Trellidor posts mixed results, declares dividend despite profit dip

Trellidor Holdings Limited reported a trading profit after tax of R29.9 million for the year ended June 30, 2025, a decrease from R34.4 million in 2024. This translated to headline earnings per share of 31.5 cents, down from 36.1 cents. The company also recorded a loss per share of 41.7 cents, primarily due to a R69.4 million impairment of goodwill and intangibles following the disposal of its Taylor and NMC businesses.

Despite the decline in profit, Trellidor demonstrated strong cash generation, with cash from operations increasing by 30.1% to R66.5 million. Net debt was significantly reduced by 38.4% to R71.3 million, contributing to a 30.3% reduction in finance costs. Group revenue from continued operations decreased by 8.9% to R367.1 million.

In a move to restore shareholder value, the Board declared a final gross dividend of 12.00 cents per ordinary share (2024: nil). The dividend, subject to a 20% local dividend tax, will result in a net dividend of 9.60 cents per ordinary share. The last day to trade to receive the dividend is Monday, September 22, 2025, with payment on Monday, September 29, 2025.