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Fri 27 Jun 2025, 15:07 | | Crookes final results March 2025 |
| View SENS |
Continuing operations Revenue rose to R833.8 million (R727.9 million) with operating profit after non-trading items ending higher on R135.9 million (R113.1 million). Profit for the year attributable to owners of the company leaped to R68.1 million(R22.6 million). Additionally, headline earnings per share increased to 425.1c per share (334.5c per share).
Cash dividend declaration The board of directors of Crookes Brothers (\"the board\") has resolved to declare a final gross cash dividend of 150.00000 cents per ordinary share to ordinary shareholders recorded in the register of the company at the close of business on Friday, 8 August 2025.
Audit opinion Deloitte & Touche expressed an unmodified audit opinion on the audited consolidated and company annual financial statements for the financial year ended 31 March 2025 (\"annual financial statements\") in their report dated 27 June 2025, which accompanies the annual financial statements.
Company outlook Following a particularly strong 2024, we remain focused on driving performance in areas within our control, despite potential headwinds.
In the sugar segment, a softer outlook for the 2025 sugar cane prices, particularly in South Africa and Eswatini, is expected due to weaker world sugar prices, a stronger rand and increased sugar imports into South Africa due to delayed tariff adjustments. However, our focus remains on maximising yield and quality to protect value.
The October 2024 windstorm at Mawecro will impact the 2025/26 banana crop, with an estimated 108 000 bunches negatively affected. Still, bunch mass and quality remain excellent, and we are cautiously optimistic that reasonable pricing will persist due to tighter market supply.
In our Mozambique macadamia operation, we continue to focus on quality and yield consistency as we await a recovery in global prices.
The property division is progressing well with advanced negotiations underway for the sale of the school, medical and hotel sites at the Renishaw Coastal Precinct. Phase 7 of the development at Renishaw Hills will commence during the 2025/26 year, funded through bank finance.
Capital expenditure in the year ahead will prioritise a consistent replant programme across our agricultural operations including the strategic Nicoskamp \"banana to cane\" conversion. This shift is expected to improve resilience and returns, given the farm's excellent soils and sugar cane's tolerance to adverse weather. |
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