SepHold FY 2024: Revenue Up 19%, Net Profit Up 158%

By / June 27, 2024

  • SepHold reports 19% increase in FY 2024 revenue, reaching R1,164 million.
  • Net profit after tax jumps 158% to R67 million compared to FY 2023.
  • Métier and SepCem show significant improvements in EBITDA and profitability.

Sephaku Holdings Limited (SepHold) has announced its audited financial results for the year ended 31 March 2024 (FY 2024). The group includes SepHold, Métier Mixed Concrete (Pty) Ltd (Métier), and Dangote Cement SA (Pty) Ltd (SepCem). The company reported significant growth in revenue and profitability across its operations.

Group Financial Highlights

Revenue and Profitability

SepHold’s group consolidated revenue reached R1,164 million, up from R981 million in FY 2023. The net profit after tax increased to R67 million, a substantial rise from R26 million in the previous year.

MetricFY 2024FY 2023
Consolidated RevenueR1,164 millionR981 million
Net Profit After TaxR67 millionR26 million
Basic Earnings Per Share26.54 cents10.05 cents
Headline Earnings Per Share25.71 cents9.66 cents
Normalised Headline Earnings25.87 cents10.21 cents

Métier Performance

Métier, a wholly-owned subsidiary of SepHold, also showed robust financial performance. EBITDA for Métier rose to R133 million, compared to R98 million in FY 2023. The EBITDA margin improved from 10.0% to 11.5%.

MetricFY 2024FY 2023
EBITDAR133 millionR98 million
EBITDA Margin11.5%10.0%
Net Profit After TaxR69 millionR43 million

SepCem Performance

SepCem, an associate of SepHold with a December year-end, reported significant improvements. Sales revenue increased to R2.8 billion from R2.5 billion in FY 2023. EBITDA for SepCem reached R361 million, up from R279 million, with the EBITDA margin rising to 12.8% from 11.4%.

MetricFY 2024FY 2023
Sales RevenueR2.8 billionR2.5 billion
EBITDAR361 millionR279 million
EBITDA Margin12.8%11.4%
Net Profit After TaxR42 million-R4 million

Conclusion

SepHold has demonstrated strong financial performance in FY 2024, with significant growth in revenue and profitability. The company’s strategic investments in Métier and SepCem continue to yield positive results. Investors and shareholders are encouraged to review the full financial announcement for comprehensive details.