Upcoming Dividend • Jun 11
Upcoming dividend of R1.92 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Jun 07
CFO & Executive Director recently bought €84k worth of stock On the 1st of June, Carel Snyman bought around 57k shares on-market at roughly €1.49 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Carel's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €1.51, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 458% over the past three years. Declared Dividend • May 27
Final dividend of R1.92 announced Shareholders will receive a dividend of R1.92. Ex-date: 17th June 2026 Payment date: 22nd June 2026 Dividend yield will be 130%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • May 25
Full year 2026 earnings released: EPS: R2.10 (vs R1.56 in FY 2025) Full year 2026 results: EPS: R2.10 (up from R1.56 in FY 2025). Revenue: R9.72b (flat on FY 2025). Net income: R802.0m (up 36% from FY 2025). Profit margin: 8.3% (up from 6.1% in FY 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 06
Altron Limited Announces Resignation of Harvey Christophers as Independent Non-Executive Director and as a Member of All Board Committees, Effective March 5, 2026 Altron Limited announced that Mr. Harvey Christophers has resigned as an Independent Non-Executive Director of Altron and as a member of all Board Committees on which he served, with effect from March 5, 2026. Announcement • Oct 06
Altron Limited to Report First Half, 2026 Results on Nov 03, 2025 Altron Limited announced that they will report first half, 2026 results on Nov 03, 2025 Announcement • Aug 04
Altron Limited Appoints Harvey Christophers as Independent Non-Executive Director with Effect from 1 August 2025 The Board of Altron Limited announced the appointment of Mr. Harvey Christophers ("Harvey") as an Independent Non-Executive Director with effect from 1 August 2025. Harvey brings over three decades of distinguished experience in professional services, having enjoyed a 32- year career with Deloitte where he held progressively senior roles, including leading the Risk Advisory business and serving as Lead Partner Sustainability. For 20 years, he held senior executive and board positions within the firm, including 12 years as managing director of the Western Cape (South Africa). Harvey's extensive global business and transformation leadership experience spans diverse cultures and business environments, providing him with a comprehensive understanding of international business dynamics, including associated risks and opportunities. His previous board experience includes serving as Chair of African Talent (registered in South Africa), board director of Accelerate Property Fund Limited (Cape Town), and managing board member of Deloitte (Netherlands). Harvey holds a Bachelor of Arts (Geography) (Honours) from the University of Nottingham, England, and is a Chartered Accountant (UK) qualified with the Institute of Chartered Accountants in England and Wales. The Board of Altron Limited announced the appointment of Mr. Harvey Christophers ("Harvey") as an Independent Non-Executive Director with effect from 1 August 2025. Harvey brings over three decades of distinguished experience in professional services, having enjoyed a 32- year career with Deloitte where he held progressively senior roles, including leading the Risk Advisory business and serving as Lead Partner Sustainability. For 20 years, he held senior executive and board positions within the firm, including 12 years as managing director of the Western Cape (South Africa). Harvey's extensive global business and transformation leadership experience spans diverse cultures and business environments, providing him with a comprehensive understanding of international business dynamics, including associated risks and opportunities. His previous board experience includes serving as Chair of African Talent (registered in South Africa), board director of Accelerate Property Fund Limited (Cape Town), and managing board member of Deloitte (Netherlands). Harvey holds a Bachelor of Arts (Geography) (Honours) from the University of Nottingham, England, and is a Chartered Accountant (UK) qualified with the Institute of Chartered Accountants in England and Wales. Announcement • Jun 30
Altron Limited, Annual General Meeting, Jul 31, 2025 Altron Limited, Annual General Meeting, Jul 31, 2025. Location: altron campus, wpp auditorium, block d, woodlands office park, 20 woodlands drive, woodmead, South Africa Announcement • May 27
Altron Limited Announces Final Dividend for the Year Ended 28 February 2025, Payable on June 17, 2025 Altron Limited's Board approved a 52% increase in the final dividend to 50 cents per share (40.00 cents net of 20% dividend withholding tax) for the year ended 28 February 2025. The Board confirmed that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, as amended, has been duly considered, applied, and satisfied. This is a dividend as defined in the Income Tax Act, No. 58 of 1962 and is payable from income reserves. The income tax number of the Company is 9725149711. the last day to trade cum dividend is Tuesday, June 10, 2025; trading will commence ex-dividend on Wednesday, June 11, 2025; the record date is Friday, June 13, 2025; and the final dividend payment date is Tuesday, June 17, 2025. Announcement • May 13
Altron Limited Provides Earnings Guidance for the Fiscal Year Ended 28 February 2025 Altron Limited provided earnings guidance for the fiscal year ended 28 February 2025. For the period, the company’s earnings per share (EPS) from continuing operations is estimated to be between 151 cents and 180 cents, representing a range of an 59% and 66% an increase compared to EPS from continuing operations of 95 cents reported for the Comparative Period; and Group EPS is estimated to be between 100 cents and 105 cents, representing a increase of greater than 100% compared to Group EPS of (45) cents reported for the Comparative Period. Announcement • Feb 24
Altron Limited to Report Fiscal Year 2025 Results on May 26, 2025 Altron Limited announced that they will report fiscal year 2025 results on May 26, 2025 Announcement • Jan 29
Altron Limited Announces Changes to the Board Committees Structure Altron Limited announced that as part of the Board's ongoing efforts to optimise its governance structures, shareholders are advised of the following changes to the Altron Board committees structure, effective from 1 February 2025: The Nominations and Remuneration Committees will be combined into a single committee, henceforth referred to as the Nominations and Remuneration Committee (‘NomRemCom’) and with the following members: Dr. Phumla Mnganga (Chairperson - independent non-executive director); Mr. Grant Gelink (Member - independent non-executive director); Ms. Sharoda Rapeti (Member - independent non-executive director); and Mr. Tapiwa Ngara (Member - non-executive director). Mr. Antony Ball will step down from all Board committees but will remain as a Board member. Mr. Grigoris Kouteris will be appointed to the Investment Committee and Audit and Risk Committee, subject to confirmation by the shareholders of the Company at its next annual general meeting. Dr. Phumla Mnganga will be appointed as a member of the Social, Ethics, and Sustainability Committee, subject to confirmation by the shareholders of the Company at its next annual general meeting. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.09, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 106% over the past three years. Reported Earnings • Nov 07
First half 2025 earnings released: EPS: R0.75 (vs R0.15 in 1H 2024) First half 2025 results: EPS: R0.75 (up from R0.15 in 1H 2024). Revenue: R4.89b (down 1.5% from 1H 2024). Net income: R286.0m (up 402% from 1H 2024). Profit margin: 5.8% (up from 1.1% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 07
First half dividend of R0.40 announced Shareholders will receive a dividend of R0.40. Ex-date: 20th November 2024 Payment date: 25th November 2024 Dividend yield will be 42%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Oct 11
Altron Limited Provides Earnings Guidance for the Six Months Ended 31 August 2024 Altron Limited provided earnings guidance for the six months ended 31 August 2024. For the period, the company’s earnings per share (EPS) from continuing operations is estimated to be between 73 cents and 76 cents, representing a range of an 387% and 407% an increase compared to EPS from continuing operations of 15 cents reported for the Comparative Period; and Group EPS is estimated to be between 67 cents and 72 cents, representing a increase of between 177% and 183% compared to Group EPS of (87) cents reported for the Comparative Period. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Jul 31
Altron Limited to Report First Half, 2025 Results on Nov 04, 2024 Altron Limited announced that they will report first half, 2025 results on Nov 04, 2024 Announcement • Jun 29
Altron Limited, Annual General Meeting, Jul 31, 2024 Altron Limited, Annual General Meeting, Jul 31, 2024. Declared Dividend • May 22
Final dividend of R0.33 announced Shareholders will receive a dividend of R0.33. Ex-date: 5th June 2024 Payment date: 10th June 2024 Dividend yield will be 61%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 89% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.3% EPS decline seen over the last 5 years. Reported Earnings • May 21
Full year 2024 earnings released: EPS: R1.08 (vs R0.36 in FY 2023) Full year 2024 results: EPS: R1.08 (up from R0.36 in FY 2023). Revenue: R8.34b (down 13% from FY 2023). Net income: R433.0m (up 221% from FY 2023). Profit margin: 5.2% (up from 1.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 18
Altron Limited Updates Earnings Guidance for the Year Ended 29 February 2024 Altron Limited updated earnings guidance for the year ended 29 February 2024. For the year, the company expects Earnings per share (EPS) from continuing operations is estimated to be between 107 cents and 109 cents, representing an increase of between 45% and 47% compared to 74 cents reported for the year ended 28 February 2023; and Group EPS is forecast to be (43) cents when compared to (1) cents reported for the year ended 28 February 2023. New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (123% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Announcement • Feb 28
Altron Limited Provides Earnings Guidance for the First Half of Fiscal Year 2024 Altron Limited provided earnings guidance for the first half of fiscal year 2024. For the period, the company expects Group HEPS is estimated to be between (21) cents and (16) cents, compared to Group HEPS of 29 cents reported for the Comparative Period, largely impacted by the Non-Cash Adjustments raised in H1 FY24; Group EPS is forecast to be at least (35) cents lower when compared to Group EPS of (1) cents reported for the Comparative Period, largely impacted by the Non-Cash Adjustments raised in H1 FY24. Announcement • Feb 27
Altron Limited to Report Fiscal Year 2024 Results on May 20, 2024 Altron Limited announced that they will report fiscal year 2024 results on May 20, 2024 Upcoming Dividend • Nov 24
Upcoming dividend of R0.25 per share at 3.6% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 04 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 17
First half 2024 earnings released: EPS: R0.38 (vs R0.38 in 1H 2023) First half 2024 results: EPS: R0.38 (down from R0.38 in 1H 2023). Revenue: R4.34b (up 4.1% from 1H 2023). Net income: R142.0m (flat on 1H 2023). Profit margin: 3.3% (down from 3.4% in 1H 2023). Announcement • Nov 15
Altron Limited Announces Interim Dividend for the Six Months Ended 31 August 2023, Payable on 4 December 2023 Altron Limited announced that an interim dividend of 25.0339 cents per share (20.02712 cents net of 20% dividend withholding tax) has been declared for the six months ended 31 August 2023, payable to shareholders recorded in the register of the Company at the close of business on the record date. Last day to trade cum dividend is on 28 November 2023; Commence trading ex-dividend on 29 November 2023; Record date is on 1 December 2023; Interim Dividend Payment date on 4 December 2023. Recent Insider Transactions • Aug 18
Independent Non-Executive Director recently bought €7.6k worth of stock On the 10th of August, Grant Gelink bought around 20k shares on-market at roughly €0.38 per share. This transaction increased Grant's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jul 26
Altron Limited Provides Earnings Guidance for the Six Months Ending 31 August 2023 Altron Limited provided earnings guidance for the six months ending 31 August 2023. For the period, the company’s earnings per share (EPS) from continuing operations is estimated to be between 33 cents and 40 cents, representing a range of an 11% decrease and an 8% increase compared to EPS from continuing operations of 37 cents reported for the Comparative Period; and Group EPS is estimated to be between (86) cents and (81) cents, representing a decrease of between 457% and 437% compared to Group EPS of 24 cents reported for the Comparative Period. Announcement • Jun 30
Altron Limited, Annual General Meeting, Jul 27, 2023 Altron Limited, Annual General Meeting, Jul 27, 2023, at 09:00 South Africa Standard Time. Upcoming Dividend • May 24
Upcoming dividend of R0.19 per share at 4.8% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 05 June 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.2%). Announcement • May 17
Altron Limited Declares Final Dividend for the Financial Year Ended 28 February 2023, Payable on 5 June 2023 Altron Limited declares final dividend of 19 cents per share (15.20000 cents net of 20% dividend withholding tax) for the financial year ended 28 February 2023, payable on 5 June 2023. Record date is 2 June 2023 and Commence trading ex-dividend is 31 May 2023. Announcement • Feb 01
Altron Limited Appoints Mbali Ngcobo as Company Secretary Altron Limited announced that Ms. Mbali Ngcobo has been appointed as Altron's Company Secretary with effect from 1 February 2023. Ms. Ngcobo is an admitted attorney of the High Court with approximately 5 years of corporate law and company secretarial experience, having served in various capacities in listed corporates including, as Manager: Legal Counsel - Company Secretarial at Massmart, Company Secretary: Operations and more recently, as the Interim Company Secretary at Altron. Ms. Ngcobo holds a Bachelor of Laws (LLB Degree) from the University of KwaZulu Natal and a Masters in Corporate Law from the University of Pretoria. The Board is satisfied that Ms. Ngcobo has the requisite knowledge and experience to fulfil the role of Company Secretary and wishes her great success. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Sharoda Rapeti was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
First half 2023 earnings released: EPS: R0.36 (vs R0.094 in 1H 2022) First half 2023 results: EPS: R0.36 (up from R0.094 in 1H 2022). Revenue: R4.62b (up 30% from 1H 2022). Net income: R138.0m (up 294% from 1H 2022). Profit margin: 3.0% (up from 1.0% in 1H 2022). Revenue is expected to decline by 2.0% p.a. on average during the next 2 years, while revenues in the IT industry in Germany are expected to grow by 10%. Announcement • Oct 25
Altron Hires Grant Fraser as Managing Director for Subsidiary Netstar Altron has appointed Grant Fraser as managing director for subsidiary Netstar with effect from January 2023. Announcement • Oct 14
Altron Limited Appoints Collin Govender as its Managing Director of Altron Systems Integration Altron has appointed Collin Govender as its managing director of Altron Systems Integration, effective 1 October 2022. In his new role, Govender will retain oversight of Altron Karabina, putting an operational structure in place to ensure the continued growth trajectory of the business. Having joined Altron in June 2017 as group executive: shared services rising to the position of group chief information officer, Govender was appointed managing director of Altron Karabina in January 2021. Over the past 18 months, he has successfully managed to turn around this business. Altron Systems Integration is central to this plan which will enables the company to optimallydeliver security, data and cloud solutions and services to the customers. Govender drove the re-structuring of Altron Karabina to simplify the operating model and renegotiated troubled contracts to bring it back to profitability yielding 47% growth in revenue and 200% in operating income in the last financial year. Govender has more than 25 years of experience and joined Altron from a German multinational where he was Vice President: Sales and Service Management. Over the years, he has acquired exposure in many business areas and has driven turnarounds in systems integration, human resources, application development and outsourcing.Govender has completed an executive programme through Harvard Business School and attended several executive development programmes run by Deutsche Telkom. Announcement • Oct 11
Altron Limited to Report Q2, 2023 Results on Oct 24, 2022 Altron Limited announced that they will report Q2, 2023 results on Oct 24, 2022 Announcement • Sep 03
Altron Limited Appoints Werner Kapp as CEO Altron Limited has announced the appointment of Werner Kapp as group chief executive, effective 1 October 2022. Kapp was at Dimension Data where over a twenty-two-year period, he held various roles as chief executive officer (Middle East and Africa), chief operating officer (Middle East and Africa) and regional executive. As Dimension Data's regional executive for the Eastern Cape, Western Cape, and Gauteng regions, he led the best performing regions for the company. Kapp holds a law degree from the Nelson Mandela University and a master s degree in Business Leadership from the Unisa School of Business. He has a global leadership development certification from the IMD Business School in Lausanne, Switzerland. Announcement • Jul 02
Altron Limited, Annual General Meeting, Jul 28, 2022 Altron Limited, Annual General Meeting, Jul 28, 2022, at 09:00 South Africa Standard Time. Reported Earnings • Jun 08
Full year 2022 earnings released: EPS: R0.20 (vs R0.29 in FY 2021) Full year 2022 results: EPS: R0.20 (down from R0.29 in FY 2021). Revenue: R7.99b (up 5.7% from FY 2021). Net income: R73.0m (down 32% from FY 2021). Profit margin: 0.9% (down from 1.4% in FY 2021). Upcoming Dividend • May 25
Upcoming dividend of R0.23 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 06 June 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.4%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Non-Executive Director Phumla Mnganga was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Altron Limited Announces Executive Changes Altron Limited appointed Stewart van Graan as executive chairman and acting chief executive as Mteto Nyati departs. Recent Insider Transactions • Feb 04
CEO & Executive Director recently sold €466k worth of stock On the 2nd of February, Mteto Nyati sold around 957k shares on-market at roughly €0.49 per share. This was the largest sale by an insider in the last 3 months. Mteto has been a seller over the last 12 months, reducing personal holdings by €1.1m. Reported Earnings • Oct 27
First half 2022 earnings released: EPS R0.094 (vs R0.10 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: R3.56b (up 1.4% from 1H 2021). Net income: R35.0m (up R73.0m from 1H 2021). Profit margin: 1.0% (up from net loss in 1H 2021). Executive Departure • Sep 15
Independent Non-Executive Director Berenice Francis has left the company On the 10th of September, Berenice Francis' tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Berenice's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.29 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Aug 04
Independent Non-Executive Chairman Michael Leeming has left the company On the 28th of July, Michael Leeming's tenure as Independent Non-Executive Chairman ended. As of March 2021, Michael still personally held 400.56k shares (€234k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Jun 11
CEO & Executive Director recently sold €680k worth of stock On the 8th of June, Mteto Nyati sold around 970k shares on-market at roughly €0.70 per share. This was the largest sale by an insider in the last 3 months. This was Mteto's only on-market trade for the last 12 months. Executive Departure • Jun 03
Chief Operating Officer Andrew Holden has left the company On the 31st of May, Andrew Holden's tenure as Chief Operating Officer ended. As of March 2021, Andrew still personally held 159.51k shares (€93k worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.17 years. Reported Earnings • May 20
Full year 2021 earnings released: EPS R0.23 (vs R1.84 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: R7.45b (down 56% from FY 2020). Net income: R86.0m (down 87% from FY 2020). Profit margin: 1.2% (down from 4.1% in FY 2020). 
