-year. Recurring revenue rose to 48%, and FY 2026 guidance targets further EBITDA growth, increased recurring revenue, and continued share buybacks and acquisitions.
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EBITDA surged 150% year-over-year to ZAR 252 million, with gross profit up 2.8% despite a 6.4% revenue decline. Strong cash flow enabled significant debt reduction, and the outlook targets double-digit free cash flow growth and a net debt to EBITDA ratio of 1:1 by year-end.