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Fri 13 Jun 2025
Close: 60c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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Revenue for the year lowered to R5.0 billion (2024: R5.6 billion) whilst operating profit plummeted to R25.7 million (2025: R123.3 million). Total comprehensive loss attributable to owners of the parent came to R110.5 million (2024: profit of R42.9 million). In addition, headline loss per share was 6.5 cps (2024: headline earnings per share of 12.54 cps).
Dividend
No final dividend was declared for the 2025 financial year.
Distribution of the integrated annual report
Shareholders of the Group ('Shareholders') were advised that the Group's Integrated Report, incorporating the AFS for the year ended 28 February 2025 and the notice of the annual general meeting of the Group ('Notice of AGM') was dispatched to Shareholders today, 30 May 2025.
Notice of annual general meeting
Notice was given that the annual general meeting ('AGM') will be held at 10:00 on Thursday, 10 July 2025 at the offices of Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 to transact the business as set out in the abovementioned Notice of AGM.
Company outlook
Our focus remains on supplying recycled and beneficiated ferrous and non-ferrous metals for local and export clients. The global focus on decarbonisation and vehicle electrification continues to support higher copper and aluminium prices, in turn boosting our revenue and margins. In addition, working capital and cash flow throughout our operations have been very well managed, and we are steadily degearing our balance sheet. While the risk of external disruptions remains high, we believe we have demonstrated the Group's ability to withstand these in recent years.
We believe a return to meaningful economic growth in South Africa, progress on infrastructural development and an equitable industrial policy will generate additional tailwinds.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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