South Africa · Delayed Price · Currency is ZAR · Price in ZAc PPC Ltd Earnings Call Transcripts
Fiscal Year 2026
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Group EBITDA margin reached 19.4%, reflecting a successful operational turnaround and strategic shift to margin-focused, data-driven management. Financial performance improved with strong cash flow, ROIC, and disciplined capital allocation. Zimbabwe delivered robust growth and dividends, while operational and commercial excellence position the business for future infrastructure opportunities.
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Strong H1 FY 2026 results with revenue up 6.2% and EBITDA up 24%, driven by South African and Zimbabwean operations. Strategic investments in solar and new plant projects are on track, with continued focus on cost discipline, margin growth, and sustainable returns.
Fiscal Year 2025
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FY2025 saw a strong turnaround with EBITDA up 28% and free cash flow exceeding ZAR 1 billion, driven by operational improvements and cost discipline. The company resumed dividends, advanced a new Western Cape plant, and expects further margin and ROIC gains, despite a competitive and low-growth market.
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A R3 billion investment in a new Western Cape cement plant will replace two aging facilities, cut costs and emissions, and position the company for market share gains amid shifting industry dynamics. The project will be debt-funded, maintain dividends, and leverage advanced technology for sustainability.
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Revenue declined 4.2% but EBITDA margin improved to 15.7% and headline EPS rose 10%. Cost discipline and operational changes drove margin and cash flow gains, with positive outlook for H2 and ongoing turnaround initiatives.
Fiscal Year 2024
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Revenue grew 20.6% to ZAR 10 billion, with improved EBITDA margin driven by Zimbabwe's strong performance. Ordinary dividend declared for the first time since 2015, and a special dividend from the CIMERWA sale is proposed. Focus remains on internal turnaround and margin recovery.