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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AVI's retained earnings for the quarter that ended in Dec. 2025 was R4,938 Mil.
AVI's quarterly retained earnings
increased
from Dec. 2024 (R4,459 Mil) to Jun. 2025 (R4,788 Mil) and
increased
from Jun. 2025 (R4,788 Mil) to Dec. 2025 (R4,938 Mil).
AVI's annual retained earnings
increased
from Jun. 2023 (R4,786 Mil) to Jun. 2024 (R5,334 Mil) but then
declined
from Jun. 2024 (R5,334 Mil) to Jun. 2025 (R4,788 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
AVI Retained Earnings Historical Data
* Premium members only.
The historical data trend for AVI's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
AVI (JSE:AVI) has a Retained Earnings of R4,938 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on AVI and its competitors.
Is AVI's Retained Earnings too high?
AVI's current Retained Earnings is R4,938 Mil. Overall, AVI has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AVI's Retained Earnings compare to KHC and GIS?
AVI's Retained Earnings of R4,938 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AVI and its competitors. AVI's current Retained Earnings is R4,938 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVI stock overvalued right now?
Based on GuruFocus' analysis, AVI (JSE:AVI) is currently considered Fairly Valued. The stock's GF Value™ is R98.07, compared to a current price of R90.00 — trading 8.2% below its estimated fair value. The current Retained Earnings is R4,938 Mil. AVI's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AVI (JSE:AVI), the current Retained Earnings is R4,938 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AVI (JSE:AVI) Overvalued in 2026?
Based on GuruFocus' analysis, AVI stock appears to be undervalued.
The current stock price of R90.00 is trading 8.2% below its estimated GF Value™ of R98.07.
GuruFocus considers AVI to be Fairly Valued.
Key valuation signals for JSE:AVI:
Retained Earnings: R4,938 Mil
GF Value™: R98.07 vs. price of R90.00 (8.2% below fair value)
No single metric tells the full story. See the JSE:AVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVI Ltd owns and manages a portfolio of various brands, with various product categories such as hot beverages, biscuits and snacks, frozen food, personal care products, cosmetics, and fashion supplies. These brands share the group's IT, finance, human resources, logistics, marketing, and procurement services. Its reportable segments are: Food and Beverage brands (comprising Entyce Beverages, Snackworks, and I&J), Fashion brands (comprising its Personal Care and Footwear & Apparel brands), and Corporate. The majority of its revenue is generated from the Food and Beverage brands segment, which includes its brands offering tea, coffee, creamer, sweet and savoury biscuits, baked and fried potatoes, maize snacks, seafood, etc. Geographically, it generates maximum revenue from South Africa.
94GF Score
Get the complete analysis for JSE:AVI
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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