iOCO (IOC) H2 2025 TU earnings summary

Executive summary

• FY25 marked significant progress with strong performance across key financial metrics, reflecting the success of a transformational strategy.

• Leadership highlighted improved profitability, strong free cash flow, and a return to revenue growth in the second half of FY25.

Financial highlights

• EBITDA expected to grow by 60% to 70%, reaching R490–R525 million year-over-year.

• Operating profit projected to increase by 260% to 285%, reaching R395–R420 million year-over-year.

• Headline earnings per share (HEPS) expected at 35–45 cents, compared to a headline loss per share of 0.21 cents in FY24.

• Earnings per share (EPS) expected at 35–45 cents, compared to a loss per share of 10 cents in FY24.

• Net debt to EBITDA ratio improved from 2.7x to below 1x.

Outlook and guidance

• Leadership anticipates continued momentum as the transformational strategy is further embedded.

• Focus remains on profitable growth, customer-centric solutions, and leveraging relevant technologies.