Latest results

ALTRON DELIVERS ANOTHER YEAR OF STRONG GROWTH IN PROFITABILITY

Altron delivered a solid financial performance for the year, with continued execution of its strategy and a focus on higher-margin, quality revenue supporting improved profitability. Operating leverage supported a 27% increase in EBITDA to R1.8 billion and a 50% increase in operating profit to R972 million. The Platforms segment, where the Group has allocated capital to support strategic growth, underpinned this performance, delivering a 12% increase in revenue, a 23% increase in EBITDA and a 30% increase in operating profit. HEPS increased to 178 cents from 103 cents, with EPS at 156 cents, up from 95 cents last year.

Commenting on the results, CEO Werner Kapp said, "This year's strong results reflect the disciplined execution of our strategy, despite heightened economic and political uncertainty. Our high annuity revenue base provides a solid foundation, with our Platforms segment remaining a key growth driver, delivering double-digit revenue and profit growth. This consistent performance has strengthened our financial position and enabled us to deliver meaningful value to our shareholders."