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As reported at the 29 February 2024 year-end results, the successful implementation of the profit improvement strategies and target operating models in Altron's operations led to improved performance in the second half of the 2024 financial year. This positive momentum has continued into the 2025 financial year, resulting in a stronger performance in comparison to H1 FY24, which was negatively impacted by provisions and impairments.
Reported continuing operations revenue was down 2%, impacted by the sale of the ATM Business. EBITDA improved 49% to R905 million with operating profit growing over 100% to R477 million. Improvement in profitability was driven largely by the Platforms segment which delivered a 37% increase in EBITDA and 47% increase in operating profit. HEPS increased to 79 cents from 28 cents, with EPS at 75 cents, up from 15 cents last year.
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