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CASHBUILD LIMITED - Second Quarter Operational Update FY 2025

Release Date: 23/01/2025 10:11
Code(s): CSB     PDF:  
Wrap Text
Second Quarter Operational Update – FY 2025

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
ISIN: ZAE000028320
JSE share code: CSB
("Cashbuild" or "the Group")

SECOND QUARTER OPERATIONAL UPDATE – FY 2025

Cashbuild herewith provides its voluntary quarterly operational update for the second quarter of the 2025
financial year ("second quarter").

Revenue for the second quarter for the Group increased by 6% compared to the second quarter of the prior
financial year ("the comparative period"). For the 309 existing stores (in existence prior to July 2023), revenue
from existing stores increased by 5% and the 9 new stores, contributed 1% growth. This, combined with the
results reported in the first quarter of FY 2025, equates to an increase in revenue for the half year ended 29
December 2024 ("half year" or "HY2025") of 5% compared to the prior half year ended 24 December 2024
("HY2024").

Transactions through the tills during the second quarter for the Group increased by 8% (half year: 5%) compared
to the comparative period, with existing stores increasing by 7% (half year: 4%) and new stores contributing 1%
(half year: 1%).

Selling inflation was 1.5% at the end of December 2024 compared to HY2024.

The revenue performance breakdown per operating segment is reflected in the following table:

 Revenue performance HY2025 versus HY2024
 Operating Segment                                     Percentage      Total       New         Existing
                                                        of Total      Growth      Growth       Growth
                                                         Sales          %           %            %
 Cashbuild South Africa                      Q1            82           6           1             5
                                             Q2            83           6           1             5
                                          Half Year        83           6           1             5

 Cashbuild Common Monetary Areas             Q1              6           (2)          -           (2)
                                             Q2              6            1           -            1
                                          Half Year          6            -           -            -

 Cashbuild Other *                           Q1              4           (4)          -           (4)
                                             Q2              4           (1)          -           (1)
                                          Half Year          4           (2)          -           (2)

 P&L Hardware South Africa                   Q1              8            9          1             8
                                             Q2              7            6          -             6
                                          Half Year          7            7          -             7

 Total Group                                 Q1            100            5          1             4
                                             Q2            100            6          1             5
                                          Half Year        100            5          1             4
*Botswana and Malawi

During the second quarter, the Group opened 3 new stores (half year: 3), closed 6 underperforming stores (half
year: 7), refurbished 11 stores (half year: 14) bringing the total number of stores trading at the end of the half
year to 318.

The information contained in this operational update has not been reviewed or reported on by Cashbuild's
auditors.

23 January 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 23-01-2025 10:11:00
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