2025
INTEGRATED ANNUAL REPORTfor the year ended 30 September 2025

Group profile

Our strategic ambitions are driven by our five thrusts, anchored by our enablers and underpinned by our winning behaviours and core values.

  • Achieve revenue growth ahead of inflation
  • Unlock value to achieve double-digit EBIT margin
  • Focus portfolio in categories and focus brands
  • Improve balance sheet returns to achieve target ROIC
  • Grow ahead of the market
  • Become the employer of choice for the best talent with the highest level of engagement

Strategic thrusts

Shaping our portfolio
of the future

Cost
leadership

Rejuvenate
our brands

Executing
growth platforms

Superior
channel presence

Our key enablers

  • Ignite our people
  • Federated operating model
  • Game-changing innovation
  • Competitive digital capabilities
  • Competitive manufacturing
  • Sustainable agricultural sourcing

Further details on our strategy can be found here

Our primary business is providing everyday food, beverages, and essential home and personal care products to markets in Southern Africa. We also export to large and growing markets across the rest of the African continent. We target best-in-class profitability, underpinned by a cost leadership culture and a strong commitment to sustainable agricultural sourcing.

Milling and Baking

Revenue

R8.6 bn

Operating income

R0.8 bn

Focus brands

Grains

Revenue

R7.0 bn

Operating income

R0.7 bn

Focus brands

Culinary

Revenue

R10.2 bn

Operating income

R1.1 bn

Focus brands

Snacks, Treats and Beverages

Revenue

R6.0 bn

Operating income

R0.8 bn

Focus brands

Home and Personal Care

Revenue

R2.6 bn

Operating income

R0.5 bn

Focus brands