Attacq reports robust growth in income, dividends for FY25

Attacq Limited reported a strong financial performance for the year ended June 30, 2025, with distributable income per share (DIPS) increasing by 25.6% to 108.3 cents. Full-year dividend per share (DPS) also saw a substantial rise of 26.1% to 87.0 cents. Net operating income (NOI) grew by 14.0%, and the company's gearing improved to 25.3%. The board declared a final gross cash dividend of 43.00000 cents per share, bringing the full-year dividend to 87.00000 cents per share.

The company's development activity at Waterfall City is notable, with projects totaling 90 664m² of gross lettable area (GLA) under construction or in the approved pipeline, representing a total cost of R2.3 bn. Attacq also installed 3.3 MWp of rooftop photovoltaic (PV) systems, contributing 9.1% to its total energy mix. High occupancy and collection rates were maintained at 91.6% and 100.0% respectively.

Looking ahead, Attacq expects DIPS to grow between 7.0% and 10.0% in FY26, with an 80.0% dividend payout ratio. This growth is anticipated to be driven by rising market rentals, disciplined cost management, successful leasing of vacant spaces, and completed developments. The installation of PV systems and a power purchase agreement are expected to reduce electricity costs and enhance operational efficiencies.