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Altron Limited (AEL) investor relations material
Altron Limited H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong half-year performance to August 2025, with EBITDA up 4% and operating profit up 15% despite a 1% revenue decline, driven by robust platform business growth and disciplined strategy execution.
Headline earnings per share (HEPS) rose 22% and EPS increased 12% year-over-year.
Interim dividend increased by 20% to ZAR 0.48 per share, reflecting improved profitability and cash generation.
Sale of Altron Nexus completed on 1 August 2025, impacting group revenue and EPS.
Financial highlights
Revenue from continuing operations was R4.8bn, down 1% year-over-year; EBITDA increased 4% to R938m; operating profit up 15% to R549m.
HEPS from continuing operations up 22% to 96c, EPS up 12% to 84c; group HEPS up 18%, group EPS down 6% due to Nexus disposal loss.
Cash generated from operations rose 7% to R784m; net cash of R324m after loan and dividend payments.
Gross margin expanded to 42% over two years, reflecting a shift to higher-margin platform businesses.
Capital expenditure totaled R370m, with 92% allocated to growth initiatives.
Outlook and guidance
Medium-term operating profit margin target for platform businesses raised to above 22%; IT services target above 7%.
Netstar targeted for operating profit margins above 18%, supported by depreciation policy changes.
Dividend policy to continue at a minimum 50% of headline earnings per share.
Operating environment expected to remain constrained, with focus on margin expansion and shareholder returns.
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