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Thu 4 Jun 2026
Close: 5904c 
Day's move: -110c (-1.83%)
Volume: 624 489
Trades: 2 230
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Revenue for the interim period rose to R6.3 billion (R6.2 billion) and operating profit lowered to R453 million (R585 million). Profit for the period attributable to equity holders from continuing operations dipped to R290 million (R382 million). Furthermore, headline earnings per share from continuing operations decreased to 185 cents per share (238 cents per share).
Dividend
A gross interim cash dividend No. 200 of 90.0 cents per ordinary share (March 2025: 90.0 cents per ordinary share) has been declared by the Board for the six months ended 31 March 2026. The dividend has been declared from retained earnings.
Changes to the Board
The Board advised of the following changes to Board committees:
- Anthonie de Beer, the chief executive officer and an executive director of Reunert, will be appointed as a member of the Risk Committee and the Social, Ethics and Transformation Committee, with immediate effect; and
- Alan Dickson, who will be stepping down as an executive director of Reunert with effect from 31 May 2026, will relinquish his membership of the Risk Committee on the appointment of Anthonie de Beer.
Anthonie de Beer's appointment to the Social, Ethics and Transformation Committee will be presented to Reunert shareholders for approval at the next annual general meeting (AGM) of the Company.
Tasneem Abdool-Samad, an independent non-executive director, will retire from the Board at Reunert's next AGM scheduled for 23 February 2027.
Group prospects
The dynamic global geopolitical environment will continue to impact the Group's operations. The Group continues to rely on the quality and strength of its experienced management teams and employees to navigate challenges, as they have successfully done previously.
The Electrical Engineering Segment is expected to improve upon the financial performance achieved in the first half of the year. This outlook is supported by a robust order book across both the circuit breaker and Zambian power cable businesses.
Overall infrastructure spending will remain under pressure for the remainder of the financial year. It is anticipated, however, that the Transmission Development Plan is expected to gain momentum during the 2027 calendar year.
The ICT Segment is expected to grow, driven by a refreshed go-to-market strategy in iqbusiness and improved cost efficiencies resulting from strategic restructuring implemented in the second half of 2025.
The Defence Cluster within the Applied Electronics Segment is expected to sustain its positive volume growth trajectory, underpinned by a strong order book and continued demand in a buoyant global defence market. However, the current strength of the Rand is expected to weigh on financial performance growth in H2 FY: 2026, particularly as a significant portion of the Defence Cluster's revenue is denominated in hard currency.
The Group is undertaking a strategic refresh to position the business for the growth opportunities ahead. This will focus on sharper execution, disciplined cash management and prioritising the areas of the business with the strongest potential to create value.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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