Financial Results
for the year ended 30 June 2022

Salient features

trading profit

R9.7 bn



R99.9 bn


ROFEup to


R11.5 bn

cash generated by operations

Normalised HEPS1 601.5 cents


Total dividend of744 cents


Message to shareholders

"An outstanding result with six divisions posting double digit profit growth, off last year’s high base." Mpumi Madisa, chief executive.


This year's exceptional operating and financial results were delivered despite several domestic and global crises and rapid changes in demand.

The R9.7 billion reported trading profit is similar to the profits pre the 2016 unbundling of the foodservice businesses. Cash flows from operating activities, excluding dividends, and on a comparable basis, are almost R0.5 billion higher. This is a remarkable achievement in a mere six years.

For the first time, the Commercial Products division generated trading profit of more than R1.0 billion, another milestone. Four out of the seven Bidvest divisions now generate profitability in excess of a billion rand each.