| (Rand millions unless otherwise stated) | |||||||||
| Reviewed year to 30 June 2026 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total | |
| Turnover | 5 145 | 4 670 | 2 273 | – | – | – | (3 320) | 8 768 | |
|---|---|---|---|---|---|---|---|---|---|
| – From external customers* | 5 142 | 3 149 | 477 | – | – | – | – | 8 768 | |
| – Intersegment | 3 | 1 521 | 1 796 | – | – | – | (3 320) | – | |
| Turnover from franchise stores** | 2 564 | – | – | – | – | – | (2 564) | – | |
| Cost of sales | (3 110) | (3 662) | (1 875) | – | – | – | 3 361 | (5 286) | |
| Achieved gross margin*** | 1 855 | 999 | 293 | (1) | – | – | 261 | 3 407 | |
| Manpower costs | (342) | (562) | (162) | (11) | (8) | – | 1 | (1 084) | |
| Depreciation | (85) | (306) | (15) | (2) | (103) | – | – | (511) | |
| Freight cost | (12) | (452) | (73) | – | – | – | 25 | (512) | |
| Impairment of property, plant and equipment | – | (7) | # | – | (3) | – | – | (10) | |
| Profit on sale of property, plant and equipment | # | – | (1) | # | 7 | – | – | 6 | |
| Trading profit | 506 | 322 | 323## | 321### | 356#### | – | 19 | 1 847 | |
| Finance income | 11 | 40 | 67 | – | 30 | – | (21) | 127 | |
| Finance costs | (3) | (14) | (40) | – | (46) | – | 21 | (82) | |
| Income from associates | – | – | – | – | – | 8 | – | 8 | |
| Profit before taxation | 514 | 348 | 350 | 321 | 340 | 8 | 19 | 1 900 | |
| * | Turnover from external customers includes sales to franchise stores. |
| ** | Franchise stores are not controlled by the Group. |
| *** | Achieved gross margin is calculated as gross margin less freight costs, movement in stock provisions and other cost of sales. |
| # | Less than R1 million. |
| ## | Includes franchise income of R65 million disclosed in note 6. |
| ### | Includes royalty income of R139 million disclosed in note 6. |
| #### | The trading profit in the Properties division includes unconsolidated property rental received of R501 million. |
| (Rand millions unless otherwise stated) | |||||||||
| Audited year to 30 June 2025 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total | |
| Turnover | 5 302 | 4 724 | 2 428 | – | – | – | (3 578) | 8 876 | |
| – From external customers* | 5 302 | 3 116 | 458 | – | – | – | – | 8 876 | |
| – Intersegment | – | 1 608 | 1 970 | – | – | – | (3 578) | – | |
| Turnover from franchise stores** | 2 383 | – | – | – | – | – | (2 383) | – | |
| Cost of sales | (3 229) | (3 658) | (2 032) | – | – | – | 3 652 | (5 267) | |
| Achieved gross margin*** | 1 890 | 1 056 | 286 | 2 | – | – | 308 | 3 542 | |
| Manpower costs | (331) | (562) | (167) | (11) | (7) | – | – | (1 078) | |
| Depreciation | (88) | (304) | (19) | (3) | (119) | – | – | (533) | |
| Freight cost | (12) | (441) | (73) | – | – | – | 26 | (500) | |
| Impairment of property, plant and equipment | – | – | – | – | – | – | – | – | |
| Profit on sale of property, plant and equipment | # | (4) | (4) | # | 14 | – | – | 6 | |
| Trading profit | 546 | 507 | 287## | 334### | 378#### | – | 9 | 2 061 | |
| Finance income | 16 | 37 | 68 | – | 37 | – | (33) | 125 | |
| Finance costs | (8) | (6) | (37) | – | (58) | – | 33 | (76) | |
| Income from associates | – | – | – | – | – | 6 | – | 6 | |
| Profit before taxation | 554 | 538 | 318 | 334 | 357 | 6 | 9 | 2 116 | |
| * | Turnover from external customers includes sales to franchise stores. |
| ** | Franchise stores are not controlled by the Group. |
| *** | Achieved gross margin is calculated as gross margin less freight costs, movement in stock provisions and other cost of sales. |
| # | Less than R1 million. |
| ## | Includes franchise income of R72 million disclosed in note 6. |
| ### | Includes royalty income of R133 million disclosed in note 6. |
| #### | The trading profit in the Properties division includes unconsolidated property rental received of R503 million. |
Reviewed Condensed Group Results for the year ended 30 June 2026, and cash dividend declaration
