KAL Group (KAL) AGM 2026 presentation summary

Financial performance highlights

• Gross profit reached R3.09 billion, EBITDA R923.8 million, and recurring headline EPS 624.47 cents, with all metrics showing year-on-year growth.

• Fuel volumes totaled 590.7 million litres, up 0.8%, and return on invested capital improved to 13.2%.

• Total dividend per share increased 16.7% to 210 cents.

• Gearing ratios improved, with debt-to-equity at 38.1% and interest cover at 4.6x.

• F26 Q1 saw RHEPS up 13.4%, ROIC up 8.2%, and debt reduced by R385 million year-on-year.

ESG and social impact

• Achieved B-BBEE Level 4, with 56.84% black ownership in PEG and 26.53% in the group.

• Distributed 895 tons of fresh produce to charities, creating 3.5 million meals since 2023.

• Invested R6.9 million in employees and communities, and R13.7 million in KAL Academy since 2009.

• Installed 94 electricity meters and 20 renewable energy solutions, avoiding 8,527 tonnes CO2 emissions.

• Trained 2,520 farmworkers and 529 small-scale farmers, with R2.5 million in youth bursaries awarded.

Strategic goals and outlook

• Targets 15% CAGR in PBT, 15% ROE, 14% ROIC, and maintains 40% average debt-to-equity.

• Focuses on growth through a diverse retail footprint, scale efficiency, entrepreneurial culture, and digital enablement.

• Dividend cover to be improved to 2.5x.

• Outlook highlights robust agri, fuel volume recovery, and ongoing dividend acceleration.

• Retail discretionary spend remains under pressure, with sector outperformance in fuel.