Grand Parade Investments reports 20% profit drop, skips dividend

Grand Parade Investments (GPI) reported a headline profit of R65.9 million for the financial year ended June 30, 2025, marking a decrease of R16.5 million (20%) from the prior year's R82.4 million. This decline was reflected in headline earnings per share, which fell by 20% to 15.42 cents from 19.20 cents. Basic earnings per share also decreased by 16% to 14.32 cents, down from 17.14 cents in the previous corresponding period.

In light of these results, GPI's board of directors has decided not to declare a final dividend for the year ended June 30, 2025. This contrasts with the 11.5 cents dividend declared for the year ended June 30, 2024.

The short-form announcement is based on financial results audited by Moore Cape Town Incorporated, who expressed an unmodified audit opinion. The full announcement is available on the JSE SENS platform and the company's website.