Crookes Brothers reports strong results, dividend declines

Crookes Brothers Limited (JSE: CKS) has announced its financial results for the year ended March 31, 2025, showcasing a return to strong profitability and increased headline earnings. Revenue from continuing operations rose 15% to ZAR833.8 million. Headline earnings reached ZAR64.9 million, the highest since 2014, and headline earnings per share increased by 27% to 425.1 cents. The banana segment delivered a record operating profit of ZAR51.6 million, and the property division benefited from strategic sales. While the macadamia segment narrowed its operating loss to ZAR25.8 million, it was impacted by weather-related damage. The board has declared a final cash dividend of 150.00000 cents per share, lower than the previous year due to the exclusion of one-off proceeds in 2024.