JSE Limited Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,401	2,971	2,814	2,650	2,517
Other Revenue	29.57	21.19	5.4	7.24	5.4
Revenue	3,431	2,993	2,820	2,657	2,523
Revenue Growth (YoY)	14.64%	6.12%	6.12%	5.33%	3.04%
Gross Profit	3,431	2,993	2,820	2,657	2,523
Selling, General & Admin	1,003	889	783.79	692.7	649.9
Other Operating Expenses	1,315	1,224	1,214	1,166	1,087
Operating Expenses	2,322	2,126	2,002	1,865	1,739
Operating Income	1,109	866.97	818.01	792.4	783.82
Interest Expense	-4,289	-4,450	-4,669	-3,188	-1,851
Interest & Investment Income	4,620	4,778	4,966	3,392	1,997
Earnings From Equity Investments	51.71	45.94	38.72	41	51.6
Currency Exchange Gain (Loss)	-32.9	9.76	-1.36	5.47	14.79
Other Non Operating Income (Expenses)	-	-0	-	-	-
EBT Excluding Unusual Items	1,459	1,251	1,152	1,042	995.89
Merger & Restructuring Charges	-	-	-	-	-0.9
Asset Writedown	-7.31	-	-11.49	-5.4	-
Pretax Income	1,452	1,251	1,141	1,037	994.99
Income Tax Expense	381.26	333.38	310.02	288.28	271.81
Earnings From Continuing Operations	1,071	917.75	830.98	748.56	723.18
Net Income to Company	1,071	917.75	830.98	748.56	723.18
Minority Interest in Earnings	-	-	-	-	-0.73
Net Income	1,071	917.75	830.98	748.56	722.44
Net Income to Common	1,071	917.75	830.98	748.56	722.44
Net Income Growth	16.66%	10.44%	11.01%	3.62%	-7.19%
Shares Outstanding (Basic)	81	81	82	82	83
Shares Outstanding (Diluted)	83	83	83	83	83
Shares Change (YoY)	-0.07%	0.15%	-0.16%	-0.37%	-0.29%
EPS (Basic)	13.22	11.29	10.19	9.11	8.74
EPS (Diluted)	12.90	11.05	10.02	9.01	8.66
EPS Growth	16.73%	10.28%	11.19%	4.00%	-6.93%
Free Cash Flow	1,194	1,044	1,033	919.23	817.61
Free Cash Flow Per Share	14.39	12.57	12.46	11.06	9.80
Dividend Per Share	9.610	8.280	7.840	7.690	7.540
Dividend Growth	16.06%	5.61%	1.95%	1.99%	4.00%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	32.32%	28.97%	29.01%	29.82%	31.07%
Profit Margin	31.21%	30.67%	29.47%	28.17%	28.64%
Free Cash Flow Margin	34.81%	34.88%	36.63%	34.59%	32.41%
EBITDA	1,167	938.37	891.6	870.17	856.47
EBITDA Margin	34.00%	31.36%	31.62%	32.75%	33.95%
D&A For EBITDA	57.67	71.4	73.59	77.77	72.64
EBIT	1,109	866.97	818.01	792.4	783.82
EBIT Margin	32.32%	28.97%	29.01%	29.82%	31.07%
Effective Tax Rate	26.26%	26.65%	27.17%	27.80%	27.32%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.