Nampak half-year results show profit growth amidst asset disposals

Nampak Limited (JSE: NPK) reported unaudited consolidated financial results for the six months ended 31 March 2025, demonstrating a 7% increase in operating profit to R952 million and a 22% rise in trading profit to R764 million. Revenue from continuing operations grew by 11% to R5.7 billion, bolstered by volume growth and effective price management across its Beverage South Africa, Diversified South Africa, and Beverage Angola segments. The company completed the disposal of Bevcan Nigeria, resulting in a R2.4 billion recycling of the foreign currency translation reserve. Earnings per share from continuing operations increased by 14% to 6 064.4 cents, while headline earnings per share rose by 5% to 5 683.5 cents. Net debt decreased by 33% to R3.1 billion, assisted by asset disposals and reduced interest rates. The board has decided not to declare an ordinary dividend for the period.