AECI Ltd (GB:87FZ)
LSE:87FZ
Want to see GB:87FZ full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026Before Open (Not Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly constructive financial and operational picture: strong margin recovery, record mining EBITDA, substantial cash generation, major deleveraging and completed disposals set a stronger platform for disciplined growth. Notable negatives include non-trivial impairments that increased the reported tax rate, a meaningful revenue decline (particularly in mining due to temporary disruptions), a customer credit provision in Chemicals, and modest near-term expansion capex with some project timing delays. Management emphasizes stabilization (Modderfontein), disciplined capital allocation and margin-led growth, indicating that the positives (profitability, cash, balance sheet) materially outweigh the challenges.Company Guidance
Record Mining EBITDA and improved profitability
AECI Mining delivered a record EBITDA of ZAR 2.7 billion, up 19% year-on-year, despite mining revenue declining 18%. Profits from operations in mining increased 35%, free cash flow from mining rose 34%, and ROIC increased to ~24%. Key drivers included a favourable product mix (electronic detonators +12% year-on-year), >10% reduction in operating costs, and tightened contract governance.
Group EBITDA growth and margin expansion
Group EBITDA grew 12% year-on-year and EBITDA margin improved by 2 percentage points to 11% (from 9%), driven by disciplined pricing, product mix and structural margin management across core businesses.
Strong cash generation and working capital improvement
Excellent free cash flow performance: Chemicals free cash flow conversion of 133% (ZAR 1.2 billion) and Mining free cash flow of ZAR 1.5 billion. Group operational cash flow was ZAR 3.55 billion. Working capital reduced from ZAR 5.5 billion to ZAR 4.7 billion (release of ZAR 800 million) and working capital ratio improved from 16% to 15%.
Material deleveraging and balance sheet strength
Net debt reduced substantially from ZAR 3.7 billion to ZAR 465 million; gearing reduced from ~31% to 4% and net debt-to-EBITDA fell to ~0.1x (well below covenant of 2.5x). Undrawn facilities exceed ZAR 5 billion, providing capacity for disciplined growth investment.
Significant improvement in earnings per share and shareholder returns
Headline earnings per share (HEPS) increased 53% from ZAR 7.16 to ZAR 10.98. The Board declared a final dividend of ZAR 1.28, bringing total dividends to ZAR 2.28 per share for the year, a 4% increase versus prior year, aligned to a dividend-cover policy.
Portfolio optimization and disposal proceeds
Most targeted disposals completed (Schirm U.S.A., Baar-Ebenhausen, Food & Beverage), generating cash proceeds of approximately ZAR 2.2 billion and contributing to working capital release and balance sheet improvement.
Safety and sustainability progress
No fatalities during the year and TRIR improved from 0.31 to 0.20. The company launched a new broad-based community scheme and an employee share scheme.
GB:87FZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:87FZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | 65.75 p | 65.75 p | 0.00% |
Jul 30, 2025 | 63.00 p | 63.00 p | 0.00% |
Feb 26, 2025 | 60.36 p | 60.36 p | 0.00% |
Jul 31, 2024 | 57.84 p | 57.84 p | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AECI Ltd (GB:87FZ) report earnings?
AECI Ltd (GB:87FZ) is schdueled to report earning on Aug 05, 2026, Before Open (Not Confirmed).
What is AECI Ltd (GB:87FZ) earnings time?
AECI Ltd (GB:87FZ) earnings time is at Aug 05, 2026, Before Open (Not Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of AECI Ltd stock?
The P/E ratio of AECI Ltd is N/A.
What is GB:87FZ EPS forecast?
Currently, no data Available