Industrial [photo] 

Financial results

FY2024

Unaudited financial results for the six-month period ended
30 September 2023

 
Financial highlights
(from continuing operations, including Zimbabwe operations)

  • Net asset value to R10 259 million (HY2023: R9 809 million)
  • Net working capital improved to R4 057 million (HY2023: R5 207 million)
  • Net cash increased to R1 636 million (HY2023: R140 million)
  • Revenue decreased to R10 448 million (HY2023: R12 164 million)
  • Operating profit decreased to R684 million (HY2023: R802 million)
  • Operating margin decreased to 6.5% (HY2023: 6.6%)
  • EBITDA (excluding impairments) decreased to R968 million (HY2023: R1 151 million)
  • Earnings per share decreased to 285 cents (HY2023: 304 cents)
  • Headline earnings per share decreased to 282 cents (HY2023: 295 cents)
ESG Highlights
  • Global credit rating upgraded to long term: A+, affirmed short term: A1 both with stable outlook
    (HY2023: A, short term: A1 with a positive outlook)

  • Zero fatalities recorded (HY2023: zero)
  • Recordable case rate (RCR) improved – 0.11 (HY2023: 0.20)
  • Lost-time injury incidents improved – 3 (HY2023: 6)
  • Fire, explosion and releases (FER) improved – 0.31 (HY2023: 0.96)
  • B-BBEE rating Level 2 maintained (HY2023: Level 2)
  • Greenhouse gas (GHG) emissions improved to 65 046 tonnes of CO2e (HY2023: 78 143 tonnes CO2e)
  • Energy use efficiency improved to 0.28 gigajoules/per tonne (HY2023: 0.35 gigajoules/per tonne of product manufactured)
  • Renewable energy use increased to 5 348MWh (HY2023: 63MWh)
  • Water-use efficiency improved to 0.41 kilolitres per tonne (HY2023: 0.46 kilolitres per tonne of product manufactured)
  • Water recycled or reused increased to 101ML (HY2023: 27ML)
  • Used oil collected increased to 13ML (HY2023: 8ML)

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