Apr 02, 2025 / 09:00AM GMT
Rhys Summerton - iOCO Ltd - Group Co-Chief Executive Officer
So welcome to the iOCO first half 2025 results call. I'm Rhys Summerton. I'm the co-CEO and I look forward to, taking you through the results with Ashona, who's our CFO. So, if you just take a look at slide 3, iOCO clearly has a history and it's got a long history. And it did a lot right, and it did a long a lot wrong. But when we, and when I say we, I'm talking about Dennis, my Co-CEO and myself, when we discovered iOCO in June 2024.
We found a group that had a lot of revenue. It was generating ZAR6 billion of revenue a year, which actually puts iOCO in the top quartile of all revenue generators on the JSE. And yet its market value was in the bottom decile of all companies. It had a lot of revenue, but not a lot of market cap. So, what we had to do is kind of find out how we could get the profitability up because it was lossmaking at that point.
And try and drive the change from being a business with a lot of revenue and no profit to being a business with a lot of profitability. And so, Dennis and I set about a three-point
Half Year 2025 iOCO Ltd Earnings Call Transcript
Apr 02, 2025
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