SENS-AI
SPG Results Bullish

SUPER GROUP LIMITED - Summarised Financial Final Results and Cash Dividend Declaration for the year ended 30 June 2026

Super Group Limited
Full analysis

What this filing means

A strong operating result that lands inside the range the company guided on 5 August. Super Group grew revenue 6.2% to R45.83 billion and EBITDA 15.5% to R4.16 billion, with HEPS up 36.0% to 334.6 cents — within the 328.7 to 346.7 cents continuing-operations range. The share had fallen 18.1% ahead of the print, so the result arrives against a depressed price. The dividend is the one clear step-down: 55 cents replaces last year's R16.30 special dividend.

Super Group made meaningfully more profit than last year — earnings per share up 36% — and the share had already fallen a lot before this news, so the good result lands against a depressed price. The one thing that is clearly smaller is the cash payout to shareholders: 55 cents this year versus a R16.30 special dividend last year. That is a big step-down, but it was a special dividend, not a regular one.

Bull case

  • EBITDA grew 15.5% to R4.16bn on revenue up 6.2% to R45.83bn — clear margin expansion.
  • HEPS rose 36.0% to 334.6 cps, landing within the continuing-ops guidance range of 328.7-346.7 cps set on 5 August 2026.
  • Operating profit jumped 26.6% to R2.37bn from R1.88bn restated for continuing operations.
  • PBT grew 33.5% to R1.77bn from R1.33bn restated, outpacing operating profit growth.

Bear case

  • Final dividend of 55 cents per share replaces the prior year's 1,630 cents per share special dividend — a material step-down in cash returned to shareholders.
  • Cash flow reconciliation awaits the full annual financial statements; this short-form announcement does not include operating cash flow or free cash generation figures.
View original SENS announcement

AI-generated summary by SENS-AI, based on the original JSE SENS filing.

SENS-AI conclusion

A real operating result against a depressed share price. The 36% HEPS growth and 15.5% EBITDA expansion are genuine, and the 18.1% pre-print sell-off means the share had fallen sharply before this print. The result lands inside the guidance range, so the upside surprise is limited, and the dividend step-down is material — but the prior year's R16.30 was a special dividend, not a recurring payout. So what: the operating engine is clearly working, but the market still needs the full accounts to confirm cash conversion and the sustainability of the margin expansion.

The full annual financial statements are where the market will test whether the 15.5% EBITDA growth is backed by operating cash flow.

Evidence from the filing

  • Final dividend of 55 cents per share replaces the prior year's 1,630 cents per share special dividend — a material step-down in cash returned to shareholders.

    “a final gross dividend of 55 cents per share (2025: special dividend of 1 630 cents per share, no final dividend) has been declared out of income reserves”

  • EBITDA grew 15.5% to R4.16bn on revenue up 6.2% to R45.83bn — clear margin expansion.

    “EBITDA increased by 15.5% to R4.16 billion (June 2025: R3.60 billion*)”

  • HEPS rose 36.0% to 334.6 cps, landing within the continuing-ops guidance range of 328.7-346.7 cps set on 5 August 2026.

    “Headline earnings per share increased by 36.0% to 334.6 cents (June 2025: 246.1 cents*)”

  • Operating profit jumped 26.6% to R2.37bn from R1.88bn restated for continuing operations.

    “Operating profit increased by 26.6% to R2.37 billion (June 2025: R1.88 billion*)”

  • PBT grew 33.5% to R1.77bn from R1.33bn restated, outpacing operating profit growth.

    “Profit before taxation increased by 33.5% to R1.77 billion (June 2025: R1.33 billion*)”
Category
Results
Event posture
Constructive
Published
Sep 8, 2026

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