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FINANCIAL Highlights

A snapshot overview of Blue Label’s performance for the year ended 31 May 2024:

Revenue of
R14.6 billion*

Increase in gross profit margin from
18.41% to 22.57%

Decrease in gross profit of 5% to
R3.3 billion
(2023: R3.48 billion)

Core headline earnings of
76.08 cents per share**
(2023: 45.55 cents per share)

* On inclusion of the gross amount generated on "PINless top-ups", prepaid electricity, ticketing and universal vouchers, the effective increase equated to 16% from R76.8 billion to R89.3 billion.
** Excluding the positive contributions of R66 million in the current year and the negative contributions of R523 million in the prior year, primarily resulting from the recapitalisation transaction of Cell C, core headline earnings per share declined by 34% to 68.66 cents per share compared to 104.83 cents per share in the prior year.