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Fri 13 Jun 2025
Close: 9 478c 
Day's move: -382c (-3.87%)
Volume: 625 607
Trades: 2 217
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Revenue for the period lowered by 2% to R56.2 billion (R57.2 billion) with earnings before interest, taxation, depreciation and amortisation coming in 4% less at R4.0 billion (R4.2 billion). Operating profit before capital items and net foreign exchange movements decreased by 4% to R2.5 billion (R2.6 billion) and profit for the period attributable to owners of Motus increasing by 1% to R1.13 billion (R1.11 billion). Additionally, headline earnings per share ended 3% higher at 681c per share (662c per share).
Dividend
An interim dividend of 240 cents per ordinary share has been declared and will be paid in April 2025.
Board changes
During the reporting period, the following Board and sub-committee changes occurred:
• OS Arbee, who reached retirement age, retired as Chief Executive Officer (CEO) and from the Board and its sub-committees with effect from 31 October 2024.
• OJ Janse van Rensburg was appointed as CEO with effect from 1 November 2024 and remains an executive director on the Board. On 5 November 2024, he was appointed as a member of the Social, Ethics and Sustainability Committee.
• B Baijnath was appointed as Chief Financial Officer (CFO) designate with effect from 1 August 2024, and as CFO and to the Board as an executive director with effect from 1 November 2024.
Company Prospects
While the trading environment, including the automotive sector, is expected to remain challenging due to ongoing economic pressures in our geographies, we are encouraged by improving consumer sentiment, especially in South Africa. Despite pressures on disposable income, positive momentum and shifting consumer preferences across our businesses, have created opportunities that align with our Group strategy and strengths, positioning us favourably for future growth.
We expect overall financial performance to remain stable for the full year ending 30 June 2025 compared to the year ended 30 June 2024. Operating profit is expected to be marginally below the prior year, while net finance costs are projected to decline by low double-digits, contributing positively to headline earnings for the financial year which are forecast to be in line with the prior year.
Motus remains cash generative with sufficient funding facilities, providing a strong foundation to explore opportunities for de-gearing and optimising our statement of financial position across geographies.
Key factors that may influence the economic landscapes in which we operate include uncertainty stemming from geopolitical tension, inflation, currency volatility, changes in interest rates, fuel and energy costs, as well as potential impacts of future tax legislative changes.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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