Segmental report for the six months ended 31 December 2024
| (Rand millions unless otherwise stated) | |||||||||
| Reviewed six months to 31 December 2024 | Retail | Manufacturing* | Supply and support services* | Franchising | Properties | Associates | Consolidation | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2 836 | 2 627 | 1 324 | – | – | – | (2 005) | 4 782 | |
| – From external customers* | 2 836 | 1 703 | 243 | – | – | – | – | 4 782 | |
| – Intersegment | – | 924 | 1 081 | – | – | – | (2 005) | – | |
| Turnover from franchise stores** | 1 293 | – | – | – | – | – | (1 293) | – | |
| Cost of sales | (1 806) | (2 006) | (1 082) | – | – | – | 2 105 | (2 789) | |
| Achieved gross margin*** | 1 008 | 588 | 148 | – | – | – | 187 | 1 931 | |
| Manpower costs | (174) | (304) | (83) | (5) | (4) | – | 8 | (562) | |
| Depreciation | (54) | (150) | (9) | (2) | (57) | – | – | (272) | |
| Freight cost | (6) | (223) | (40) | – | – | – | 16 | (253) | |
| Profit on sale of property, plant and equipment | # | # | (8) | # | 14 | – | – | 7 | |
| Trading profit | 285 | 325 | 140## | 226### | 204 | – | – | 1 180 | |
| Finance income | 9 | 18 | 37 | # | 24 | – | (22) | 66 | |
| Finance costs | (3) | (3) | (22) | # | (36) | – | 22 | (42) | |
| Income from associates | – | – | – | – | – | 2 | – | 2 | |
| Profit before taxation | 291 | 340 | 155 | 226 | 192 | 2 | – | 1 206 | |
| * | 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 R41 million disclosed in note 6. |
| ### | Includes royalty income of R70 million disclosed in note 6. |
| (Rand millions unless otherwise stated) | |||||||||||
| Reviewed six months to 31 December 2023 | Retail | Manufacturing* | Supply and support services* | Franchising | Properties | Associates | Consolidation | Total | |||
| Turnover | 2 736 | 2 679 | 1 239 | – | – | – | (1 856) | 4 798 | |||
| – From external customers* | 2 735 | 1 817 | 246 | – | – | – | – | 4 798 | |||
| – Intersegment | 1 | 862 | 993 | – | – | – | (1 856) | – | |||
| Turnover from franchise stores** | 1 333 | – | – | – | – | – | (1 333) | – | |||
| Cost of sales | (1 732) | (1 973) | (1 001) | – | – | – | 1 919 | (2 787) | |||
| Achieved gross margin *** | 994 | 673 | 148 | # | – | – | 138 | 1 953 | |||
| Manpower costs | (178) | (314) | (79) | (5) | (4) | – | – | (580) | |||
| Depreciation | (45) | (133) | (12) | (2) | (52) | – | – | (244) | |||
| Freight costs**** | (6) | (244) | (38) | – | – | – | 12 | (276) | |||
| Profit on sale of property, plant and equipment | # | # | # | # | (3) | – | – | (3) | |||
| Trading profit | 275 | 353 | 101## | 226### | 194 | – | – | 1 149 | |||
| Finance income | 9 | 12 | 37 | – | 25 | – | (28) | 55 | |||
| Finance costs | (3) | (5) | (13) | # | (48) | – | 28 | (41) | |||
| Income from associates | – | – | – | – | – | 3 | – | 3 | |||
| Profit before taxation | 281 | 360 | 125 | 226 | 171 | 3 | – | 1 166 | |||
| * | 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. |
| **** | The 2023 Segmental report has been amended to separately disclose the cost of sales and freight costs which contribute a significant portion of the operating expenses. |
| # | Less than R1 million. |
| ## | Includes franchise income of R38 million disclosed in note 6. |
| ### | Includes royalty income of R77 million disclosed in note 6. |