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Reunert (RLO) investor relations material

Reunert H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary21 Nov, 2025

Executive summary

  • Achieved strong second half performance in FY25, offsetting a challenging first half and tough macroeconomic conditions, with headline earnings per share (HEPS) up 5% year-over-year and a 5% dividend increase.

  • International sales reached R5bn, with a 17% four-year CAGR, and non-South African revenues now exceed 40% in Electrical Engineering, supporting portfolio optimization and resilience.

  • Strategic focus on international market expansion, portfolio efficiency through key mergers, and the sale of BlueNova Energy.

  • Leadership transition planned, with continuity in strategy and executive involvement assured.

Financial highlights

  • Revenue from total operations declined 3% to R13,956m, with operating profit down 10% to R1,375m and profit for the year down 12% to R913m.

  • Headline earnings per share from continuing operations dropped 5% to 649 cents; basic EPS from continuing operations fell 5% to 654 cents.

  • Free cash flow was R1,170m, up 4% year-over-year, converting profit to free cash flow at 128%, and net cash position improved to R743m, a 39% increase.

  • Total dividend for the year increased by 5% to 383 cents per share, with a final dividend up 6%.

  • NAV per share rose 1% to R44.93.

Outlook and guidance

  • Growth expected in FY26 driven by international markets in Defence and Electrical Engineering, a refocused ICT segment, and expansion in Renewable Energy.

  • Expectation of steady improvement in the South African economy as infrastructure investments and reforms take effect, though short-term investment remains pressured.

  • Defense cluster expected to maintain double-digit growth over the next three years, supported by robust global demand.

  • ICT segment restructured for sustainable growth; renewable energy investments set to expand asset ownership and trading footprint.

USA circuit breaker tariff impact on future margins?
What specific initiatives sustain defense growth?
How will cash generation support inorganic growth?
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Frequently asked questions

Reunert Limited is a South Africa-based industrial group with operations spanning across various sectors, including Electrical Engineering, Information Communication Technologies (ICT), and Applied Electronics.The company's Electrical Engineering segment offers a wide range of power cables and low-voltage circuit breakers. In the ICT domain, Reunert is recognized as a Total Workspace Provider, delivering comprehensive business communication, digital integration offerings, and rental-based finance products, solutions, and services. The Applied Electronics segment focuses on the development, supply, and maintenance of high-precision electronic products for defense, mining, commercial applications, and renewable energy solutions. The company is headquartered in Woodmead, South Africa, and its shares are listed on the JSE.

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