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Income Statement · Annual · Millions · ZAR

Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	1,693	1,942	2,291	2,746	3,507	4,206	4,567
Cost of revenue	485	575	671	923	1,235	1,515	1,364
Gross profit	1,208	1,367	1,620	1,824	2,272	2,691	3,203
Research and development	48	45	100	149	177	212	227
Selling, general and administrative	444	460	477	555	705	838	945
Operating income	500	631	727	699	882	1,043	1,312
Interest expense	31	17	9	12	10	16	51
Income before taxes	471	617	696	682	894	1,066	1,247
Income tax expense	110	173	199	205	285	312	310
Net income from continuing operations	361	444	497	477	609	754	937
Net income	237	290	318	450	597	738	921
Net income to common shareholders	186	290	318	450	597	738	921