
I am honoured to present this year’s report to our shareholders, reflecting on the Group’s achievements over the financial year, not only in terms of our solid economic performance, but also in the meaningful progress we have made in advancing our sustainability commitments.

"Raubex delivered a solid performance across its key operations, demonstrating the Group’s resilience in a year marked by persistent headwinds. The strength of these results reflects not only disciplined execution but also the Group’s enduring ability to navigate volatility while maintaining strategic focus and operational excellence. This unwavering determination continues to underpin our progress and is clearly evident in the robust financial outcomes achieved during the year."
"The Group continued to execute its strategic plan with discipline, creating value for stakeholders in a year characterised by significant challenges. Despite the prevailing headwinds, we delivered another strong performance for the year ended 28 February 2026."


Revenue
R22.05 billion
(2025: R21.08 billion)
4.6%
Operating profit
R1.74 billion
(2025: R1.56 billion)
11.6%
Headline earnings per share
611.3 cents
(2025: 599.8 cents)
1.9%
Earnings per share
610.2 cents
(2025: 601.7 cents)
1.4%
Cash generated from operations
R1.75 billion
(2025: R2.51 billion)
30.3%
Net asset value
R7.87 billion
(2025: R7.15 billion)
10.1%
Capital expenditure
R1.20 billion
(2025: R1.35 billion)
10.9%
Order book
R31.46 billion
(2025: R28.18 billion)
11.6%
Total dividend per share
202 cents
(2025: 198 cents)
2.0%
B-BBEE (Construction Sector Codes)
Level 1
(2025: Level 1)
Employees
9 208
(2025: 9 239)
0.3%
Total workforce (including indirect employees)
22 042
(2025: 19 219)
14.7%
HDSAs in SA workforce
86.2%
(2025: 87.0%)
80bp
Women in total workforce
17.4%
(2025: 17.7%)
30bp
Training and development spend
R42.1 million
(2025: R46.8 million)
10.0%
Felicia Msiza Chief Executive Officer
Raubex subscribes to the notion that doing business is about creating shared values and meeting its responsibilities in contributing to economic development, society, communities and the environment for the benefit of our wider stakeholder groups.
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Raubex recognises that environmental stewardship is integral to responsible business conduct and the management of sustainability-related risks and opportunities that may affect operational continuity, costs and long-term value creation.
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