Premier Group delivers strong earnings growth and dividend hike

Premier Group Limited (JSE:PMRE) announced robust financial results for the year ended March 31, 2025, marked by a 31.0% surge in earnings per share (EPS) to 936 cents and a 26.8% increase in headline earnings per share (HEPS) to 943 cents. Revenue grew by 7.0% to ZAR 19.9 billion, with EBITDA climbing 14.7% to ZAR 2.4 billion. The Millbake division saw a 5.7% revenue increase to ZAR 16.4 billion, while Groceries and International revenue rose 13.3% to ZAR 3.5 billion. The company declared a final gross dividend of 271 cents per share, a substantial increase from the 220 cents paid out last year. Premier's net debt stood at ZAR 1.7 billion, improving the leverage ratio to 0.7x. The company anticipates moderate revenue growth for FY2026, driven by declining maize prices.