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Mon 16 Feb 2026
Close: 20 698c 
Day's move: 18c (0.09%)
Volume: 8 161
Trades: 133
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Revenue for the year increased by 4.4% to R8.7 billion (R8.4 billion), with gross profit improving by 3.7% to R3.3 billion (R3.2 billion). Operating profit before fair value adjustments climbed 8.9% to R1.1 billion (R1.0 billion). Profit attributable to equity holders of the parent came in 13.6% higher at R575 million (R506 million). Furthermore, headline earnings per share were reported 15.7% higher at 2 327 cents per share (2 012 cents per share).
Declaration of final dividend number 77
Final dividend number 77 of 770 cents per share (2024: 700 cents per share) is declared payable on Monday, 2 March 2026 to ordinary shareholders recorded in the register at the close of business on Friday, 27 February 2026.
Company prospects
We have begun the new year with cautious optimism, as we normally do, believing that the prospects for SA Inc. are somewhat more promising.
Our businesses are well placed to benefit immediately from an uptick in economic activity, which appears a reasonable expectation in 2026. Having said this, we recognise that the geopolitical situation is fraught with uncertainty, and that, regrettably, the South African government consistently falls short each year, offering populist rhetoric with minimal tangible action to attract investment and reduce unemployment. It is common cause that there remains an urgent need for decisive measures to expedite the implementation of structural, growth-oriented reforms to which the country has already committed, through Operation Vulindlela, which focuses on electricity, water, transport and digital communications.
The South African economy ended 2025 in a stronger position than a year ago, and the economic outlook for 2026 is showing signs of gradual improvement, particularly in our mining industry, as gold, platinum and copper prices surge. Other factors that should have a positive effect on our economy and Hudaco in the year ahead include: inflation near the 3% target; interest rates already well down and expected to decline further; the recent sovereign credit rating upgrade; the removal of South Africa from the “grey list”; higher commodity prices, which are likely to drive mining expenditure, particularly for maintenance; and the fact that our 2025 acquisitions will be included in the results for a full year. The strengthening of the Rand against the US Dollar can be expected to put selling prices under pressure but should also ease pressure on consumers, which will hopefully boost our consumer-related products businesses.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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