Metair HEPS increased 11% to 72c, while HEPS from continuing operations increased 4% to 71c. Revenue was broadly flat at R8.54bn, while EBITDA increased 8% to R760m. The reported EPS turnaround is much larger (72c vs a 93c loss) but is distorted by the R306m once-off Hesto capital loss in H1 2025. Cash generated from operations improved materially to R189m from an outflow of R122m.
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