Argent Industrial (ART) H2 2026 earnings summary

Executive summary

• Achieved 8th consecutive year of earnings growth, with headline EPS up 9.1% to 538.2 cents year-over-year.

• Attributable earnings after tax rose 8.5% to R293.0 million compared to FY2025.

• Revenue increased 7.7% to R2.84 billion, driven by strong manufacturing and international operations.

• No new acquisitions in 2026, but increased stake in Pro Crane Services to 85%.

• Continued share buyback program, repurchasing 1.28 million shares for R39 million.

Financial highlights

• Revenue: R2.84 billion (2025: R2.64 billion).

• Attributable earnings: R293 million (2025: R270 million).

• Headline EPS: 538.2 cents (2025: 493.3 cents).

• Net asset value per share: 3,837.1 cents (2025: 3,488.1 cents).

• Dividend per share: 141 cents (2025: 127 cents).

• Return on equity: 14.2%.

• Gearing: 1.5%.

Outlook and guidance

• Strong balance sheet, robust order book, and expanding manufacturing platforms support continued growth.

• Prudent capital allocation and ongoing share repurchases expected to enhance shareholder value.

• Positive outlook for local steel market due to import restrictions.