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FSR · JSE · South Africa · Financials
In shortFirstRand is profitable.
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 24.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.0% | 75/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 19.6% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.81× | n/a |
| Years with positive free cash flow (last 5) | 4 of 4 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 4 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 8.1% | 81/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.9% | 38/100 |
|---|---|---|
| EPS growth, 3-year average | -0.4% | 23/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Figures from the company's published annual accounts, as collected by Yahoo Finance, in the reporting currency.
Annual figures as reported. Hover a bar or point for the exact value.
The same model applied each year to the statements published at the time: the score is never recalculated with later information.
The last 4 fiscal years from the company's annual reports.
ZAR millions; negative values in parentheses.
| Fiscal year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 131,999 | 141,344 | 134,230 | 148,170 |
| Selling, general & admin | 7,210 | 6,905 | 6,610 | 7,217 |
| Interest expense | 75,461 | 106,070 | 91,298 | 85,142 |
| Pre-tax income | 50,849 | 53,021 | 53,160 | 53,640 |
| Income tax | 12,172 | 11,841 | 11,473 | 11,727 |
| Net income | 36,331 | 38,191 | 41,876 | 35,749 |
| Diluted EPS | ZAR6.48 | ZAR6.81 | ZAR7.48 | ZAR6.40 |
| Diluted shares (millions) | 5,606 | 5,605 | 5,599 | 5,585 |
Not computed: the model does not apply to banks and insurers.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: Yahoo Finance. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated –