Also trades as: AVSFY (OTC) · $vol 0M

R8,149.00 ($4.90)

+104.00 (+1.29%)

Weekly Expected Move ±3.7%

R7596 R7903 R8211 R8519 R8826

JNB · Consumer Defensive · Packaged Foods · Tech Score Sell · Power 36 · R27.4B mcap · 330M float · 0.311% daily turnover

Revenue

$16.2B +1.4% ▲

5Y CAGR: +4.1%

Gross Profit

$6.9B +0.6% ▲

5Y CAGR: +5.9%

Operating Income

$3.7B +4.4% ▲

5Y CAGR: +9.1%

Net Income

$2.6B +5.5% ▲

5Y CAGR: +9.3%

EPS (Diluted)

$7.60 +5.4% ▲

5Y CAGR: +8.9%

EBITDA

$4.3B +3.8% ▲

5Y CAGR: +7.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$13.8B	$14.9B	$15.9B	$16.0B	$16.2B
YoY Growth	+4.3%	+7.8%	+6.3%	+1.0%	+1.4%
Cost of Revenue	$8.5B	$9.1B	$9.2B	$9.2B	$9.4B
Gross Profit	$5.3B	$5.8B	$6.6B	$6.8B	$6.9B
Gross Margin	38.6%	39.0%	41.7%	42.7%	42.4%
R&D Expenses	$38M	$42M	$46M	$51M	$56M
SG&A Expenses	$2.8B	$3.1B	$3.3B	$3.3B	$3.1B
Operating Expenses	$2.8B	$3.1B	$3.3B	$3.3B	$3.2B
Operating Income	$2.5B	$2.7B	$3.3B	$3.6B	$3.7B
Operating Margin	18.3%	18.2%	20.8%	22.2%	22.9%
Interest Expense	$116M	$199M	$199M	$237M	$196M
Income Before Tax	$2.4B	$2.5B	$3.1B	$3.3B	$3.5B
Tax Expense	$675M	$698M	$838M	$916M	$967M
Net Income	$1.8B	$1.8B	$2.3B	$2.4B	$2.6B
Net Margin	12.6%	12.3%	14.2%	15.2%	15.8%
EPS (Diluted)	$5.29	$5.54	$6.76	$7.21	$7.60
EBITDA	$3.1B	$3.3B	$3.8B	$4.2B	$4.3B
Shares Outstanding	331M	332M	334M	337M	337M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$7.8B	$7.1B	$8.4B	$7.5B	$8.5B	$7.6B	$8.9B	$7.4B
Cost of Revenue	$4.7B	$4.4B	$4.9B	$4.3B	$4.8B	$4.4B	$5.0B	$4.3B
Gross Profit	$3.1B	$2.7B	$3.5B	$3.1B	$3.6B	$3.2B	$3.9B	$3.0B
Gross Margin	39.8%	38.2%	41.5%	41.9%	42.9%	42.3%	43.5%	41.1%
R&D Expenses	$0	$21M	$0	$46M	$0	$0	$0	$0
SG&A Expenses	$1.6B	$1.5B	$1.7B	$1.6B	$1.7B	$1.6B	$1.7B	$1.5B
Operating Expenses	$1.6B	$1.5B	$1.7B	$1.6B	$1.7B	$1.6B	$1.7B	$1.5B
Operating Income	$1.5B	$1.2B	$1.8B	$1.5B	$2.0B	$1.6B	$2.2B	$1.5B
Operating Margin	19.7%	16.5%	21.5%	20.1%	23.2%	21.1%	24.7%	20.7%
Interest Expense	$93M	$106M	$225M	$0	$114M	$123M	$110M	$87M
Income Before Tax	$1.4B	$1.1B	$1.7B	$1.4B	$1.9B	$1.5B	$2.1B	$1.4B
Tax Expense	$397M	$301M	$457M	$381M	$512M	$405M	$571M	$396M
Net Income	$1.1B	$784M	$1.2B	$1.0B	$1.4B	$1.1B	$1.5B	$1.0B
Net Margin	13.5%	11.1%	14.8%	13.6%	16.1%	14.1%	17.1%	14.2%
EPS (Diluted)	$3.17	$2.37	$3.72	$3.04	$4.06	$3.15	$4.55	$3.10
EBITDA	$1.8B	$1.5B	$2.1B	$1.6B	$2.3B	$1.9B	$2.5B	$1.8B
Shares Outstanding	332M	332M	333M	336M	336M	338M	333M	337M

AVI.JO JNB