Despite modest revenue growth and higher costs, Cashbuild made a significantly higher profit in its 2025 financial year.
Cashbuild is one of southern Africa’s largest retailers of building materials and associated products.
The company released its results for the year ended 29 June 2025 on Wednesday, 3 September, which showed a mixed performance for the group.
Its revenue grew by 2.56% to R11.48 billion, while its cost of sales increased by 2.50% to R8.63 billion.
Despite these modest increases, Cashbuild reported profit growth of 161.27% to R228.81 million.
Basic earnings per share also rose by around 163% to 1,042.5 cents per share. The company’s net asset value per share increased by 4% to 7,996 cents.
This is partly due to a significant jump in the group’s other income, which grew by 546.41% to R71.17 million, largely because of sundry income from once-off refundable customer accounts of R57.7 million.
In addition, Cashbuild’s effective tax rate of 26.5% for the year was lower than the 36.6% recorded in the prior year, mainly impacted by a non-tax deductible impairment of P&L Hardware goodwill in 2024.
Cashbuild’s cash and short-term funds increased to R1.9 billion due to June 2025 suppliers’ payments processed in July 2025, in contrast to the prior year, where the payments were processed in June 2024.
During the year, the company opened eight new stores and closed 12 under-performing stores. It further refurbished 26 Cashbuild stores and relocated 1 P&L Hardware store.
Cashbuild said it plans to continue its store expansion, relocation, and refurbishment strategy in a controlled manner, through its feasibility process. It added that the opening of the Cashbuild Small Model Stores remains on track.
Cashbuild’s board declared a final dividend of 300 cents per share, up from 236 cents in 2024.