Metair profit climbs 28% after capital items boost

Metair Investments Limited (JSE:MTAE) announced its audited consolidated annual financial statements for the year ended 31 December 2024, reporting a 28% increase in operating profit after capital items, reaching R603 million. Despite a slight 2% dip in revenue to R11.8 billion, attributed to lower South African OEM production, the company highlighted a resilient performance. EBITDA (before capital items) stood at R844 million, and cash reserves improved from R567 million to R808 million. Headline earnings per share from continuing operations decreased from 9 cents to 89 cents per share.