Barloworld's interim profits decline, dividend cut amid revenue dip
Barloworld Limited reported a 5.8% year-over-year decrease in Group revenue to ZAR 18.1 billion for the six months ended March 31, 2025, largely attributed to a significant decline in revenue from Vostochnaya Technica (VT). EBITDA decreased by 9.1% to ZAR 2.2 billion; however, excluding VT, EBITDA increased by 3.0%. The EBITDA margin also declined to 12.4% from 12.9%, but excluding VT, it expanded slightly. Basic earnings per share fell by 21.2% to 403.4 cents, while headline earnings per share (HEPS) decreased by 20.5% to 423.2 cents. In response to the performance, the company has declared an interim dividend of 120 cents per share, significantly lower than the 210 cents per share declared in the first half of 2024. The dividend will be paid on June 23, 2025, to shareholders of record on June 20, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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