TFG Group revenue rises 4.1% to record ZAR62.6bn

THE FOSCHINI GROUP LIMITED (JSE:TFG) announced its condensed consolidated financial results for the year ended March 31, 2025. Group revenue increased by 4.1% to a record ZAR62.6 billion, with online sales contributing 12.0% to total sales. Gross profit rose by 6.7% to ZAR28.8 billion, with the gross margin up 150 basis points to 49.4%. Operating profit grew by 4.4% to a record ZAR6.2 billion. TFG Africa's operating profit increased by 12.3%. Basic earnings per share (EPS) rose by 4.9% to 980.6 cents, while headline earnings per share (HEPS) increased by 4.6% to 1,015.6 cents. The company declared a final dividend of 230.0 cents per share, up 15.0%. TFG Africa's sales grew by 7.0%, with online sales increasing by 43.5%. The company opened 181 new stores and closed 193, bringing the total to 4,923 stores across 23 countries. The directors have declared a final gross cash dividend of 230.0 cents per ordinary share, and a gross preference dividend of 6.5 cents per preference share.