Datatec announces increased dividend despite revenue decline in FY25

Datatec Limited (JSE:DTC) today released its audited financial results for the year ended February 28, 2025, highlighting a cash dividend of 200 ZAR cents per share with a scrip alternative, despite an 8.8% decrease in revenue to US$3,639.7 million. Gross profit increased by 5.6% to US$910.3 million, and Adjusted EBITDA rose by 28.2% to US$246.2 million. The improved profitability has enabled the Group to increase its dividend payout policy to 50% of underlying earnings per share. Westcon International saw a revenue decrease to US$2.0 billion while Logicalis International's revenue decreased to US$1.2 billion, however Logicalis Latin America decreased to US$455.1 million. The company noted a change in accounting policy affecting previous revenue and cost of sales figures. Datatec will host a virtual investor presentation on May 27, 2025.