Brikor revenue up, earnings down amidst market challenges

Brikor Limited announced its financial results for the year ended 28 February 2025, reporting an 8.6% increase in revenue to ZAR 380.7 million (F2024: ZAR 350.5 million). However, earnings before interest, taxation, depreciation, amortisation, impairments, and earnings from associate declined by 53.2% to ZAR 22.6 million. The company experienced a loss before earnings from its associate of ZAR 1.4 million, with investment in associate contributing a loss of ZAR 2.4 million. The Bricks segment saw a 6.4% decrease in revenue to ZAR 211.5 million, attributed to sluggish market conditions and delays in construction projects. Conversely, the Coal segment revenue increased by 36% to ZAR 169.3 million due to the Contract Mining and Coal Purchase Agreement implemented in November 2023. Basic earnings per share were (0.3) cents compared to 1.0 cent the previous year. The board remains positive about future potential.