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Altron Limited (AEL) investor relations material
Altron Limited H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong performance in continuing operations for the six months ended 31 August 2025, with EBITDA up 4% to R938m and operating profit up 15% to R549m, despite a 1% revenue decline to R4.8bn.
Platform businesses delivered double-digit revenue and operating profit growth, offsetting significant headwinds in IT services and distribution.
Interim dividend increased by 20% to 48cps, with a payout ratio of 48% of headline earnings per share.
Sale of Altron Nexus completed during the period, impacting group revenue and EPS.
Launched South Africa's first operational AI Factory, supporting customer AI development and innovation.
Financial highlights
EBITDA up 4% to R938m and operating profit up 15% to R549m in continuing operations; headline earnings per share up 22% to 96c, and EPS up 12% to 84c.
Group results: revenue down 4%, EBITDA up 2%, operating profit up 11%, headline EPS up 18%, but group EPS down 6% due to Nexus disposal.
Cash generated from operations up 7% to R784m; net cash of R324m after loan and dividend payments.
Dividend payout policy increased to at least 50% of headline earnings per share.
Capital expenditure totaled R370m, with R342m directed to growth initiatives.
Outlook and guidance
Medium-term operating profit margin target for platform businesses raised to above 22%; Netstar targeted for above 18%, IT services for above 7%.
No significant improvement expected in the operating environment; focus remains on disciplined execution, margin expansion, and capital allocation to platforms.
Dividend policy to maintain at least 50% payout of headline earnings per share.
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- GOOG
Q4 2025 revenue rose 18% to $113.8B, with net income up 30% and strong AI-driven growth. - QCOM
Record $12.3B revenue, strong QCT/Auto growth, and Alphawave acquisition boost data center expansion. - GBDC
Net income and NAV declined, dividend reduced, and share repurchases increased amid market shifts. - YUM
Double-digit profit growth, digital expansion, and strategic actions defined the year. - 443060
Record 2025 revenue and profit, strong core growth, and robust 2026 outlook with high dividends. - GAIN
Record new investments and NAV growth highlight a strong quarter with robust distributions. - GAIN
Record realized gains and income drove higher NAV and strong distributions in FY25. - GAIN
Net investment income reached $9.1M, NAV per share was $12.99, and distributions stayed strong. - EPAC
Directors, auditor, and executive pay were approved with strong shareholder participation. - ARCC
FY 2025 delivered $2.01 core EPS, $1.86/share net income, and a $29.5B portfolio.
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