Cashbuild reported HEPS up 10% to 1,040c for FY25, supported by stronger operating profit and lower impairments compared to the prior year. Revenue rose 3% to R11.5bn, or 5% on a comparable 52-week basis, with existing stores up 2% and new stores contributing 1%. Gross margin edged higher to 24.8%, while operating expenses declined 3% due to prior year impairments and the extra trading week. The dividend increased 12% to 626c, reflecting improved cash generation and a stronger balance sheet despite challenging trading conditions.
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