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Fri 11 Jul 2025
Close: 18 556c 
Day's move: -114c (-0.61%)
Volume: 6 043
Trades: 104
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Turnover decreased by 2.4% to R3.886 billion (R3.983 billion) whilst gross profit was 0.3% lower at R1.470 billion (R1.474 billion). Operating profit before fair value adjustments rose 1.5% to R419 million (R414 million). Profit attributable to owners jumped 19.9% to R267 million (R223 million). Additionally, headline earnings per share grew 19.6% to 938 cents per share (785 cents per share).
Dividend
Interim dividend number 76 of 350 cents per share is declared payable on Monday, 11 August 2025 to ordinary shareholders recorded in the register at the close of business on Friday, 8 August 2025.
Results presentation
Hudaco will be presenting its results for the six months ended 31 May 2025 via webinar at 10:00 on Friday, 4 July 2025.
Changes to the board and board committees
After ten years' service, Nyami Mandindi will retire from the board of directors on 31 October 2025. With effect from 1 October 2025, Tlaleng Moabi, who was appointed to the board on 1 July 2025, will assume the roles of chairman of the social and ethics committee, and member of the audit and risk management committee and the nomination committee.
Company prospects
Hudaco’s potential is enormous, but as an SA Inc. company, it depends heavily on the country’s broader economic landscape for business growth. Unfortunately, South Africa continues to face policy and governance challenges. In a recent survey of 49 countries on ease of doing business, conducted by the International Monetary Fund, South Africa ranked the worst. The uncertainty and costs around critical policy issues (such as BEE and Expropriation Without Compensation) and criminal activities (including endemic corruption) accompanied by a breakdown in the criminal justice system, have been a disincentive for foreign investment and have added to the cost of doing business. These factors have impeded stimulation of the economy. Unless they are addressed through robust action by government at all levels, the private sector, labour and civil society, it will be difficult to achieve the kind of inclusive economic growth required to unlock meaningful opportunities for the majority of the population.
Notwithstanding the difficult conditions under which we operate, Hudaco remains resilient, even though achieving organic growth from our existing mature businesses in declining market sectors is very difficult. As part of our long-term strategy, we maintain a diversified portfolio of cash-generative businesses, and we manage the elements within our control, such as gross margins, expense ratios, and working capital. These businesses produce the cash that allows us to pay attractive dividends and make accretive acquisitions enabling us to achieve earnings growth. Our existing businesses remain well-positioned to capitalise quickly on any uptick in market conditions, and we look forward to positive contributions from Isotec and Flosolve, both of which will be included for the full six months of the second half.
Furthermore, the company’s strong balance sheet enables continued effective allocation of capital.
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| Click here for Results In Brief |
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| Click here for Results Analysis |
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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