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Remgro (REM) investor relations material
Remgro H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Headline earnings increased by 38.6% year-over-year to ZAR 7.8 billion, with headline earnings per share up 38.4% to ZAR 14.09.
Ordinary dividend increased by 30.3% to ZAR 3.44 per share, with a special dividend of ZAR 2 per share declared, funded by the BAT share sale.
Balance sheet fully de-geared, creating capacity for new investments and growth.
Portfolio simplification advanced with the unbundling of eMedia Investments, disposal of BAT and other holdings, and pursuit of the CIVH/Vodacom deal.
Portfolio companies OUTsurance, Mediclinic, RCL Foods, and RAINBOW delivered strong operational improvements.
Financial highlights
Headline earnings rose to ZAR 7.8 billion from ZAR 5.6 billion year-over-year.
Dividends received at the center increased to ZAR 3.87 billion, up 23.6% year-over-year.
Total dividend for the year is ZAR 3.44 per share, up 30.3%, with a special dividend of ZAR 2 per share.
Net cash increased by ZAR 4.04 billion, mainly from asset disposals and debt redemption.
Intrinsic net asset value (INAV) increased 16.7% to ZAR 162.5 billion, with INAV per share up 16.5%.
Outlook and guidance
Positive earnings momentum continued into the first months of the new financial year.
Focus remains on portfolio simplification, disciplined capital allocation, and ESG integration.
Market conditions remain challenging, but management is confident in sustainable growth and cash generation.
Ongoing strategic priorities: performance optimization, considered capital allocation, and ESG leadership.
ESG action and enhanced climate reporting to be embedded across the group.
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