JSE-listed Omnia Holdings' profits continue to soar despite unstable market conditions

Bruce Whitfield speaks to Omnia CEO, Seelan Gobalsamy.

Listen to the interview in the audio below.

Omnia Holdings on Monday published its annual results for the year ended 31 March 2024, reporting strong cash generation, improved margins and sustained profitability.

This despite a substantial decline in commodity prices and volatile market conditions.

Omnia supplies chemicals and specialised services and solutions for the agriculture, mining, and chemical application industries.

According to Omnia CEO, Seelan Gobalsamy, its solid financial position was maintained through effective management of working capital which decreased from R4.2 billion to R3.6 billion, and rigorous cost control which returned healthy cash generation of R3 billion.

Omnia reported an operating profit for the year of R1.7 billion.

Omnia declared an ordinary dividend and a special dividend of 375 cents per share and 325 cents per share respectively, bringing the total distribution to shareholders for the year to R1.2 billion

Speaking to Bruce Whitfield on The Money Show, Gobalsamy says they company has done amazingly well since a restructure in 2019.

"How we achieved all of that is focusing on our core. Focusing on agriculture and mining, and being very disciplined with our operating margins, our earnings, our profits, management of capital."

- Seelan Gobalsamy, CEO - Omnia

"Going out and doing what we say we would do. We said we would expand globally, and diversify earnings a little bit away from agriculture into mining."

- Seelan Gobalsamy, CEO - Omnia

"If you look at our results that we posted now, that's what we've been able to show. Since 2019, a R4bn cash distribution to shareholders."

- Seelan Gobalsamy, CEO - Omnia

Scroll up to the audio player to listen to the interview.