Wrap Text
Results for the year ended 30 June 2025 and final dividend
AVI LIMITED
Registration number: 1944/017201/06
JSE and A2X share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group" or "the Company")
RESULTS FOR THE YEAR ENDED 30 JUNE 2025, AND FINAL DIVIDEND
Key statistics and features
% change
Revenue 1,0
Gross profit 3,4
Operating profit 7,8
Headline earnings 6,4
Headline earnings per share 6,1
Earnings per share 7,3
- Sound performance off a strong base in a weak demand environment
- Group revenue increased by 1,0%
- Group gross profit margin improved by 2,4%
- Fashion retail portfolio impacted by supply chain issues in first semester and closure of Green Cross retail
- I&J fishing performance improved but partly offset by poor abalone demand and constrained selling prices
- Strong innovation delivered incremental volume growth in key categories
- R42,0 million invested in Group restructuring initiatives to deliver value in F26
- Group operating profit for the year increased by 7,8% off 21,7% prior year growth
- Group operating margin improved by 6,7%
- Headline earnings per share up 6,1% to 729,1 cents
- Sustained robust cash generation
- Capital expenditure of R601,0 million
- Final dividend of 406 cents per share and total normal dividend up 6,1% to 626 cents per share
- Return on capital employed of 34,9% for the 12 months to June 2025
- Dividend yield of 6,7% on 30 June 2025 closing share price
This short-form announcement is the responsibility of the directors and is only a summary of the information in
the audited consolidated annual financial statements for the year end 30 June 2025 ("2025 AFS").
Any investment decision should be based on the 2025 AFS released on 8 September 2025.
The 2025 AFS can be found
- On the JSE's website at https://senspdf.jse.co.za/documents/2025/jse/isse/AVI/AVIF25.pdf
- On the Company's website at https://www.avi.co.za/investor/results-and-presentations/current-year
The summarised consolidated results and further commentary is also available on the Company's website at
https://www.avi.co.za/investor/results-and-presentations/current-year.
Copies of the full announcement and the 2025 AFS may also be requested at the Company's registered office and
offices of our sponsor, at no charge, during office hours.
Report of the independent auditors
The summarised consolidated annual financial statements for the year ended 30 June 2025 have been audited by
Ernst & Young Inc., who expressed an unmodified opinion thereon. The auditor also expressed an unmodified opinion
on the consolidated annual financial statements from which the summarised annual consolidated financial
statements were derived. The consolidated annual financial statements and auditor's report, including key audit
matters, are available on the Company's website http://www.avi.co.za.
Final dividend
Notice is hereby given that a gross final ordinary dividend No. 107 of 406 cents per share for the year ended
30 June 2025 has been declared payable to shareholders of ordinary shares. The dividend has been declared out
of income reserves and will be subject to dividend withholding tax at a rate of 20%. Consequently, a net final
dividend of 324,8 cents per share will be distributed to those shareholders who are not exempt from paying
dividend tax. In terms of dividend tax legislation, the dividend tax amount due will be withheld and paid over
to the South African Revenue Services by a nominee company, stockbroker or Central Securities Depository
Participant ("CSDP") (collectively "regulated intermediary") on behalf of shareholders. However, all shareholders
should declare their status to their regulated intermediary, as they may qualify for a reduced dividend tax rate or
exemption. AVI's issued share capital at the declaration date is 340 146 466 ordinary shares. AVI's tax reference
number is 9500/046/71/0. The salient dates relating to the payment of the dividend are as follows:
Last day to trade cum dividend on the JSE Tuesday, 14 October 2025
First trading day ex dividend on the JSE Wednesday, 15 October 2025
Record date Friday, 17 October 2025
Payment date Monday, 20 October 2025
In accordance with the requirements of Strate Limited, no share certificates may be dematerialised or rematerialised
between Wednesday, 15 October 2025, and Friday, 17 October 2025, both days inclusive.
Dividends in respect of certificated shareholders will be transferred electronically to shareholders' bank accounts
on payment date. Following the discontinuation of cheque payments by most South African banks, AVI no longer issue
cheques and all payments will only be made into a nominated bank account by electronic funds transfer. Shareholders
who have not yet provided their bank account details to Computershare Investor Services Proprietary Limited are
reminded to contact Computershare on 0861 100 950 with their bank account details into which the dividends can be
paid electronically. Shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited on Monday, 20 October 2025.
By order of the Board
Mike Watters Simon Crutchley
Chairman CEO
8 September 2025
Sponsor
The Standard Bank of South Africa Limited
Date: 08-09-2025 07:05:00
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