Boxer Retail (JSE:BOX) Retained Earnings: R3,587 Mil (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:BOX Boxer Retail Ltd JSE:BOX
18 GF Score
Price R75.48
! 2 Warning Signs
View Full Analysis

What is Boxer Retail Retained Earnings?

Boxer Retail JSE:BOX +0.47% 18 Retained Earnings is R3,587 Mil as of Feb. 2026. GuruFocus rates JSE:BOX with a GF Score™ of 18/100. The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Boxer Retail's retained earnings for the quarter that ended in Feb. 2026 was R3,587 Mil.

Boxer Retail's quarterly retained earnings increased from Feb. 2025 (R2,142 Mil) to Aug. 2025 (R2,688 Mil) and increased from Aug. 2025 (R2,688 Mil) to Feb. 2026 (R3,587 Mil).

Boxer Retail's annual retained earnings increased from Feb. 2024 (R1,891 Mil) to Feb. 2025 (R2,142 Mil) and increased from Feb. 2025 (R2,142 Mil) to Feb. 2026 (R3,587 Mil).


Boxer Retail  (JSE:BOX) Retained Earnings Explanation

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.


Boxer Retail Retained Earnings Historical Data

* Premium members only.

The historical data trend for Boxer Retail'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.

Boxer Retail Retained Earnings Chart

Boxer Retail Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Retained Earnings
2,006.00 947.00 1,891.00 2,142.00 3,587.00

Boxer Retail Semi-Annual Data
Feb22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Retained Earnings Get a 7-Day Free Trial 1,891.00 -6,277.00 2,142.00 2,688.00 3,587.00
JSE:BOX
18GF Score
Boxer Retail Ltd JSE:BOX
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boxer Retail Retained Earnings Calculation

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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of R3,587 Mil mean?
Boxer Retail (JSE:BOX) has a Retained Earnings of R3,587 Mil as of Feb. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Boxer Retail and its competitors.
Is Boxer Retail's Retained Earnings too high?
Boxer Retail's current Retained Earnings is R3,587 Mil. Overall, Boxer Retail has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Boxer Retail's Retained Earnings compare to DDS and M?
Boxer Retail's Retained Earnings of R3,587 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Retained Earnings depends on the Retail - Cyclical 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 Boxer Retail and its competitors. Boxer Retail's current Retained Earnings is R3,587 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boxer Retail stock overvalued right now?
Boxer Retail (JSE:BOX) has a current Retained Earnings of R3,587 Mil. The current Retained Earnings is R3,587 Mil. Boxer Retail's overall GF Score™ is 18/100 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 Boxer Retail (JSE:BOX), the current Retained Earnings is R3,587 Mil as of Feb. 2026. 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.

Boxer Retail Business Description

Address 41 The Boulevard, PO Box 370, Westend Office Park, Westville, NL, ZAF, 3630
Boxer Retail Ltd is engaged in the retail of food, health and beauty products, general merchandise and liquor, and additional value-added services, in South Africa and Eswatini. The group has one operating segment, namely Boxer Group which includes all retail operations under the Boxer Superstores, Boxer Build and Boxer Liquors brands selling products such as groceries, general merchandise and liquor.
18GF Score

Get the complete analysis for JSE:BOX

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R75.48
Price