Strategy and performance review

Organic growth

Income

R6 047 million 2023: R5 081* million

Ebitdar

R1 902 million 2023: R1 436* million

Ebitdar margin

31% 2023: 28%*

Adjusted headline profit/(loss)

56.4 cents 2023: 30.0 cents*

Free cash flow

R970 million 2023: R753 million

Maintenance capital expenditure

R298 million 2023: R104 million

* Excludes the Separation Payment of R399 million and includes discontinued operations.

A company has to stay in business to be able to take advantage of the commercial opportunities that are presented to it.

Growth


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