Hosken Consolidated Investments
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Hosken Consolidated Investments (HCI) investor relations material

Hosken Consolidated Investments H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary26 May, 2026

Executive summary

  • Income increased by 3% to R24,172 million, with EBITDA up 4% to R5,429 million and profit before tax at R4,540 million for the year ended 31 March 2026.

  • Headline earnings rose 47% to R1,776 million, with headline earnings per share at 2,248 cents.

  • Net borrowings shifted to a net cash position of R86 million from net debt of R266 million year-over-year.

Financial highlights

  • Revenue grew to R24,172 million (up 3% year-over-year), EBITDA reached R5,429 million (up 4%), and headline earnings per share increased by 50% to 2,248 cents.

  • Profit before tax was R4,540 million, and headline earnings were R1,776 million, up 47% from the prior year.

  • Finance costs reduced by 15% due to lower borrowings and interest rates.

  • Cash flows from operations remained strong, with significant repayments of net funding and share repurchases.

Outlook and guidance

  • The group remains in compliance with all debt covenants and expects sufficient liquidity for the foreseeable future.

  • The final investment decision for the Venus discovery in Block 2913B (oil & gas) is anticipated in the second half of 2026.

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