JSE Limited Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,146	2,971	2,814	2,650	2,517	2,446
Other Revenue	21.19	21.19	5.4	7.24	5.4	2.12
Revenue	3,167	2,993	2,820	2,657	2,523	2,448
Revenue Growth (YoY)	9.94%	6.12%	6.12%	5.33%	3.04%	11.71%
Gross Profit	3,167	2,993	2,820	2,657	2,523	2,448
Selling, General & Admin	904.52	853.65	783.79	692.7	649.9	600.84
Other Operating Expenses	1,300	1,259	1,214	1,166	1,087	1,019
Operating Expenses	2,215	2,126	2,002	1,865	1,739	1,624
Operating Income	951.67	866.97	818.01	792.4	783.82	823.99
Interest Expense	-4,163	-4,450	-4,669	-3,188	-1,851	-2,234
Interest & Investment Income	4,487	4,778	4,966	3,392	1,997	2,434
Earnings From Equity Investments	49.83	45.94	38.72	41	51.6	54.35
Currency Exchange Gain (Loss)	9.76	9.76	-1.36	5.47	14.79	15.22
Other Non Operating Income (Expenses)	-0	-0	-	-	-	-
EBT Excluding Unusual Items	1,336	1,251	1,152	1,042	995.89	1,093
Merger & Restructuring Charges	-	-	-	-	-0.9	-28.58
Asset Writedown	-	-	-11.49	-5.4	-	-
Pretax Income	1,336	1,251	1,141	1,037	994.99	1,065
Income Tax Expense	352.71	333.38	310.02	288.28	271.81	283.33
Earnings From Continuing Operations	982.88	917.75	830.98	748.56	723.18	781.49
Earnings From Discontinued Operations	-	-	-	-	-	-2.84
Net Income to Company	982.88	917.75	830.98	748.56	723.18	778.64
Minority Interest in Earnings	-	-	-	-	-0.73	-0.25
Net Income	982.88	917.75	830.98	748.56	722.44	778.39
Net Income to Common	982.88	917.75	830.98	748.56	722.44	778.39
Net Income Growth	18.29%	10.44%	11.01%	3.62%	-7.19%	11.98%
Shares Outstanding (Basic)	81	81	82	82	83	83
Shares Outstanding (Diluted)	83	83	83	83	83	84
Shares Change (YoY)	0.28%	0.15%	-0.16%	-0.37%	-0.29%	-2.43%
EPS (Basic)	12.10	11.29	10.19	9.11	8.74	9.37
EPS (Diluted)	11.82	11.05	10.02	9.01	8.66	9.31
EPS Growth	17.96%	10.28%	11.19%	4.00%	-6.93%	14.78%
Free Cash Flow	1,064	1,044	1,033	919.23	817.61	980.99
Free Cash Flow Per Share	12.80	12.57	12.46	11.06	9.80	11.73
Dividend Per Share	8.280	8.280	7.840	7.690	7.540	7.250
Dividend Growth	5.61%	5.61%	1.95%	1.99%	4.00%	5.07%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	30.05%	28.97%	29.01%	29.82%	31.07%	33.65%
Profit Margin	31.03%	30.67%	29.47%	28.17%	28.64%	31.79%
Free Cash Flow Margin	33.60%	34.88%	36.63%	34.59%	32.41%	40.06%
EBITDA	1,010	938.37	891.6	870.17	856.47	895.22
EBITDA Margin	31.90%	31.36%	31.62%	32.75%	33.95%	36.56%
D&A For EBITDA	58.52	71.4	73.59	77.77	72.64	71.23
EBIT	951.67	866.97	818.01	792.4	783.82	823.99
EBIT Margin	30.05%	28.97%	29.01%	29.82%	31.07%	33.65%
Effective Tax Rate	26.41%	26.65%	27.17%	27.80%	27.32%	26.61%

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