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Truworths International (TRU) investor relations material
Truworths International Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Group performance and market environment
Group retail sales remained flat at R12.5 billion for the 26-week period ended 28 December 2025, with marginal improvement in sales momentum since the last update.
Office UK delivered strong performance, with retail sales up 6.4% in Sterling and 7.1% in Rand, supported by brand strength and store development.
Truworths Africa's retail sales declined by 3.6%, with account sales down 2.7% and cash sales down 5.8%, but online sales grew 23.3% to 7.4% of segment sales.
South Africa's macroeconomic environment shows early signs of improvement, including a stronger Rand and stabilizing inflation.
Credit and receivables
Gross active trade receivables decreased by 2.1% to R6.9 billion, while active accounts increased by 0.6%.
Active account holders able to purchase stood at 82%, with overdue balances at 13% of gross trade receivables.
Credit expansion remains measured, focusing on prudent risk management, especially in higher-risk segments.
Segment outlook and trading space
Truworths Africa expects trading space to increase by about 1% year-on-year by June 2026.
Office UK plans to expand trading space by 10% to 12% on a weighted-average basis for the 2026 financial period, continuing its store development program.
- TimeTickerHeadlineOpen
- 5 FebLIN
Record EPS, strong cash flow, and $10B backlog support 6–9% EPS growth outlook for 2026. - 5 FebRMR
Q1 2026 beat expectations with $0.47 EPS, $12.2M net income, and $23.6M incentive fees. - 5 FebMKL
Operating income rose to $3.2B, with broad-based growth and improved insurance profitability. - 5 FebSCSC
Q2 FY26 saw 2.5% sales growth, margin pressure, and reduced full-year guidance. - 5 FebMT
Net income rose to $3.2bn in 2025, with $6.5bn EBITDA and strong shareholder returns. - 5 FebEMBC
Q1 FY26 saw stable revenue, higher net income, improved margins, and reaffirmed guidance. - 5 FebAPOLLOTYRE
Record revenue, profit growth, major expansion, and improved financial metrics in Q3 FY26. - 5 FebSHEL
$18.5B earnings, $26.1B free cash flow, and $22B+ returned to shareholders in 2025. - 5 FebQGEN
2025 results surpassed guidance; 2026 targets strong growth and margin expansion. - 5 FebBIXT
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