Metair reports strong revenue growth despite profit decline in first half

Metair Investments Limited reported unaudited condensed interim financial statements for the six months ended June 30, 2025, revealing a 53% increase in revenue to R8 656 586 compared to R5 671 582 in H1 2024. Operating profit before capital items also grew by 27% to R450 029.

Despite revenue growth, operating profit for the period decreased by 60% to R142 721 from R354 457 in the prior year, primarily due to a substantial increase in capital items (R307 308 in H1 2025 versus R439 in H1 2024). Group headline earnings per share significantly improved to 65 cents (H1 2024: loss of 3 cents). However, basic loss per share widened to (93) cents.

The company's EBITDA increased by 40% to R715 618. Cash utilized from operations was R122 131, a significant shift from R160 901 generated in the previous period. No dividend was declared for the six months ended June 30, 2025.