Wrap Text
Audited results for the year ended 31 March 2025
Omnia Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1967/003680/06
JSE code: OMN
LEI NUMBER: 529900T6L5CEOP1PNP91
ISIN: ZAE000005153
(Omnia or the Company)
Audited results for the year ended 31 March 2025
"Omnia delivered a strong performance across our core businesses, with Mining, Agriculture RSA, and a significantly improved performance in
Agriculture International driving solid earnings and cash flows. Our team executed the Group's strategy with precision, reinforcing the
competitiveness of our operations, expanding our global presence, and maintaining strict capital discipline. Despite persistent macroeconomic
headwinds, Omnia delivered sustained profitability and continued to create long-term value for shareholders. This performance reflects the strength,
quality, and growing diversity of our portfolio, underpinned by a sharpened focus on manufacturing efficiency, supply chain resilience, and
customer-driven innovation. The increased ordinary dividend payout, and special dividend declared is a clear signal of our confidence in the
sustainability of our earnings and the successful execution of our growth and diversification strategy. As we look ahead, we remain committed to
scaling our impact by supporting food security, enabling economic development through efficient mineral extraction, and advancing ESG priorities
to build a more sustainable and growing business for the future." - Seelan Gobalsamy (CEO)
ESG HIGHLIGHTS
FY25
- Recordable case rate (number of recordable cases or injuries relative to 200 000 working/exposure hours) increased to 0.2 (FY24: 0.05)
- CO2 intensity (per tonne manufactured) decreased to 0.034 (FY24: 0.040)
- Renewable energy use (solar generation output in MWh) increased to 20 109 (FY24: 12 976)
- Water recycled or reused (megalitres) increased to 194 (FY24: 182)
- Energy use efficiency (net) (gigajoules per tonne manufactured) unchanged 0.26 (FY24: 0.26)
- Water use efficiency (kilolitres per tonne manufactured) decreased to 0.40 (FY24: 0.41)
- B-BBEE rating Level 2 (FY24: Level 2)
- Global Credit Rating: long term A+, short term: A1, both with stable outlook (FY24: long term A+, short term: A1 both with stable outlook)
FINANCIAL INDICATORS
FY25
- Revenue increased 3% to R22 818 million (FY24: R22 219 million)
- Operating profit* maintained at R1 698 million (FY24: R1 703 million)
- HEPS increased 1% to 704 cents (FY24: 699 cents)
- Total shareholders distribution# of R1 267 million (FY24: R1 332 million)
- Strong net cash## position of R1 770 million (FY24: R2 301 million)
- EBITDA** of R2 302 million (FY24: R2 308 million)
- Net asset value of R10 428 million (FY24: R10 820 million)
- EPS of 692 cents (FY24: 705 cents)
- Disciplined net working capital management: R3 426 million (FY24: R3 604 million)
- Operating margin*# of 7.4% (FY24: 7.7%)
- Ordinary dividend of 400 cents (FY24: 375 cents)*#*
- Special dividend of 275 cents (FY24: 325 cents)*#*
* Excluding Chemicals restructuring costs, operating profit increased from FY24 by 6% to R1 797 million.
# Total shareholders distribution includes an ordinary dividend totalling R649 million (FY24: R619 million), a special dividend totalling
R446 million (FY24: R537 million) and shares repurchased during the year for R172 million (FY24: R176 million).
## Excluding lease liabilities.
** EBITDA is a Non-IFRS measure. Excludes impairments of R13 million (FY24: R nil). Excluding Chemicals restructuring costs, EBITDA increased
from FY24 by 4% to R2 401 million.
*# Excluding Chemicals restructuring costs, operating margin increased from FY24 by 3% to 7.9%.
*#* An announcement relating to the salient dates and the tax treatment of the ordinary and special dividend will be released on SENS.
SEGMENTAL HIGHLIGHTS
Agriculture
- Revenue down 2% to R11 541 million
- Operating profit up 3% to R981 million
- Operating margin up 5% to 8.5%
The Agriculture segment reported a resilient performance against a challenging operating backdrop marked by adverse weather conditions, supply
chain and infrastructure challenges, currency volatility, and other economic headwinds. Operational agility, a favourable product mix, and
stable albeit lower commodity prices supported the overall performance.
The Group's integrated manufacturing and supply chain capabilities played a pivotal role in achieving these results by improving responsiveness,
driving cost efficiency and ensuring consistent product availability across key markets.
Agriculture RSA achieved increased volumes with demand underpinned by Omnia's differentiated Nutriology(R) model, favourable agronomic conditions,
targeted marketing initiatives and enhanced operational agility. Agriculture International reported robust domestic volumes in Australia and
increased exports, supported by growing demand for biostimulants and continued investment in the development of its distribution capability.
Both operating profit and operating margins increased, benefiting from growth in volumes, greater margin extraction in South Africa, supported
by relatively stable albeit lower commodity prices, higher manufacturing output, and efficiency improvements in the Manufacturing and Supply
chain capabilities. Margins were further supported by the strong performance of the International business, which continued to deliver healthy
returns. The positive performance was however partially offset by difficulties experienced in the Rest of Africa, due to tough economic
conditions, foreign exchange movements and heightened debtor risk.
Expected improvements in agronomic conditions across key operating regions support a positive outlook. Omnia's robust manufacturing and supply
chain capabilities will continue to be a critical enabler of operational delivery and customer supply reliability, particularly in light of
logistics and utility infrastructure constraints in South Africa. Omnia's proprietary Nutriology(R) model remains central to its value
proposition. The operating environment across the Rest of Africa remains complex and the Group will continue implementing operating model
changes and pursuing strategic initiatives to position these businesses favourably. Agriculture International is expected to deliver growth
through its expanding AgriBio offering, underpinned by the expansion of its wholesale distribution footprint and expansion in volumes for both
existing and new customers.
Mining
- Revenue up 10% to R9 121 million
- Operating profit up 13% to R1 129 million
- Operating margin up 2% to 12.4%
The Mining segment continued on its robust growth trajectory, delivering increased volumes, improved profitability, and enhanced margins, with
both Mining RSA and Mining International contributing positively to the results. Solid operational execution, ongoing cost optimisation efforts
and continued success of the global diversification strategy underpin the performance, which was achieved despite a challenging macroeconomic
environment characterised by infrastructure constraints and periodic adverse weather conditions.
Security of supply to customers was maintained throughout the year with SADC continuing to grow volumes. The operations in Indonesia, West Africa,
and the SADC region as well as BME Metallurgy contributed to increased revenues. Revenue growth was further supported by multiple contract wins
and extensions secured in South Africa and across the SADC region. The rise in operating profit and in margins to above the guided range, was
driven by strong growth in South Africa, Indonesia and West Africa, and was partially offset by the loss of a contract in Canada.
The MNK joint venture (JV) in Indonesia secured new contracts while the business in Canada completed the commissioning of its detonator
facilities. The strategic partnership with Hypex Bio advanced well with the hydrogen peroxide emulsion plant under construction and local market
trials expected to commence in the second half of FY26. In Australia, infrastructure development remains on track, with strategic partnership
discussions ongoing.
The Mining segment is well-positioned for continued growth across its primary markets. In South Africa, although sector pressures persist, the
business is focused on driving organic growth. Increased demand for uranium, copper, and green metals is expected to drive mining volumes in the
SADC region, while operational efficiencies and profitability will be prioritised in West Africa amidst ongoing regional risks.
The Indonesian JV continues to focus on gaining new business and diversifying across commodities. In Australia, the detonator production facility
will be commissioned during the year. In Canada, the focus remains on executing the market strategy including through the ramp up of new detonator
facilities. The introduction of the hydrogen peroxide emulsion plant in Canada marks a significant strategic advancement, and will set the
foundation for rollout to other primary markets. The international growth of BME Metallurgy is firmly underway, with the uranium sector in Namibia
presenting notable opportunities.
Chemicals
- Revenue up 2% to R2 156 million
- Operating loss of R133 million
- Operating margin down more than 100% to (6.2%)
The Chemicals segment faced ongoing challenges in both global and domestic manufacturing markets, including subdued economic growth, weak demand,
and increasing competitive pressures. While the Group has made several efforts over time to address these issues, a comprehensive strategic review
was undertaken in FY25 and a decision taken to significantly restructure the segment. Restructuring costs of R99 million were incurred during the
period. Key measures included site and product rationalisation, the separation of the profitable Water Care business which is being held for sale,
and the integration of the profitable Chemicals trading business into the broader Omnia Group. These actions, which are expected to be completed
in FY26, aim to realign the segment with prevailing market demands, improve operational efficiency, and support longterm sustainability and growth.
South African Revenue Service (SARS)
On 30 September 2022, SARS partially allowed our objection to the additional tax assessments raised in respect of the Group's 2014 to 2016 years
of assessment, resulting in a nominal reduction in the original tax assessments raised by SARS. The Group disagrees with SARS' findings and lodged
an appeal against the revised assessments indicating our willingness to participate in Alternative Dispute Resolution (ADR) proceedings.
On 17 February 2023, SARS confirmed that the matter was appropriate for ADR, suspending the appeal until the ADR process is concluded. While a
final resolution to the matter has not yet been reached, the Group has engaged extensively with SARS throughout FY25 and anticipates that the ADR
proceedings, which are at an advanced stage, will conclude in the near term. Should the ADR process not result in a satisfactory resolution, the
Group will advance its appeal by seeking adjudication by the courts if necessary.
SHORT FORM ANNOUNCEMENT
This announcement is the responsibility of the directors and is only a summary of information in the audited consolidated annual financial
statements for the year ended 31 March 2025 of Omnia Holdings Limited and its subsidiaries (FY25 AFS) and does not contain full or complete
details. Any investment decisions by investors and/or shareholders should be based on the FY25 AFS which were published on SENS on 9 June 2025
and which are available at the following link https://senspdf.jse.co.za/documents/2025/JSE/ISSE/OMN/FY25.pdf and published on the Company's website
on the following link: https://omnia.co.za/media/omnia-sens-announcement-afs-fy2025.pdf
The FY25 AFS, including the audit opinion of the external auditor, Deloitte & Touche, which sets out the key audit matter and basis of its
unmodified opinion, are available on the Company's website on https://omnia.co.za/media/omnia-audited-annual-financial-statements-FY2025.pdf.
This announcement itself is not audited, but is extracted from the FY25 AFS. Omnia also voluntarily publishes supplementary information to the
FY25 AFS, which includes, inter alia, directors' commentary and outlook and is available at the Company's website at the following link:
https://omnia.co.za/media/omnia-annual-financial-results-long-form-FY2025.pdf
Executive directors
T Gobalsamy (chief executive officer), S Serfontein (finance director)
Non-executive directors
T Eboka (chair), Prof N Binedell, R Bowen (British), G Cavaleros, S Mncwango, T Mokgosi-Mwantembe, W Plaizier (Dutch), R van Dijk
Company secretary
S Mdluli
JSE sponsor
Java Capital
Date of announcement
9 June 2025
www.omnia.co.za
Date: 09-06-2025 07:05:00
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