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CHIEF EXECUTIVE OFFICER’S REPORT Felicia Msiza, Chief Executive Officer

"Amidst a year defined by both local and global uncertainty, the Raubex Group once again delivered results that reflect the resilience of our business and the unwavering focus that continues to anchor our success."

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.

 

Felicia Msiza, Chief Executive Officer

CHAIRMAN’S STATEMENT Rudolf Fourie, Chairman

"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."

Rudolf Fourie, Chairman

FINANCIAL DIRECTOR’S REPORT Sam Odendaal, Financial Director

"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

Sam Odendaal, Financial Director

OUR BUSINESS MODEL

GEOGRAPHICAL FOOTPRINT

Geographical Footprint

OUR STRATEGIC OBJECTIVES

ESG

KEY FACTS

Revenue

R22.05 billion

(2025: R21.08 billion)

result

4.6%

Operating profit

R1.74 billion

(2025: R1.56 billion)

result

11.6%

Headline earnings per share

611.3 cents

(2025: 599.8 cents)

result

1.9%

Earnings per share

610.2 cents

(2025: 601.7 cents)

result

1.4%

Cash generated from operations

R1.75 billion

(2025: R2.51 billion)

result

30.3%

Net asset value

R7.87 billion

(2025: R7.15 billion)

result

10.1%

Capital expenditure

R1.20 billion

(2025: R1.35 billion)

result

10.9%

Order book

R31.46 billion

(2025: R28.18 billion)

result

11.6%

Total dividend per share

202 cents

(2025: 198 cents)

result

2.0%

B-BBEE (Construction Sector Codes)

Level 1

(2025: Level 1)

result

Employees 

9 208

(2025: 9 239)

result

0.3%

Total workforce (including indirect employees)

22 042

(2025: 19 219)

result

14.7%

HDSAs in SA workforce

86.2%

(2025: 87.0%)

result

80bp

Women in total workforce

17.4%

(2025: 17.7%)

result

30bp

Training and development spend

R42.1 million

(2025: R46.8 million)

result

10.0%

Our approach to sustainability

“Our strength has always stemmed from our people, our values, and our deep-rooted belief that business can and must be a force for good.”

Felicia Msiza Chief Executive Officer

Environmental approach

Our case studies

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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Case studies

Approach to Sustainability

Our environmental approach

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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