Altron, one of South Africa’s largest homegrown technology groups, has handed investors one of its biggest rewards yet after a sharp profit jump allowed it to declare a R500 million ($30.5 million) special dividend.
The Johannesburg-listed technology company on Monday reported a 25% rise in operating profit to R1.2 billion ($73.5 million) for the financial year ended February 28, 2026, while headline earnings per share (HEPS) surged 34% to 239 cents.
Buoyed by strong cash generation and a healthier balance sheet, the board increased its final dividend by 44% to 72 cents per share and unveiled a once-off special dividend of 120 cents per share.
Altron’s results cap a three-year turnaround that has reshaped the company while returning a substantial windfall to shareholders.
The results also highlight a dramatic transformation at Altron, once known primarily as a sprawling IT services conglomerate, into a platform-driven technology business focused on high-growth sectors such as mobility, payments, digital identity and healthcare.
