Wrap Text
RESULTS FOR THE YEAR ENDED 30 JUNE 2026, AND FINAL AND SPECIAL 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 2026, AND FINAL AND SPECIAL DIVIDEND
Key statistics and features
% change
Revenue 1,4
Gross profit 0,8
Operating profit 4,4
Headline earnings 6,0
Headline earnings per share 5,3
Earnings per share 4,8
- Resilient performance in a challenging trading environment
- Q4 sales materially impacted by the threat of unrest over the 30 June national protest action
- Group revenue increased by 1,4%
- Group operating profit increased by 4,4%
- Group operating profit margin improved to 22,9%
- Creamer category competition intensified, preventing a repeat of prior year's exceptional profit
- I&J's fishing operating profit improved by 47,5% to R395,6 million
- Abalone profit impacted by the R84,0 million non-cash biological asset revaluation
- Fashion retail brands like-for-like revenue growth of 8,3% with volume growth in key brands
- R110,3 million benefit from ongoing cost management and restructuring initiatives
- Headline earnings per share up 5,3% to 767,9 cents
- Strong cash generation supported a reduction in net debt
- Capital expenditure of R387,2 million to support innovation, capability and product quality
- Final dividend of 418 cents per share and total normal dividend up 5,9% to 663 cents per share
- Special dividend of 300 cents per share
- Dividend yield of 9,6% on 30 June 2026 closing share price
- Return on capital employed of 35,7% for the 12 months to June 2026
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 ended 30 June 2026 ("2026 AFS"). Any investment decision
should be based on the 2026 AFS released on 7 September 2026.
The 2026 AFS can be found on:
- the JSE's website at https://senspdf.jse.co.za/documents/2026/jse/isse/AVI/AVIF26.pdf
- the Company's website at https://www.avi.co.za/investor/results-and-presentations/current-year
The summarised consolidated results and further commentary are 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 2026 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 2026 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 www.avi.co.za.
Final and special dividend
Notice is hereby given that a gross final normal dividend No. 109 of 418 cents per share for the year ended
30 June 2026 and a gross special dividend No. 110 of 300 cents per share have been declared payable to shareholders of
ordinary shares. Both dividends have been declared out of income reserves and will be subject to dividend withholding
tax at a rate of 20%. Consequently, a net final normal dividend of 334,4 cents per share and a net special dividend of
240 cents per share will be distributed to those shareholders who are not exempt from paying dividend tax. The special
dividend is subject to Exchange Control approval. A further announcement will be released on SENS once Exchange Control
approval has been obtained. In terms of dividend tax legislation, the dividend tax amount due will be withheld and paid
over to the South African Revenue Service 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 341 649 966 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:
Finalisation date Tuesday, 6 October 2026
Last day to trade cum dividend on the JSE Tuesday, 13 October 2026
First trading day ex dividend on the JSE Wednesday, 14 October 2026
Record date Friday, 16 October 2026
Payment date Monday, 19 October 2026
In accordance with the requirements of Strate Limited, no share certificates may be dematerialised or rematerialised
between Wednesday, 14 October 2026, and Friday, 16 October 2026, 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 issues 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, 19 October 2026.
By order of the Board
Mike Watters Simon Crutchley
Chairman CEO
7 September 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 07/09/2026 07:05:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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