Rupert's Remgro hikes dividend as bulk of portfolio ups earnings, Heineken returns to profitability

The Money Show's Stephen Grootes is joined by Carel Vosloo, Remgro's head of  investment activities.

Remgro, chaired by Johann Rupert, has reported a strong set of results for the year to end-June 2025, on the back of stronger operational performances from investee companies.

Headline earnings increased by 38.6% to R7.827 billion, compared to R5.647 billion for the previous year.

The investment holding company said sustained momentum resulted in continued improvements in earnings contributions across the portfolio, with more than 80% of Remgro’s portfolio achieving growth in headline earnings for the year under review.

Headline earnings per share (HEPS) were up a comparable 38.4% to R14.09, from R10.18 in 2024.

Total earnings amounted to R3.3 billion (2024: R1 241 million).

Mediclinic, OUTsurance, Rainbow Chicken and RCL Foods were among the standout performers contributing to a rise in group earnings.

The company declared a gross ordinary dividend per share for the full year of 344 cents (2024: 264 cents) and a bonus dividend 200 cents, which takes total dividends for FY2025 to over R5 a share.

Remgro's head of investment activity, Carel Vosloo, says their full-year performance reflects a step in the right direction, following the previous period.

"It's a good set of results compared to where we were last year... It was great to see positive earnings momentum across the portfolio. With more than 80% showing improved earnings, that is certainly a good result from us."

Carel Vosloo, Head of Investment Activities - Remgro

Heineken Beverages also returned to profitability, driven by volume growth and margin recovery.

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"There is no question the beer market still has growth in South Africa... And while   it's an extremely competitive market as well, good strides here also in the right  direction."

Carel Vosloo, Head of Investment Activities - Remgro

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