Northam Holdings sees profit drop despite higher sales, lifts dividend

Northam Holdings reported sales revenue of R32,901,199 for F2025, a 6.9% increase from R30,766,472 in F2024. However, operating profit decreased by 25.5% to R3,593,517 from R4,824,133, with the operating margin falling to 10.9% from 15.7%. Basic earnings per share saw a 17.3% decline to 381.4 cents, and headline earnings per share dropped by 14.4% to 380.8 cents. EBITDA also decreased by 21.6% to R4,917,555.

Despite the decline in profitability metrics, the board resolved to declare a final gross cash dividend of 200.0 cents per share for F2025, a substantial increase from 70.0 cents per share in F2024. This brings the total cash dividend declared for F2025 to 215.0 cents per share, which includes an interim dividend of 15.0 cents per share. The final net cash dividend, after a 20% withholding tax, amounts to 160.0 cents per share.

The Annual General Meeting (AGM) for Northam Holdings will be held entirely by electronic participation on Monday, October 27, 2025, at 10:00 am South African time. The record date for eligibility to receive the final cash dividend is Friday, September 19, 2025, with payment on Monday, September 22, 2025.