Full Year 2026 Super Group Ltd Earnings Call Transcript
Key Points
- Revenue from continuing operations increased by 6.2% to ZAR45.83 billion, with EBITDA up 15.5% and operating profit up 26.6%.
- Headline earnings per share from continuing operations surged 36% to ZAR3.346, and net cash from operating activities rose 24.3% to ZAR2.44 billion.
- Strong market share gains in the UK, with new car sales volumes up 22.1% versus national growth of 6.4%, driven by Chinese brands like Omoda, Jaecoo, and Chery.
- Exceptional turnaround at ADA in Spain, with EBITDA up 162.1% to ZAR183.4 million, supported by growth in home delivery and industrial logistics.
- The acquisition of DIG Fleet Solutions contributed ZAR103.9 million in operating profit in just four months, boosting the Fleet Solutions division's operating profit by 54.3%.
- Return on net operating assets improved to 9.2% from 7.3%, nearing the strategic target of 10.4%.
- Challenging retail trading conditions in South Africa led to reduced margins and volumes at Lieben Logistics, impacting the refrigerated transport and convenience businesses.
- The average price mix of vehicles sold declined due to a shift toward lower-priced Chinese and Indian brands, pressuring dealership operating margins.
- Net gearing increased from 20.6% to 27.4%, reflecting higher capital expenditure and the consolidation of DIG, which may raise financial risk.
- The Group continues to face macroeconomic volatility in Southern Africa and Europe, with a marked drop in automotive parts distribution volumes in the industrial operations.
- Discontinued operations, including the closure of UK Hyundai and Suzuki dealerships and the sale of AMCO, indicate ongoing portfolio restructuring and potential asset write-downs.
- Free cash flow after expansionary capital expenditure was only ZAR399 million, limited by significant investment in new warehouses, vehicles, and pallets.
Good morning, ladies and gentlemen, and welcome once again to the Super Group Limited June 2026 year-end results webcast. This morning, as is customary, our Group CEO, Peter Mountford, as well as our Group CFO, Colin Brown, will take you through the results presentation that will be followed by a questions-and-answers session.
If you have any questions, please feel free to post them during the presentation. And at the conclusion, Peter and Colin will answer your questions. I now hand you over to Peter.
Good morning, ladies and gentlemen. Thank you for the introduction, John. The Super Group year-end presentation will commence with an overview of the financial highlights for the year to June 2026. This will be followed by an analysis of divisional performance for the continuing operations and an update on the status of the discontinued operation. Colin Brown, our Chief Financial Officer, will then take you through the detailed financial results for the year, and the
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