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Group financial results and cash dividend declaration for the year ended 29 June 2025
Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2024/200346/06)
ISIN: ZAE000334850
Share code: RBO
("Rainbow" or "the Company" or "the Group")
GROUP FINANCIAL RESULTS AND CASH DIVIDEND DECLARATION FOR THE YEAR ENDED 29 JUNE 2025
- Revenue from operations is up 9.0% to R15,8 billion
- Earnings before interest, taxes, depreciation and amortisation (EBITDA) are up 66.2% to R1,059 billion
- Earnings per share (EPS) are 64.04 cents, up 216.3%
- Headline earnings per share (HEPS) are 65.57 cents, up 223.6%
FINANCIAL RESULTS
29 June 30 June
2025 2024
R'000 R'000 % Change
Revenue 15 838 044 14 527 425 9.0
EBITDA 1 058 677 637 174 66.2
EBITDA margin % 6.7 4.4 2.3 ppts
Earnings attributable to equity holders of the Company 571 163 180 241 216.9
EPS (cents) 64.04 20.25 216.3
Headline earnings 584 830 180 333 224.3
HEPS (cents) 65.57 20.26 223.6
Dividends per share (cents) 20.00 0 100.0
Total Assets 8 537 906 7 149 386 19.4
Total Liabilities 3 901 395 3 121 351 25.0
Since Rainbow's listing on the Johannesburg Stock Exchange on 26 June 2024, the entity has been marked by strong
progress and encouraging financial results for the year ended 29 June 2025. The Group's turnaround strategy is far
progressed, underpinned by enhanced feed quality, refined agricultural performance and disciplined cost
management. These efforts, combined with lower commodity input costs and a reduction in expenses related to
loadshedding and Avian Influenza, have significantly contributed to improved profitability.
Revenue growth for the period resulted from an optimised sales channel strategy, enhanced product mix
management, and higher volumes. The Animal Feed Division demonstrated strong performance, achieving margin
expansion by improving operational efficiency and effectively responding to market conditions.
The Group's enhanced profitability, supported by lower finance costs resulting from recapitalisation prior to
unbundling, has driven substantial improvements in both EPS and HEPS compared to the previous year, as well as a
marked increase in available cash. In recognition of this solid financial position, the Board of Directors has declared
a cash dividend of 20.0 cents per share.
DECLARATION OF ORDINARY DIVIDEND No. 1
Notice is hereby given that the Board of Directors has approved a final gross cash dividend (number 1) of 20.0 cents
per ordinary share (16.0 cents per share net of dividend withholding tax) for the year ended 29 June 2025. The
dividend has been declared from income reserves. A dividend withholding tax of 20% will be applicable to all
shareholders who are not exempt.
The issued share capital at the declaration date is 893 029 748 listed ordinary shares. The Company's tax reference
number is 9031711303.
The salient dates for the dividend will be as follows:
Publication of declaration data Thursday 28 August 2025
Last date to trade 'cum' the dividend Monday 22 September 2025
Shares commence trading 'ex' the dividend Tuesday 23 September 2025
Record date Friday 26 September 2025
Dividend Payment date Monday 29 September 2025
Share certificates may not be dematerialised or re-materialised between Tuesday, 23 September 2025 and Friday,
26 September 2025, both days inclusive.
AVAILABILITY OF THE GROUP AUDITED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS
Shareholders are advised that this results announcement, which is the responsibility of the Board of Directors of the
Company, is a summary extract of the information contained in the summary consolidated annual financial
statements and cash dividend declaration for the year ended 29 June 2025. Any investment decisions by
investors and/or shareholders should be based on consideration of the summary consolidated annual financial
statements as this results announcement does not provide all the details.
With respect to the audited consolidated annual financial statements for the year ended 29 June 2025, the auditors,
Ernst and Young Inc., have issued an unqualified audit opinion in terms of the International Standards on Auditing.
The auditors unqualified audit opinion in terms of International Standards on Auditing, along with their key audit
matters and the audited consolidated annual financial statements are available upon request by contacting the
company secretary at kay.mtemererwa@rainbowchicken.com.
The summary consolidated annual financial statements are available through the JSE cloudlink at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/RBOE/28082025.pdf
and on Rainbow's website:
https://rainbowchickens.co.za/wp-content/uploads/2025/08/2025-Rainbow-Chicken-Limited-Group-Financial-
Results.pdf
Centurion
28 August 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28-08-2025 07:05:00
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