adminAlan Dickson
Group CEO & Executive Director
Good morning, ladies and gentlemen, and welcome to Reunert’s results presentation for the year that ended 30 September 2025. I’m Alan Dickson, the Group Chief Executive; and together with Mark Kathan, our Group Chief Financial Officer, will be presenting our results today. This is a prerecorded webcast with a live Q&A session immediately after the webcast.
2025 was a challenging year for the group as tough macroeconomic conditions and global volatility were evident throughout the year. This was specifically true in the South African environment, where as we guided in our half year prospect statement, the macroeconomic conditions remain challenging.
Pleasingly, Reunert’s strategy of increasing our non-South African revenues provided good results and largely offset the challenging South African environment that we faced. In South Africa, despite there being solid progress made towards improving several of the country’s key structural impediments to accelerate economic growth, the real impact on the ground is yet to be felt.
The key drivers of Reunert’s growth, which are reflected in the macroeconomic indicators of GDP and business confidence for our ICT segment, and gross domestic fixed investment, or GDFI, for the Electrical Engineering segment, all tracked negatively through this year.
South Africa’s infrastructure investment specifically decreased year-on-year and fell well below both government commitments and expectations. We do, however, believe that this decrease will be temporary, but in this financial year, it fell to the extent that it negatively impacted both the Electrical Engineering segment and the overall group’s financial results.
Conversely, our non-South African markets have much better macroeconomic dynamics and their general growth rates remain
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