<\/p>\n
Bidvest says the improved momentum reported at half-year accelerated into full-year earnings, with every division delivering trading profit growth in its financial results for the year ended 30 June 2026.<\/p>\n
This is evident from profitability to cash generation reported in a Sens on Monday, where the group posted revenue growth of 2.9% and \u201cpleasing\u201d gross margin expansion. Its trading profit margin expanded 50 basis points to 10%.<\/p>\n
Cash generated from operations increased by 16.9%, from R2.5 billion to R17.2 billion. Free cash generated increased nearly 27%.<\/p>\n
This, together with strong treasury management, puts the trading and distribution group at a gearing ratio of 1.9x (from 2.2x in the previous reporting period) without the planned capital recycling proceeds.<\/p>\n
Continuing operations headline earnings per share (Heps) grew by 6% to 1 864.2 cents, while group basic earnings per share (EPS) increased from 1 785.5 cents to 1 808.4 cents.<\/p>\n
\u201cThis performance reflects clear delivery against our FY2026 (financial year 2026) commitments,\u201d the company says.<\/p>\n
Read: Bidvest lifts interim earnings, raises dividend<\/p>\n
The group declared a final dividend of 483 cents per share, 6.6% higher year on year. The net dividend sits at 386.4 cents, withholding tax.<\/p>\n
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Bidvest share price<\/p>\n
Prospects<\/p>\n
Bidvest says it enters the 2027 cycle with positive operating momentum and a strengthened platform for sustainable growth.<\/p>\n
The group\u2019s near-term priorities remain unchanged: accelerate organic growth, enhance cash generation, reduce leverage and rebuild returns.<\/p>\n
\u201cWe acknowledge the impact of competitive pricing and related margin pressure, energy price instability, and muted industrial demand in South Africa.<\/p>\n
\u201cThe growth outlook will, however, be supported by structural demand in hygiene, TIC (testing, inspection and compliance) services, hospitality and inbound tourism,\u201d the group says.<\/p>\n
Read:
Is SA pricing itself out of global manufacturing markets because of energy costs?
Eskom needs protection against competition, says Ramokgopa<\/p>\n
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The JSE-listed firm adds that capital allocation will remain conservative, with no material M&A (merger and acquisition) planned in the near term.<\/p>\n
Free cash flow, disposal proceeds and capital recycling is set to continue to be directed to reducing debt, while growth capital will be allocated to expanding country-critical port terminal capacity, mobilising new contracts and building scale in North America.<\/p>\n
The board has approved R2.5 billion growth capital expenditure in freight.<\/p>\n
This capex relates to the construction of a second LPG terminal in the Port of Richards Bay and expanded bulk grain and liquid capacity in the Port of Durban.<\/p>\n
Construction will commence once close out conditions have been finalised.<\/p>\n
Read: New crisis at Durban port prompts calls for urgent action<\/p>\n
#Bidvest #hikes #dividend #divisions #deliver #trading #profit #growth<\/p>\n","protected":false},"excerpt":{"rendered":"
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