JSE-Listed Motus Lifts Earnings, Dividends Despite Revenue Dip

AFRICAN STOCKS AND FINANCESeptember 2, 2025 at 11:50 AM UTC

TLDR

Motus Holdings reported stronger earnings and dividends for the year ended June 30, 2025, despite a slight decline in revenue
Headline earnings per share rose 5% to 1,548 cents, and earnings per share increased 1% to 1,468 cents
The group declared a total dividend of 550 cents, up 6% from last year, comprising an interim dividend of 240 cents and a final dividend of 310 cents payable on October 6

Motus Holdings reported stronger earnings and dividends for the year ended June 30, 2025, despite a slight decline in revenue. Group revenue edged down 1% to R112.6 billion, while operating profit was stable at R5.48 billion.

Headline earnings per share rose 5% to 1,548 cents, and earnings per share increased 1% to 1,468 cents. The group declared a total dividend of 550 cents, up 6% from last year, comprising an interim dividend of 240 cents and a final dividend of 310 cents payable on October 6. The announcement pushed the share price up more than 4.5%.

Profit before tax grew 4% to R3.34 billion, supported by a 13% reduction in net finance costs to R1.9 billion. Attributable profit rose 1% to R2.45 billion. Operating cash flow improved 60% to R5.7 billion, while net asset value per share climbed 11% to 11,305 cents. Vehicle sales rose to 206,010 units from 202,623.

Motus reduced debt by R4.2 billion and secured R7 billion in sustainability-linked financing. The group also received its first GCR credit rating of AA-(ZA) with a stable outlook.

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Key Takeaways

Motus’s results highlight the resilience of South Africa’s largest vehicle distributor in a weak consumer environment. Although revenue slipped, the company maintained profitability through effective cost control, lower finance charges, and improved cash generation. Its dividend growth signals confidence in earnings stability, which the market rewarded with a share price gain. The group’s diversification remains a strength. South Africa accounted for 56% of revenue and 65% of EBITDA, while international operations across the UK, Australia, Asia, and other African markets contributed the rest. The company employs more than 20,000 people and operates across import and distribution, retail and rental, mobility services, and aftermarket parts. With debt cut and sustainability-linked funding secured, Motus is positioning for growth. Management expects higher operating profit and headline earnings in the first half of 2026, suggesting improved momentum even as consumer demand faces pressure from tighter credit and competition.

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