Wrap Text
Results for the six months ended 31 December 2025 and interim dividend
AVI LIMITED
Registration number: 1944/017201/06
JSE and A2X share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group" or "the Company")
RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2025, AND INTERIM DIVIDEND
Key statistics and features
% change
Revenue 4,9
Gross profit 6,3
Operating profit 11,6
Headline earnings 12,3
Headline earnings per share 11,7
Earnings per share 10,6
- Sound profit growth in a consumer environment which remains constrained
- Group revenue increased by 4,9%
- Sales volume growth in biscuits supported by innovation
- Strong December performance in the fashion retail portfolio with higher footwear volumes
- Gross margins well managed in a complex environment
- I&J fishing profits improved, partially offset by continued pressure in the abalone business
- R39,4 million benefit realised from restructuring initiatives implemented last year
- Group operating profit increased by 11,6%
- Headline earnings per share up 11,7% to 455,1 cents
- Robust cash generation
- Return on capital employed of 35,9% for the 12 months to December 2025
- Interim dividend of 245 cents per share, up 11,4%
This short-form announcement is the responsibility of the directors, and has not been reviewed or audited by
the Group's auditors. The short-form announcement is only a summary of the information in the full announcement.
Any investment decision should be based on the full announcement.
The full announcement can be found
- On the JSE's website at https://senspdf.jse.co.za/documents/2026/jse/isse/AVI/AVIH1F26.pdf
- On the Company's website at https://www.avi.co.za/investor/results-and-presentations/current-year
Copies of the full announcement may also be requested at the Company's registered office and offices of our
sponsor, at no charge, during office hours.
Interim dividend
Notice is hereby given that a gross interim ordinary dividend No. 108 of 245 cents per share for the six months
ended 31 December 2025 has been declared payable to shareholders of ordinary shares. The dividend has been
declared out of income reserves and will be subject to dividend withholding tax at a rate of 20%. Consequently
a net interim dividend of 196 cents per share will be distributed to those shareholders who are not exempt from
paying dividend tax. In terms of dividend tax legislation, the dividend tax amount due will be withheld and paid
over to the South African Revenue Services by a nominee company, stockbroker or Central Securities Depository
Participant ("CSDP") (collectively "regulated intermediary") on behalf of shareholders. However, all shareholders
should declare their status to their regulated intermediary, as they may qualify for a reduced dividend tax rate
or exemption. AVI's issued share capital at the declaration date is 341 499 966 ordinary shares. AVI's tax reference
number is 9500/046/71/0. The salient dates relating to the payment of the dividend are as follows:
Last day to trade cum dividend on the JSE Tuesday, 7 April 2026
First trading day ex dividend on the JSE Wednesday, 8 April 2026
Record date Friday, 10 April 2026
Payment date Monday, 13 April 2026
In accordance with the requirements of Strate Limited, no share certificates may be dematerialised or rematerialised
between Wednesday, 8 April 2026, and Friday, 10 April 2026, both days inclusive.
Dividends in respect of certificated shareholders will be transferred electronically to shareholders' bank accounts on
payment date. Following the discontinuation of cheque payments by most South African banks, AVI will no longer issue
cheques and all future payments will only be made into a nominated bank account by electronic funds transfer.
Shareholders who have not yet provided their bank account details to Computershare Investor Services Proprietary
Limited are reminded to contact Computershare on 0861 100 950 with their bank account details into which the dividends
can be paid electronically. Shareholders who hold dematerialised shares will have their accounts at their CSDP or
broker credited on Monday, 13 April 2026.
By order of the Board
Mike Watters Simon Crutchley
Chairman CEO
9 March 2026
Sponsor
The Standard Bank of South Africa Limited
Date: 09-03-2026 07:05:00
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