Truworths declares dividend amid mixed financial results

Truworths International Ltd will pay a final gross cash dividend of 170 South African cents per ordinary share for the 52 weeks ended June 29, 2025, a decrease from 197 South African cents in 2024. The total annual dividend per share is down 7.9% to 487 cents. The last day to trade cum dividend is September 16, 2025, with payment on September 22, 2025.

For the reported period, the company saw merchandise sales rise by 3.2% to R21.3 billion and retail sales increase by 2.7% to R22.0 billion. However, the gross profit margin decreased to 51.3% from 52.3% in 2024, and the operating margin fell to 20.0% from 27.3% in 2024.

Earnings per share declined to 745.2 cents from 1,046.9 cents in 2024, while headline earnings per share were 752.1 cents, down from 817.9 cents. Diluted headline earnings per share also decreased to 743.4 cents from 805.8 cents. Cash generated from operations increased to R4.8 billion from R4.7 billion in 2024, and net asset value per share rose to 2,859 cents from 2,553 cents in 2024. The company moved from net debt of R306 million in 2024 to net cash of R720 million.