Remgro reports strong earnings, declares special dividend

Remgro Limited announced a substantial increase in headline earnings per share, rising by 38.4% to R14.09 for the year ended June 30, 2025. Headline earnings grew by 38.6% from R5 647 million to R7 827 million, with earnings per share up 165.6% to R5.95. The company will pay an ordinary dividend of 344 cents per share, a 30.3% increase, and a special dividend of 200 cents per share.

Operational improvements across the portfolio drove this growth, with notable contributions from Mediclinic Group Limited (+R362 million), OUTsurance Group Limited (+R318 million), Rainbow Chicken Limited (+R324 million), and RCL Foods Limited (+R264 million). Heineken Beverages Holdings Limited also returned to profitability, adding R406 million. Lower finance costs contributed an additional R403 million due to preference share redemption.

The company's intrinsic net asset value per share increased by 16.5% from R251.01 to R292.34 at June 30, 2025, with the share price at a 45.9% discount. The special dividend of 200 cents per share will be subject to a 20% dividend withholding tax.