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Annual results and dividend declaration for the year ended 29 June 2025
Cashbuild Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1986/001503/06)
Share code: CSB
ISIN: ZAE000028320
("Cashbuild" or "the Company" or "the Group")
Annual results and dividend declaration for the year ended 29 June 2025
- Revenue R11.5 billion up 3%
- Headline earnings R216.2 million up 8%
- Net asset value per share 7 996 cents up 4%
- Dividend 626 cents up 12%
COMPANY PROFILE
Cashbuild is southern Africa's leading retailer of quality building materials and associated products, selling
direct to a predominantly cash-paying customer base through its chain of 318 stores at reporting date.
Cashbuild carries an in-depth quality product range tailored to the specific needs of the communities it
serves. Its customers are typically home-builders and improvers, contractors, farmers, traders, as well as
all other customers requiring quality building materials at the best value.
Cashbuild has built its credibility and reputation by consistently offering its customers quality building
materials at the best value through a purchasing and inventory policy that ensures customers' requirements
are always met.
FINANCIAL HIGHLIGHTS
Revenue for the year increased by 3% impacted by the 53rd week reported in the prior year. Comparing to
the previously audited and pro-forma 52 weeks information, the growth is 5%. Revenue for stores in
existence prior to July 2023 (pre-existing stores - 304 stores) increased by 2% and the 14 new stores
contributed 1% growth. Transactions through the tills increased by 4%. Selling price inflation was 1.7%
at the end of June 2025. Gross profit increased by 2% with gross profit margin percentage increasing from
24.7% to 24.8%.
Operating expenses decreased by 3% impacted by prior year impairment of R137 million of goodwill and
trade marks in P&L Hardware and an extra week's expenses included in the 53rd week of the prior year.
Adjusting for the impairment and 53rd week expenses, the growth is 5%, with existing stores contributing
4% and new stores 1%.
The effective tax rate of 26.5% (June 2024: 36.6%) for the year is lower than the prior year, mainly impacted
by the non-tax deductible impairment of the P&L Hardware goodwill in the prior year.
Basic earnings per share increased by more than 100% whilst headline earnings per share increased by 10%.
Cash and short-term funds increased to R1.9 billion due to June 2025 suppliers' payments processed in
July 2025, in contrast to the prior year where the payments were processed in June 2024. Stock levels,
including new stores have increased by 7% with stock days increasing from prior year to 96 days (2024:
90 days). Net asset value per share increased by 4% to 7 996 cents (2024: 7 667 cents).
During the year, the Group opened 8 new stores (7 Cashbuild and 1 P&L Hardware) and closed 12
(1 Cashbuild and 11 P&L Hardware) under-performing stores. The Group further refurbished 26 Cashbuild
stores and relocated 1 P&L Hardware store. Cashbuild will continue its store expansion, relocation, and
refurbishment strategy in a controlled manner, through its feasibility process. The opening of the Cashbuild
Small Model Stores (SMS) remains on track.
PROSPECTS
Group revenue for the 7 weeks subsequent to period end is 6% higher than the prior year's comparative 7
week period. Management expects trading conditions to remain challenging. This information has not been
reviewed or audited by the Company's auditor.
FINANCIAL SUMMARY
29 June 30 June
2025 2024 %
R'million (52 weeks) (53 weeks) change
Revenue 11 478 11 192 3
Operating profit 344 189 82
Earnings per share (cents) 1 042.5 396.4 163
Headline earnings per share (cents) 1 040.4 947.2 10
Final dividend per share (cents) 300 236 27
DECLARATION OF DIVIDEND
The Board has declared a final dividend (No. 65) of 300 cents (2024: 236 cents) per ordinary share, out of
income reserves, to all shareholders of Cashbuild Limited. The dividend per share is calculated based on
23 379 712 (2024: 23 694 712) shares in issue at the date of the dividend declaration. The net local dividend
amount is 240 cents per share for shareholders liable to pay Dividends tax and 300 cents per share for
shareholders exempt from paying Dividends tax. The total dividend for the year amounts to 626 cents
(2024: 561 cents). Local Dividends tax is 20%.
Cashbuild Limited's tax reference number is 9575168712.
Date dividend declared: Wednesday, 3 September 2025
Last day to trade "CUM" the dividend: Monday, 22 September 2025
Date to commence trading "EX" the dividend: Tuesday, 23 September 2025
Record date: Friday, 26 September 2025
Date of payment: Monday, 29 September 2025
Share certificates may not be dematerialised or rematerialised between Tuesday, 23 September 2025 and
Friday, 26 September 2025, both dates inclusive.
Johannesburg
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Approved by the Board on 1 September 2025
Released 3 September 2025
This short-form announcement is the summarised version of the audited financial results for the year ended
29 June 2025 of Cashbuild and its subsidiaries and, as such, it does not contain full or complete details
pertaining to the Group's annual financial statements. This short-form announcement has not been audited
by the external auditor, is the responsibility of the Board of Directors of Cashbuild and is prepared based
on the audited financial statements. Any investment decisions should be based on the audited annual
financial statements as the information in this announcement does not provide all of the details. The annual
financial statements are available on Cashbuild's website www.cashbuild.co.za and on the JSE cloudlink
https://senspdf.jse.co.za/documents/2025/jse/isse/CSB/ye2025.pdf. The annual financial statements have
been audited by the Company's external auditor, Deloitte & Touche who expressed an unmodified opinion
on the annual financial statements. Shareholders are advised that, in order to obtain a full understanding
of the nature of the auditor's engagement and more specifically the nature of the information that has been
audited, they should obtain a copy of the auditor's report included in the annual financial statements. The
annual financial statements are also available on request by contacting Elna Munro on telephone
+27 11 248 1500 or emunro@cashbuild.co.za.
Date: 03-09-2025 07:10:00
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