RFG Holdings Income Statement

Financials in millions ZAR. Fiscal year is October - September.

Millions ZAR. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 28, 2025	Sep '24 Sep 28, 2024	Oct '23 Oct 1, 2023	Oct '22 Oct 2, 2022	Sep '21 Sep 26, 2021
Revenue	8,138	8,006	7,887	7,255	5,950
Revenue Growth (YoY)	1.64%	1.52%	8.71%	21.93%	1.46%
Cost of Revenue	6,107	5,931	5,908	5,614	4,662
Gross Profit	2,031	2,075	1,978	1,641	1,288
Selling, General & Admin	507.16	519.73	539.87	559.07	416.36
Other Operating Expenses	746.77	722.46	665.6	579.06	510.22
Operating Expenses	1,254	1,242	1,205	1,138	926.58
Operating Income	777.21	833.14	772.72	502.66	361.85
Interest Expense	-68.12	-82.94	-99.36	-89.21	-73.14
Interest & Investment Income	1.49	0.1	0.44	0.75	0.17
Earnings From Equity Investments	0.18	-0.03	-0.52	1.32	0.46
Currency Exchange Gain (Loss)	-1.29	30.85	-0.54	28.39	26.41
EBT Excluding Unusual Items	709.48	781.12	672.75	443.91	315.75
Gain (Loss) on Sale of Investments	-0.18	-6.83	-	-	-
Asset Writedown	-102.63	-5.04	-15.47	-1.35	-15.98
Pretax Income	606.67	769.25	657.27	485.96	299.78
Income Tax Expense	161.54	203.9	179.74	124.04	83.3
Earnings From Continuing Operations	445.13	565.35	477.54	361.92	216.48
Minority Interest in Earnings	0.3	0.34	-0.94	-1.24	-0.33
Net Income	445.43	565.69	476.6	360.68	216.15
Net Income to Common	445.43	565.69	476.6	360.68	216.15
Net Income Growth	-21.26%	18.69%	32.14%	66.87%	-0.09%
Shares Outstanding (Basic)	261	260	260	262	262
Shares Outstanding (Diluted)	264	264	262	263	263
Shares Change (YoY)	0.17%	0.51%	-0.10%	-0.22%	0.39%
EPS (Basic)	1.70	2.18	1.83	1.38	0.83
EPS (Diluted)	1.69	2.14	1.82	1.37	0.82
EPS Growth	-21.36%	18.06%	32.27%	67.23%	-0.48%
Free Cash Flow	279.81	468.19	516.16	167.5	126.14
Free Cash Flow Per Share	1.06	1.77	1.97	0.64	0.48
Dividend Per Share	0.996	1.111	0.620	0.458	0.291
Dividend Growth	-10.35%	79.19%	35.37%	57.39%	1.04%
Gross Margin	24.96%	25.92%	25.08%	22.62%	21.65%
Operating Margin	9.55%	10.41%	9.80%	6.93%	6.08%
Profit Margin	5.47%	7.07%	6.04%	4.97%	3.63%
Free Cash Flow Margin	3.44%	5.85%	6.54%	2.31%	2.12%
EBITDA	1,061	1,088	1,025	704.82	556.29
EBITDA Margin	13.04%	13.58%	13.00%	9.71%	9.35%
D&A For EBITDA	283.87	254.48	252.12	202.16	194.44
EBIT	777.21	833.14	772.72	502.66	361.85
EBIT Margin	9.55%	10.41%	9.80%	6.93%	6.08%
Effective Tax Rate	26.63%	26.51%	27.35%	25.52%	27.79%

Updated Sep 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.