Alan Dickson
Group CEO & Govt Director
Good morning, girls and gents, and welcome to Reunert’s outcomes presentation for the yr that ended 30 September 2025. I am Alan Dickson, the Group Chief Govt; and along with Mark Kathan, our Group Chief Monetary Officer, shall be presenting our outcomes at present. This can be a prerecorded webcast with a reside Q&A session instantly after the webcast.
2025 was a difficult yr for the group as robust macroeconomic circumstances and world volatility had been evident all year long. This was particularly true within the South African atmosphere, the place as we guided in our half yr prospect assertion, the macroeconomic circumstances stay difficult.
Pleasingly, Reunert’s technique of accelerating our non-South African revenues offered good outcomes and largely offset the difficult South African atmosphere that we confronted. In South Africa, regardless of there being stable progress made in the direction of bettering a number of of the nation’s key structural impediments to speed up financial progress, the actual impression on the bottom is but to be felt.
The important thing drivers of Reunert’s progress, that are mirrored within the macroeconomic indicators of GDP and enterprise confidence for our ICT phase, and gross home mounted funding, or GDFI, for the Electrical Engineering phase, all tracked negatively by way of this yr.
South Africa’s infrastructure funding particularly decreased year-on-year and fell nicely beneath each authorities commitments and expectations. We do, nevertheless, imagine that this lower shall be momentary, however on this monetary yr, it fell to the extent that it negatively impacted each the Electrical Engineering phase and the general group’s monetary outcomes.
Conversely, our non-South African markets have significantly better macroeconomic dynamics and their normal progress charges stay
