South Africa · Delayed Price · Currency is ZAR · Price in ZAc Nampak Earnings Call Transcripts
Fiscal Year 2026
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Muted group results as beverage growth, especially in Angola, offset Diversified headwinds. Revenue fell 1% but net debt dropped 30%, and normalized headline EPS rose 8%. Strategic focus is on beverage-led growth, Diversified restructuring, and dividend resumption.
Fiscal Year 2025
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Revenue grew 8% to ZAR 10.7 billion, with EBITDA up 26% and net debt halved to ZAR 2.1 billion. Strong performance in Angola and improved margins offset weaker Diversified results. Strategic focus remains on cost control, operational efficiency, and debt reduction.
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Delivered strong revenue and profit growth, improved margins, and reduced debt through asset disposals and operational efficiency. Segment performance was robust across SA, Angola, and Diversified, with positive outlook and potential for dividend resumption after further de-risking.
Fiscal Year 2024
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Delivered a strong turnaround with EBITDA up 331% and headline earnings of ZAR 278 million, driven by margin expansion, cost control, and asset disposals. Focus remains on operational excellence, deleveraging, and resuming dividends, with positive momentum into FY2025.
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Shareholders approved all resolutions, including a director share issue and related financial assistance, with strong majorities. Delays from a cyber attack and share price appreciation created tax challenges for executives, which the board is addressing through support measures and new agreements.
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Delivered a strong interim turnaround with revenue up 7%, operating profit up 328%, and net debt reduced by ZAR 1.3 billion. Margin expansion, cost savings, and asset disposals underpin improved results, with further debt reduction and growth in core metals expected.