Cashbuild revenue up 3% to R11.5bn

Cashbuild Limited posted solid results for the year ended 29 June 2025, with revenue up 3% to R11.5 billion. The board declared a total dividend of 626 cents per share, an increase of 12% on the prior year.

Headline earnings rose 8% to R216.2 million, while earnings per share more than doubled to 1 042 cents. Net asset value per share grew 4% to R79.96. Operating profit climbed 28% to R344 million, lifting the operating margin to 3% from 2.5% in 2024.

Customer activity showed encouraging momentum, with transactions rising by 5.8%. Average selling price inflation remained steady at 1.7%, though the average basket size dipped 1.1% to R729 as more retail shoppers, rather than bulk “bakkie” builders, contributed to sales.

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During the year, Cashbuild opened seven Cashbuild stores and one P&L Hardware store. The group also closed 12 underperforming outlets, mainly within P&L Hardware. The group currently has over 300 stores.

CEO Werner de Jager said: “As we look ahead to 2026, we remain cautiously optimistic despite the unrelenting challenges facing our core customer base. Consumer sentiment remains fragile, especially among lower-income households. Although some relief has come through social support measures and lower interest rates, the persistently high cost of living, including energy costs, has eroded disposable income and dampened spending confidence.”

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