Omnia (OMN) H2 2025 earnings summary

Executive summary

• Delivered strong FY2025 results with revenue of R23bn, robust cash generation, and disciplined capital management, led by Mining segment growth and resilient Agriculture RSA and AgriBio performance despite challenges in Africa and Chemicals restructuring costs.

• Mining now represents 60% of business, showing 41% CAGR over five years, with sustained volume and margin growth from new contracts and international expansion.

• Streamlined focus on core mining and agriculture, with non-core asset disposals and accelerated Chemicals restructuring completed.

• Continued commitment to ESG, with improved greenhouse gas intensity, expanded renewable energy use, and capex focused on ESG initiatives.

• Agriculture RSA benefited from favorable agronomic conditions and supply chain improvements, while Rest of Africa faced currency and competitive pressures.

Financial highlights

• Revenue up 3% year-over-year to R22.8bn; gross profit up 6% to ZAR 5.1 billion; gross margin improved to 22.5%.

• Operating profit stable at R1.8bn; adjusted for restructuring, up 5.6%; operating margin at 7.4% (7.9% excluding one-off costs).

• Net cash position of R1.77bn; R2.48bn cash generated from operations.

• Ordinary dividend of 400 cents/share and special dividend of 275 cents/share declared.

• Diluted HEPS up 2% to 704 cents.

Outlook and guidance

• Focus on scaling global mining, expanding agri-bio distribution, and optimizing supply chain, with positive outlook for Mining and AgriBio.

• Margin guidance to be reviewed next year; current guidance maintained due to one-off impacts; medium-term margin guidance: Group 8–10%, Agriculture 9–12%, Mining 12–14%; ROE target 10–12%.

• Cautious on African agriculture due to macro headwinds, but positive on agri-bio and mining growth.

• Chemicals segment to finalize restructuring in FY26, with asset sales and integration into Agriculture.

• Disciplined capital allocation and long-term shareholder value remain priorities.