iOCO Ltd (OTCPK:EOHHF)
$ 0.23 +0.075 (+50%) Market Cap: 150.48 Mil Enterprise Value: 131.96 Mil PE Ratio: 8.25 PB Ratio: 2.85 GF Score: 49/100

Full Year 2025 iOCO Ltd Earnings Call Transcript

Oct 28, 2025 / 08:00 AM GMT
Release Date Price: $0.225

Key Points

Positve
  • iOCO Ltd (JSE:IOC) has returned to profitability for the first time in three years, generating strong operating cash flows.
  • The company has significantly reduced its debt by 354 million rand, improving its balance sheet.
  • Recurring revenue has increased to 48% from 37% last year, indicating a stronger revenue base.
  • Gross profit improved by 2.4% to 1.6 billion rand, and EBITDA increased by 50% to 516 million rand.
  • International operations have contributed to growth, with revenue from these operations reaching 583 million rand.
Negative
  • Revenue generation saw a slight decline of 1.2%, reflecting challenges in maintaining growth.
  • The company is still in the process of implementing its decentralization strategy, which may take time to fully realize benefits.
  • Despite improvements, the company continues to face challenges in optimizing its working capital cycles.
  • The shift in agent-principal mix due to IRIS 15 has impacted revenue, indicating potential complexities in deal structures.
  • There is a risk associated with the company's strategy to pursue acquisitions, as not all potential acquisitions may yield the desired value.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IOCJ.J - iOCO Ltd
Full Year 2025 iOCO Ltd Earnings Call
Oct 28, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the IOO 2025 full year results webcast. With me today is Shona Kubal, our Chief Financial Officer, and you have myself, Reese Summerton, who's the co-Chief Executive Officer. We look forward to taking you through these results and the progress that we have made in a very rapid time.

So to move on to slide 2, you would remember that when Dennis and I got involved in IOA, we, set in place a three-stage strategy. And that was, 3, the three steps were 1, cost rationalization. 2, an approach called radical autonomy or decentralization, and then capital and resource allocation.

So how have we done?

Well, on cost rationalization, we've done a lot of hard work, after just one year, and we think we can
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