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Novus Holdings (NVS) investor relations material
Novus Holdings H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased to R4,222m for the year ended 31 March 2025, up 6.6% year-over-year, with improvements in print and efficiencies in manufacturing despite industry challenges.
EBITDA rose 5.4% to R663m, with operating profit stable at R394m; adjusted operating profit increased 20.6% after one-off costs.
Book business stabilized and grew, supported by increased interest in paper books and education sector changes.
Integrated acquisitions from Media24, including distribution, community newspaper businesses, and sports media titles, expanding into digital and sports media.
Print, Publishing & Distribution contributed 60.5% of total revenue, with new businesses integrated.
Financial highlights
Revenue: R4,222m (up 6.6% year-over-year); traditional business revenue down 0.5% excluding new businesses.
Gross profit: R1,327m (up 14.3% year-over-year); gross margin improved to 31.4% from 28.7%.
EBITDA: R663m (up 5.4% year-over-year); operating profit flat, but normalised profit up R80m after adjusting for once-off costs.
Headline earnings per share, adjusted for one-off costs, increased 35.7% year-over-year; EPS: 110.9c (up 46.1%).
Strong cash position at year-end, with working capital up due to inventory build and timing of receivables; net working capital at R1,299m.
Outlook and guidance
Guidance is difficult due to ongoing uncertainty in education procurement, curriculum updates, and budget constraints.
Packaging segment expected to grow steadily, with ongoing investment in innovation and potential for further acquisitions.
Focus remains on organic growth, digital transformation, and careful evaluation of capital expenditures.
Mustek acquisition offer ongoing, aiming to complete by mid-July; B-BBEE Level One Contributor status enhances education sector positioning.
Active evaluation of new investment opportunities.
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