South Ocean Holdings 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
Revenue	2,502	2,568	2,364	1,873	2,002
Revenue Growth (YoY)	-2.56%	8.65%	26.18%	-6.42%	14.83%
Cost of Revenue	2,422	2,423	2,136	1,742	1,826
Gross Profit	80.41	144.84	227.24	131.56	175.49
Selling, General & Admin	96.03	87.09	110.8	92.12	69.48
Other Operating Expenses	-26.38	-1.19	-1.12	-0.87	-0.11
Operating Expenses	69.02	85.43	109.36	92.06	70.12
Operating Income	11.39	59.41	117.88	39.5	105.37
Interest Expense	-41.01	-35.83	-22.48	-4.05	-5.97
Interest & Investment Income	3.68	2.58	1.79	1.14	0.13
Earnings From Equity Investments	-0.35	-2.89	8.76	-	-
Currency Exchange Gain (Loss)	-	23.47	16.26	20.93	6.48
Other Non Operating Income (Expenses)	-	-1.42	-1.45	0.24	-0.26
EBT Excluding Unusual Items	-26.29	45.32	120.76	57.75	105.74
Gain (Loss) on Sale of Assets	-	-	-	0.44	0.34
Pretax Income	-26.29	45.32	120.76	58.19	106.09
Income Tax Expense	-11.02	11.43	32.13	13.22	31.02
Earnings From Continuing Operations	-15.28	33.89	88.63	44.96	75.07
Net Income	-15.28	33.89	88.63	44.96	75.07
Net Income to Common	-15.28	33.89	88.63	44.96	75.07
Net Income Growth	-	-61.76%	97.12%	-40.10%	178.65%
Shares Outstanding (Basic)	203	203	203	203	203
Shares Outstanding (Diluted)	203	203	203	203	203
EPS (Basic)	-0.08	0.17	0.44	0.22	0.37
EPS (Diluted)	-0.08	0.17	0.44	0.22	0.37
EPS Growth	-	-61.76%	97.12%	-40.10%	178.65%
Free Cash Flow	-122.02	7.38	-62.55	18.85	124.06
Free Cash Flow Per Share	-0.60	0.04	-0.31	0.09	0.61
Dividend Per Share	-	0.055	0.110	0.060	0.090
Dividend Growth	-	-50.00%	83.33%	-33.33%	200.00%
Gross Margin	3.21%	5.64%	9.61%	7.02%	8.77%
Operating Margin	0.46%	2.31%	4.99%	2.11%	5.26%
Profit Margin	-0.61%	1.32%	3.75%	2.40%	3.75%
Free Cash Flow Margin	-4.88%	0.29%	-2.65%	1.01%	6.20%
EBITDA	32.66	78.92	136.54	57.2	127.35
EBITDA Margin	1.31%	3.07%	5.78%	3.05%	6.36%
D&A For EBITDA	21.27	19.51	18.66	17.7	21.98
EBIT	11.39	59.41	117.88	39.5	105.37
EBIT Margin	0.46%	2.31%	4.99%	2.11%	5.26%
Effective Tax Rate	-	25.22%	26.61%	22.73%	29.24%
Advertising Expenses	-	0.72	0.33	0.03	-

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