Rex Trueform reports strong profit surge despite revenue dip

Rex Trueform Group Limited, an investment holding company, reported a 1.9% decrease in revenue to R873.6m for the year ended June 30, 2025, down from R890.6m in 2024. Despite this, the company saw a substantial increase in gross profit margin to 54.9% (2024: 46.2%).

Operating profit surged by 127.4% to R75.3m, a significant rise from R33.1m in the previous year. This robust performance translated into a more than 100% increase in both earnings per share, reaching 127.0 cents (2024: -3.9 cents), and headline earnings per share, which climbed to 129.0 cents (2024: 37.5 cents).

Net asset value per share also improved by 5.7% to R20.39 (2024: R19.29). The company maintained its ordinary dividend per share at nil cents, consistent with the prior year. These results reflect a strong turnaround in profitability for the Group.